SKLN RECORDS: THE NEXT CHAPTER IN THE FSOL PUMP AND DUMP Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : SKLN RECORDS: THE NEXT CHAPTER IN THE FSOL PUMP AND DUMP

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Fbk32 who wrote ()	4/21/1999 9:43:00 AM
From: Fbk32	Read Replies (3) of 23

WHAT IS A PUMP AND DUMP?? ONE DEFINITION FROM STOCKBUYER.COM: Visit: stockbuyer.com for more information. Check out our Free Financial Services and Free IPO Information. I would like to preface this E-Mail by proclaiming that not all bulletin board stocks are smoke and mirrors nor are small-cap stocks.What everyone must keep firmly in mind is the fact that all companies have to start somewhere. You must be diligent enough to distinguish between fact and fiction.If someone is relaying a story that seems improbable than more often than not this is not the ommittment you want to make. What is a pump and dump trade? This is a trade sometimes veiled as an IPO. The public is so enamored by the stories of overnight and quick fortunes that they become willing victims to these pitches. The offending firm usually uses telemarketers/financial advisors to contact potential "investors"and push their inventory. The "pump and dump" companies may have been instrumental in bringing this company public. More often than not they were paid in stock,therefore, their incentive is to pump the stock price up by selling to the uninformed investment public or those who buy their story. I have been duped with regard to this also,one allows oneself to think that they are somehow chosen to participate in a "hot deal".When everything blows up most people kick themselves and blame themselves for being so stupid. I was in this category. I was contacted by Mr.Alan Mitchell of Maidstone Financial,Inc. out of New York City. I became involved in two "deals" one was Surge Components, Inc.(SRGE)@ 5 1/4 and the second was Community Care Services (CCSE)@ 7 1/2.These stocks are presently trading at SRGE 2 1/2 and CCSE @50 CENTS. The reason I am sharing these two debacles with you are twofold; #1 I consider myself a relatively sophisticated investor and I was easily duped and #2 to remind everyone of the old adage "If it is too good to be true, it usually is" This is why I constantly implore one and all NOT to take tips etc. as Gospel without doing your own research. Even in cases where you believe your broker or advisor is honorable, remember how he is getting paid. Also, ask yourself whether you understand this investment and why someone is being so benevelent to share. This is the reason why I am trying to develop stockbuyer.com to be more of a hands-on site.It is hard enough to make money in the market when we find ouselves bucking heads with the professionals. Therefore, this site will be our forum to try to level the field.I will tell you which stocks I am getting into or have a position already. It is then up to you to make up your mind whether this fits your investing style. When I post a stock it shows entry price and target.I am more prone to short-term investing, less then two weeks holding period. I prefer consistent profits, even if they are smaller than intermediate or long-term holds.You must treat investing as a businessn otherwise this could become the most expensive "hobby" you will ever have. NASD Complaints (212) 858-4000 SEC Complaints (202) 272-2800 Take Care Brian

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next