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Non-Tech : Auric Goldfinger's Short List

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To: Edscharp who wrote (10095)7/1/2002 2:00:50 PM
From: mmmary  Read Replies (1) of 19428
 
Ed, I was busy this weekend

"Point 2, I agree that it is easier to short a loser company. I would also make the observation that it is to the advantage of the short-trader to embellish bad news of the 'loser' company in any way they can and I submit that they do engage in distortion, innuendo and half-truths to exaggerate the problems of the company to get an even steeper decline in share price that might otherwise have been."

Generally the companies that tony and other very public shorters out are guilty of distortion, innuendo and half truths (if not utter lies) to exaggerate the pros of the company in order to sucker investors in so they can make money. I see tony's reports and they are 100% the truth. I see the companies he targets and they are generally flat out liars and he calls them liars. If anything, I think that 99% of the time it's the company that is doing the reverse of the short and distort, they are hyping. Maybe 1% of the time there are some less than ethical amateur shorters out there who short and distort. The professional shorters don't want to be sued or ruin their track record by not posting the truth.

Maybe what you are seeing that is bothering you are some disgruntled ex employees/shareholders that got burned by the company posting some negative things that they can't verify with links, or maybe they are just posting lies. I don't think tony was doing that. He was a little over the top in the verbal abuse of the company but I really think they deserved it for lying, cheating and stealing from the investor.

I went to a hearing where investors who were ripped off in a trust deed scam were able to tell the guilty party what htey felt. These little old ladies really chewed a new one into the con men. I can understand how they felt. Maybe you are just seeing the rantings of burned investors. Let them rant. They have a right.
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