What a story! These guys will probably pretend that they have won the case even though it is far from over. After all they pretend to short stocks at the high all the time (or even higher than the high on their exclusive lower Zimbabwe ECN.)
I hope that publicizing the tactics that these individuals use to drive down stocks will be useful. When these guys get involved, they basically take their MO and just change the name of the company. They use the same stuff for each company, with minor modifications. Calling small, growing, turn-around companies e.g. POS, turds, frauds, schemes, SEC coming, etc., etc., may be enough to scare away some of the mass of new investors who have been attracted to the market through the internet over the past few years.
The real key is to pick good stocks with stories that you like. Stick with them despite name-calling and other techniques that you see on these type of boards. Don't be swayed by movements one way or another based on this type of hype pro or con. (Most of my holdings are at least 6 months including buying XYBR in the ones.)
What is scarey is that these guys will or probably have added to their repetoire of aliases and will come on as pretend good guys to rescue investors in other cases where there sole motivation is getting the price down because they are short.
Yes - there are definite scams and some of the well-known shorts have done commendable jobs in getting some excess from the market.
However, the "holier than thou" people are usually hiding an agenda which is to take your money from you. When they get their minions or other aliases to cheerlead and tell them how wonderful they are and how terrible the people who oppose them are, be suspicious.
Now back to XYBR. |
