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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: Taki who wrote (99830)1/20/2002 1:42:05 AM
From: SSP  Read Replies (2) of 150070
 
I don't have any motives here, this is simply questioning the system, not any one person. I find a flaw in this specific scenario, shorting an overvalued stock makes perfect sense, but in a unrealistic way, it would be nice to see the money return back to the people that got hurt in a "scam"

I just feel no one should profit from a scam in any shape or form.

"You probably would accuse the U.S. military of stealing from bin Laden." - what I am saying has no connection to this statement of yours - stealing what? I never said the protectors steal? I never said the shorters steal, please read carefully before posting, I was trying to say in the previous scenario there is a transfer of money, but it doesn't end up in the people's hands that got hurt!

We've seen many movies where the "loot" ends up in the good guys hands ("48 Hours" for instance, movie starring Eddy Murphy and Nick Nolte) but it doesn't mean it's right.

Buying high on an over valued legit stock is fine, there is still hope that this stock could rebound some day. But buying into a scam, there is no hope whatsoever since the stock gets destroyed, peoples money is taken. It's a matter of arresting those that perpetrated the scam and disgorging all they have in hope of returning the money to the victims.

There's a problem with the system when people are buying into a stock that shouldn't exist to begin with. Number one - SEC, NASD, should verify addresses aren't mailboxes only. There should be more stringent checks to go public. - that way peoples money won't go into a scam.
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