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Subject: Re: The Madness Of Bob Hyatt, Betting Against A Rich Man!

Author: Robert Hyatt

Date: 07:33:43 11/21/03

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On November 21, 2003 at 07:00:40, Graham Laight wrote:

>On November 21, 2003 at 05:59:05, Amir Ban wrote:
>
>>On November 20, 2003 at 23:23:16, Robert Hyatt wrote:
>>
>>>On November 20, 2003 at 14:23:10, Amir Ban wrote:
>>>
>>>>Sure. There are tens if not hundreds of Americans who would make me look silly
>>>>with multi-million $ projects and $10 million hardware. The only thing holding
>>>>them back is that they can't afford to go to Europe.
>>>>
>>>>It has been tested once in a Rebel vs. Crafty match where Crafty was given a 100
>>>>to 1 time advantage. The match was aborted after Rebel won the first game.
>>>>
>>>
>>>How about doing a couple of things:
>>>
>>>(1) tell the entire story.  (a) one game doesn't mean _anything_.  (b) Ed
>>>played multiple games with crafty and rebel having a _very_ long time for
>>>each move.  Crafty won.  Does that prove anything?  Nope, other than the
>>>one handicap game was meaningless.
>>>
>>>(2) I'll be _happy_ to take you on at 100:1 time odds, anything you think
>>>you are ready.  I'll even put up a wager to make it interesting.  I am
>>>talking about a match of at least 10 games.  Interested?  You'd be
>>>stupid if you were.  Because I wouldn't play _any_ program at that time
>>>handicap, including the original Sargon...
>>>
>>
>>You're on. Please suggest format and let's discuss after WCCC.
>>
>>Amir
>
>Bob - although I think you'll win this challenge, you should be wary of betting
>too much against Amir - he can probably afford to lose more than you.

Possibly.  I've been a faculty member for 35 years.  I owe nobody anything,
my kids are on their own.  My wife and I both work, both at good-paying jobs.
I don't have any problems in that area myself.

>
>He's one of the founders of M-Systems - an Israeli company (although you
>wouldn't know this from their web site, which makes them look like an American
>company) that makes flash memory, and although, unusually, their NASDAQ
>information does not include his current shareholding, there is there a public
>record of his sales.
>
>The company is losing money (earnings per share (EPS) is negative), and the
>share price, currently at $18, is on a strongly downward trend (take a look at
>the technical analysis charts:
>http://finance.yahoo.com/q/ta?s=FLSH&t=3m&l=off&z=m&q=l&p=b&a=m26-12-9,ss,fs,v&c
>).
>
>However - the current market valuation of M-Systems is just under $500 million.
>Also, in the last 5 years, Amir has sold 112,250 shares - so he's not short of a
>penny or two! You can see his sales at
>http://www.nasdaq.com/asp/Holdings.asp?mode=&kind=&symbol=FLSH&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&FormType=&mkttype=&pathname=&page=holdingssummary&selected=FLSH
>. After opening this page, select insider form 144, then page 2, then click on
>Amir's name.
>
>Looking on the bright side, you needn't feel bad about taking his money from
>him.  ;-)
>
>-g


This is about "chess" not about "money"...

And about being sure to write checks you are sure you can cash, methaphorically.

If he thinks he can beat me in a match at 100:1 time odds, I'm game to show
the folly of such an idea...




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