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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: sommovigo who wrote (58531)8/11/2000 2:43:52 PM
From: Druss  Read Replies (1) of 122087
 
Sommovigo--<<It really seems to me like your knight in shining armor is not as shining as you thought (or hoped) he was.>>
I haven't got any idols on SI or the net for that matter. Just some friends, and in honesty neither Auric or I would call each other friends. I respect his opinion and his market savvy. I also respect someone who hunts and bust frauds. That's why I monitor this thread.
My apologies but you sound just like the Yahoo posters. Organized gangs of shorts coming around to short their wonderful company to bankruptcy. First they short this diamond in the rough, then 'bash' it and then drive it out of business.
It doesn't work that way. Why short quality? Trash is the target of a short and fraudulent bashing down stocks just isn't happening. Check the SEC busts, not one organized short driving down a company fraudulently yet. If you are going to commit a felony and manipulate a stock price it is logical to go for a pump and dump. You can make multiples of your investment.
One last point, if you discover a company is a fraud it is not by any means always illegal to short it. Any number of instances it is perfectly legal to short away. Some Australian mining engineers checked the property BRE-X used for their gold claims and fraud before BRE-X made their claims. If one of them said "No way that property has gold" shorted it and posted his knowledge on the net. It is perfectly legal.
Druss
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