Pump's daily trading recs, emphasis on short selling Message Board

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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: Deeber who wrote (5286)	8/20/2001 12:59:02 PM
From: Mark L.	of 6873

I am sorry about your loss. You should get a lawyer and try to get restitution from the broker. Having said that, I believe the stock in question is PNSO. If so, you must have realized that the reason that companies do 26:1 splits is to run the stock, not because of some underlying business purpose. People who do such things are typically not followers of Mother Teresa, and they usually have associates among market makers and brokerage firms. The whole idea is to suck money from retail buyers by whatever method they can. Good luck, but I suspect that you will have a long, drawn-out battle with people having different moral standards from the typical Merrill Lynch broker. Hopefully other readers will profit from your bitter experience. Buying bulletin board stocks with weird split or spin-off characteristics, or where the promoters claim they control a small float, is playing with fire. Sooner or later, you will be burnt badly.

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