Word: dumps
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There are plenty of risks for investors in this brave new e-world. So-called boiler-room operators who tout highly speculative or fraudulent stocks in order to unload them at a profit--pump and dump in the parlance--can reach vast audiences through chat rooms and bulletin boards. The Securities and Exchange Commission has been flashing red lights, bringing--and winning--40 complaints alleging scams against stock promoters since 1996. (The rule here: if it sounds like too much of a good deal, it probably is. The agency has a cyberspace alert on its website: www.sec.gov...
Frequent traders can also miss out on juicy profits, as Ron Garrett, who buys and sells stock while shaving, has painfully discovered. Garrett, professor of engineering at Grand Valley State University in Michigan, bought computer maker Unisys for $5 a share some time ago, only to dump it a few months later when it failed to show a quick gain. "If I didn't have easy access [to trading] maybe I wouldn't have jumped so fast," Garrett says of his sale of Unisys, which closed last week at $23 a share...
...needed to do in order to find that meaningless someone to hook-up with, it was time to decide what, if any, passes we would buy. There was the $30 per person "Booze Cruise," which promised to get you as drunk as possible without inducing a coma and then dump you into the sea for some snorkeling. A friend who miraculously did not drown on this cruise later told me that there were no coral reefs where they had been taken to snorkel. I guess the event planners were hoping that people on the cruise would be too drunk...
...into the public arena. They did very well. Some of it is irreparable." This adviser, who goes back to the earliest days of the Clinton campaign, suggests that Jones' lawyers, knowing they lacked any kind of case, just decided somewhere along the line to open Pandora's box, dump it all out there, burn down the house...
...opposition would go through the motions of rejecting Boris Yeltsin's nominee for prime minister once, or even twice, but would back down before Yeltsin called new elections. Problem is, says TIME Moscow correspondent Yuri Zarakhovich, "no one expected the vengeance with which the opposition today tried to dump this young fellow...