Information Management Associates - (IMAA) 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.

Technology Stocks : Information Management Associates - (IMAA)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TFF who wrote (68)	8/22/1999 2:57:00 PM
From: Wolff	Read Replies (2) of 165

TFF re: your Post on IMAA "Stocks are pumped and dumped daily this is nothing new". TFF I will respond to each of your points Stocks are pumped and dumped daily this is nothing new. I agree scams like pumps and dumps do occur every day, does that mean if I see someone snatch a purse that it is okay because it happens, NO. I see that you agree this was a PUMP and DUMP NOW, while your prior messages on IMAA have been very enthusiastic. Given that it is a pump and dump, do you believe that Pump and Dumps should occur, and should not be investigated? What do you think the consequences of a Pump and Dump are to the average investor, won't this be the kind of market that will remove investors from the Wallstreet pool of assets? Reasons the stock moved: 1) CMGI/Wade Partners $10 million investment in Buyingedge.com TFF this was announced on the 12th Stock does not move until the 16th why? 2) Red Herring article - PCLN comparison Manipulated references were hyped accordingly. This supported the Pump. 3) Businessweek article - PCLN comparison Manipulated references were hyped accordingly. This supported the Pump. Note Harmon never mentioned IMAA at all. 4) No insider selling(disclosed on NYT article) I don't see the importance here, stock is 5 times what the insiders were buying at see biz.yahoo.com, not how much buying. I speculate this was the first time @Ventures was knocking at the door. Perhaps the SEC will discover the truth there. 5) Heavy shorting at lower levels creating squeeze(well documented on SI) I agree the public word on Shorting was out there 6) Several Briefing.com INPLAY mentions Not much here just reflects the unusual action of the stock, does not really play a part of it. 7) Internet chatrooms hype Yes, this is the big one, everyone was aware this was a Tokyo Joe Pump. At 9 he said it will go to 14, he was all over it. He even gave it a PR to the world. Thats good hype. 8) Probable accumulation by @Ventures(CMGI) - Disclosed after close friday via Edgar filing showing 12%(1.3 mil shares) in IMAA https://www.siliconinvestor.com/readmsg.aspx?msgid=11032770 and follow-ups Was Tmex the only reason that this stock went up? I highly doubt it. I do not believe the Tmex was passive on IMAA. Quite the inverse actually. Wolff

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next