an email from FATT MATT best explains the efforts of some on this thread lately:
Club Fatt! - geocities.com
This was send to Club Fatt! University but everyone here needs to see
this, as it concerns XNET.
Club Fatt! University is not officially started up, but I feel you all
need to know about this ASAP as many of you may be in XNET and others.
This was posted to the Yahoo! Board and I feel everyone should read it!
-----
Many of you may or may not have ever heard of a shorter.
I will tell you what they are. They are people that want the stock price
to go down. They will use whatever they have to do this. They will use
message boards, letters, etc.
Typically, they will use slanderous remarks, cursing, bashing, falso info,
and much more.
They will use comparisons like "leaning tower" fixing to fall and such.
Sometimes a Market Maker will hire people to do this. Why? Because many
times a Market Maker will have to give out shares that actually don't
exist (called borrowing)in order to keep and orderly market (their job)
and they must have the price DOWN in order to get out with their heads
still attached.
Shorts play with peoples emotions. They will hardly ever use actual
information. They will just say, "gonna drop" "its hit its peak" "you're
all screwed" or "I am here to protect you"
Yea right, like they are here to protect us. Where were they when the
stock was on its rise?
If you notice, none of the people that post bad remarks were here before
Thrusday. Like I have warned all my members, shorts would come.
Also, these guys that try to trash stocks typically will have about 15
aliases that they post under. But you would never know. Do you know why
they post on message boards such as Yahoo, Raging Bull etc? It is because
its free and in about 2 min they can have a new name to post under.
Also, they are not held accountable, as they would be if they posted on
SI. On, SI everything you post goes in your log file. You will always be
rememberd as the one who "bashed" the stock. YOu can never get a good
reputation or respect like this. SI will suspend you or elimate your
subscription for posting false info and such. And on SI, you only have 1
name, not 15.
Remember, just like people are paid to tout a stock, people are paid to
bash a stock too. This should be illegal.
Ask the shorts for INFORMATION as to why this stock should fall. You will
find they don't have any. They are just being paid for their attempts.
Go with what you know and feel, not what some idiot on Yahoo, or Raging
Bull thinks that could care less about you. They are paid to do this and
they will pull any tricks whatsoever to make you sell. It is called fear.
If they don't make the price fall, they don't get paid again.
Go with what you know is right. And remember, when your playing with
money, people are very selfish and only care about themselves, not anybody
else.
Fatt Matt from Silicon Investor
Club Fatt!
geocities.com
techstocks.com
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