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post #1 of 5 Old 02-10-2005, 1:24 PM Thread Starter
 
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anybody see

where the SEC relased an old news release on Google and their shares dropped this morning? The SEC apologized

I think restitution shold be made. If one company did that to another, ie Yahoo to Google, heads would roll and all kinds of fines would be levied
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post #2 of 5 Old 02-10-2005, 1:42 PM
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Re: anybody see

I think some heads need to roll at the SEC, but I'm not sure I would agree with spending real tax-payer dollars in retribution for a drop in perceived value of Google. That sounds like a good scam possibility between executive management and insiders at the SEC.

But then I have a sceptical attitude about the stock market these days...
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post #3 of 5 Old 02-10-2005, 2:28 PM Thread Starter
 
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Re: anybody see

Quote:
Originally Posted by dB
I think some heads need to roll at the SEC, but I'm not sure I would agree with spending real tax-payer dollars in retribution for a drop in perceived value of Google. That sounds like a good scam possibility between executive management and insiders at the SEC.

But then I have a sceptical attitude about the stock market these days...

NO, the person who issued it should be held personally liable. that is just BS. That would be like say Burger King stores have been selling human meat and then say oops i meant humanitarian meat

it is not like the market hangs on every press release from them
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post #4 of 5 Old 02-10-2005, 2:31 PM
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Re: anybody see

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Originally Posted by bubba
oops i meant humanitarian meat
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post #5 of 5 Old 02-10-2005, 2:39 PM
 
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Re: anybody see

We had an analyst miscalculate my company's numbers last year. (even worse, the moron showed us losing money on one of our peak quarters ever) The dive we took in an hour or 2 cost stockholders well over 100 million dollars. It took months to get back to where it was, and of course, we never get the "pop" that good numbers usually will get you.

Amazing the power those people have.



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