Comments on: Lawsuit Filed On Behalf of Handspring Shareholders
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RE: cry babies wah wah
RE: cry babies wah wah
This suit is not being taken by the people inside the deal, who made a lot of money they DID NOT deserve. It is being taken on behalf of the people who were outside this deal.
The question is, how much of the dot.com frenzy was fuelled by the same kind of fiddles?
When this frenzy collapsed, because of these "artificially-high" prices, a lot of people in the technolgy industries lost their jobs, and a lot more will do. That is no laughing matter.
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Plenty More Where That Came From
Looks like investors are going to court to try to get some of their money back from the Tech Bubble. It will be interesting to see if they are successful.
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cry babies wah wah
Reminds me of that movie where a british futures trader in Hong Kong makes a blunder, tries to cover it up by borrowing his employer's money (a bank) which he eventually bankrupts when the Asian Contagion happens and he loses billions. I think the movie is based on a true story.
I just don't think there's any money to be made in the market because there's so much technology watching every companies move, any move to the upside is already "priced in" and any move to the downside was previously seen by the insiders. 1998-2000 bubble was a big lesson in pyramid scams.