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Microcap & Penny Stocks : Bingo.com Ticker BIGR (formerly BIGG)

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To: DizzyG who wrote (947)6/18/1999 12:09:00 AM
From: Chuck Rubin  Read Replies (2) of 1119
 
A GOOD READ FOR ALL NEW AND SERIOUS INVESTORS:

*** POWERFUL BASHERS GAINING POWER ON SI? PLEASE READ! *** This is copied from the SI Board..long read.

*** Will SI Members threaten to demand refunds in what has become a rapidly
degenerating posting board? Spamming on threads is driving many public
posters away and angering many! Some stock threads have gone silent. Why
is SI tolerating this behavior? Will class actions lawsuits really begin?

Read on.

HAVE YOU HEARD OF THEM? The most aggressive seem to be JANICE
SHELL and GRAYSTONE, but others include KASHA, POET, 246810,
JEFFREY S. MITCHELL, MR. FORTHRIGHT, MARCOS, CATLADY, and
others. Most appear together on the above thread and on many other threads
on SI.
(also see the threads: TAKING IT IN THE SHORTS, FBN, FBNA, THREAD
MORONS, DEATH THREAT THREAD, JANICE SHELL FOR PRESIDENT, or
any of the stock threads they have invaded, namely CYGS, the most recent.
Good place to start:
exchange2000.com

If you are not aware, this is a group of people that go from thread to thread
claiming to have NO VESTED INTEREST in a stock, but always attempt to
spread fear and doubt without any conclusive proof. They spend hundreds of
hours a week occupying threads that they have no vested interest in (or so
they say). They, like the infamous Stock Detective, who some feel are one and
the same, have targeted 5-10 companies recently that are obviously no where
near the worst companies they could have found. Even Janice Shell, who
seems to be the ringleader, admits (see below) that a couple of these stocks
are not worthy of their wrath..so why did they go after them and bash? Read
on.

HOW DOES THIS GROUP OPERATE?
They always pick stocks that have had a large run up. Then they take turns
attacking stock threads, so as not to exceed the 20 post per day limit that SI
has. But they spend hours and days, even weeks on certain threads
attacking, but always claim they have no vested interest in that stock! It is
almost beyond bizarre. They attempt to wear people out and so frustrate them
that the thread soon bears no resemblance to the peaceful place it once was.
Instead it becomes a angry, frustrating place where information on the
company takes a back seat to personal attacks. So what is their motive for
doing what they do?

THEY CLAIM THEY ARE "HELPING EXPOSE HYPESTERS". NO WAY. HERE'S
WHY
They always maintain that they are exposing people who hype stocks, yet they
always seem to come onto stock threads whose stocks have run up big
(usually 500-1000% or more). Do you see the fallacy of this claim? If they
were truly trying to protect others "from being taken" by hypesters and pump
artists would they not come into the stock thread BEFORE the stock has a
chance to run and before smaller investors jumped on the bandwagon?

Because, isn't it usually the small investor buys near the highs, and the
hypester at the lows?
Should they not attack these threads before these stocks run up? The
hypester, if one existed in the first place, has already made "his or her "killing"
in the stock they target. No, it is the small investor they hurt most often. That is
why there is some much anger directed at them. In fact on the DEATH
THREATS thread they claim that many people have threatened their lives.

Death Threats against them? If true, this is sad and troubling. It makes you
wonder why people even stick around SI anymore. The climate has turned
ugly. If you are lucky enough to have a stock that runs up, you are likely to be
paid a visit soon by some members of this "group".

Let's take a real example that started occurring this past weekend. They
invaded the CYGS stock thread.
If their real intent was to protect innocent investors from hypesters, why did
they let CYGS run up from 30 cents to over $2.00 before saying anything?
And why don't they offer real proof if they honestly believe it is a scam? They
never offer real proof..never conclusive proof. That is what angers people.
The modus operandi is to just plain WEAR PEOPLE OUT AND SCARE AWAY
NEW POTENTIAL INVESTORS. It is clear as day.

In the past they have come onto threads suddenly, usually 1-2 come in
together, then maybe someone different comes in, while the first 2 leave for
awhile. They have hit, among others, DGIV, INFE, SGNC, and now, over the
weekend, they have hit CYGS. They are good at what they do and many are
afraid to fight them because they launch personal attacks when you do. Many
people avoid confrontation. They seem to love it. They never give up. Too
bad they don't apply those traits more positively to fight real scam stocks, real
hypesters, real bashers, and those Market Markets who scam the public. We
would all benefit.

**** BUT THE REAL QUESTION IS:
WHY DO THEY SPEND SO MANY 100's OF HOURS EACH WEEK ATTACKING
STOCK THREADS AND BASHING IF THEY HAVE NO VESTED INTERST, AS
THEY CLAIM??

Don't most of us enjoy posting about stocks we like?

Don't most of us think there is something wrong about bashing stocks that
other people have a vested interest in? Especially when they have no real
proof. At the very least is it not in bad taste? And if they have to say
something, are there not nicer ways to post dissenting views and questions?

So, what is their real motive, many have ask?

Why do they rarely spend ANY time (that's right virtually 0%) being positive
about a stock THEY own?

Why do they spend virtually 100% (yes, 100%) of their time on stock threads
attacking, when they don't have any vested interest in that stock? At the very
least is it not odd behavior? Here are some theories posed:

ARE THEY REALLY BUYING AT THE LOW AND THEN SELLING AND
SHORTING?
Since everyone has a motive, some think they are quietly buying a stock on
the way up, and they when they decide it is high enough, they all sell and plot
to sink it. I don't know, but it fits the profile of why they rarely say nice things
publicly about a stock and why they have a fair amount of knowledge, enough
to sound somewhat credible. Obviously they can't promote the stock they later
intend on shorting. It would also explain why they never attack the stock until it
has run up a lot. I t also explains why they don't go after real scam stocks. It
would be altruistic but would not make them much money..
Honestly, I am speculating only and I have no conclusive proof, but since that
does not stop them, and since this post will hopefully help the small investor..I
march on...

ARE THEY BEING PAID TO INVADE THREADS?
No one has proof of that, but again it fits the profile. Market makers made lots
of money Tuesday on CYGS playing games with the bid/ask. It was largely
helped by them.

ARE THEY REALLY TRYING TO PROTECT THE SMALL INVESTOR FROM
HYPESTERS?
Again, if they were, they would warn people sooner with actual proof that a
stock was a scam. Instead they only anger people who have lost a lot of hard
earned money. Innuendo and controversy, after all, can keep potential
investors away from a stock. It is akin to a person being accused of a crime
they are innocent of. Often many still remember the arrest and assume guilt.

ARE THEY PERHAPS JUST ON A "POWER TRIP" AND WANT TO SHOW
HOW THEY CAN TANK A STOCK WITH MERE WORDS? IS THIS WHY THEY
WAIT UNTIL A STOCK HAS RUN-UP
(i.e because they feel it may be easier to tank?) Is ego really the whole reason
or because it is FUN?

HERE IS WHY JANICE SHELL SAYS SHE DOES IT? (from a question I posed
to her on the Bashers:post them here" thread.)

" Janice.... you've never said what you objectives are or if you are paid
to post on SI."

" Get real. I don't know HOW MANY TIMES I've said I'm not in the pay of
anyone.
Hundreds, literally. All this hirelings-of-the-evil-MMs stuff is nonsense. Just
another SI
fantasy. I do this because I find it interesting and fun"

YEP FOLKS, SHE FINDS IT INTERESTING AND FUN! CAN YOU BELIEVE IT?
She finds it interesting and fun, despite the anger and hostility and death
threats?
Despite the fact that because of them stocks have tanked and cost investors
millions?

WHAT ARE SOME STOCKS THEY HAVE TARGETED FOR ATTACK?
Let's look at some of the stocks Janice Shell has targeted with some of her
friends:
DGIV, INFE, ICVI (now MTEI), SGNC, and now CYGS

ARE THESE THE 5 WORST COMPANIES THEY COULD FIND TO BASH?

NO, EVEN JANICE SAYS THEY ARE NOT BAD, SO WHY DID SHE AND
OTHER BASH THEM?
exchange2000.com

and SGNC recently received funding from the pristigous Battelle Institute but
that did not stop them from bashing (see news). INFE has some of the most
intelligent, loyal people I have ever seen; ditto CYGS. In each case, long term
investors of these stocks have paid their own money to fly down to meet
company officials and do first class DD.

So, the question is: WHY DID THEY NOT FIND REAL SCAM COMPANIES TO
EXPOSE?

WHY AM I POSTING THIS?
I am so tired on not being able to share ideas and thoughts anymore. SI has
become a place where PM's are the only safe way to communicate ideas (and
some think SI is selling PM information to Market Makers). If you are lucky
enough to get a stock that goes up significantly, now you know that sooner or
later it will become a target of this group or the Stock Detective may hammer it
down.

WHAT IS SI's POSITION REGARDING THIS GROUP?
SI has received many PM's and emails about this group. Why do they
condone their behavior? Are these bashers being protected by SI when they
are clearly violating the spirit and original intent of SI? Are they not spamming
threads through pre-planned group activity? Are they not clearly trying to
incite people with personal attacks? When their entire existence on stock
threads is nearly always 100% negative, never positive, is this not the worst
type of spamming ever?

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