rrufff,
I have moved your post to this thread, for several reasons. First of all, I highly respect your opinion, and want to be able to respond. Secondly, I am banned on this thread...
Ban List for Mafia Stock Mobsta's Social Club (Bulls Board)
Creede Bighorns
Farnzworth
Penny Hard A Way
Retire by 40
shortsinthesand
taxgun
tsigprofit
...so I consider myself banned on all of jmHollens threads. I'm not going to beg him to un-ban me. I'm not going to bring hard worked for DD and just drop it on his door step anymore. You and I both know the power of honest DD...especially when it come to the share structure. Until all bans are removed from me, and those that were banned because of me....a jmhollen threaed will be the last place I will drop a "pearl". Thirdly, this is the place for this conversation. Much better than VWKM, GCHR, or the Mobsta board. This is the reason this forum was built.
To: Creede Bighorns who wrote (72) 2/12/2006 2:10:36 PM
From: rrufff of 76
I've gotten into my share of flame wars. After a while, sometimes we forget even who started each one but we know that each often takes on a life of its own.
Anyone who follows my posts knows that I do DD almost full time. I follow a lot of stocks and try to take positions in the better ones. My DD does not eliminate risk but it gives a better chance of getting at the truth and being able to judge for ourselves whether or not the potential risk outweighs the risk inherent in any stock, and in particular in penny stocks.
I often post that any stock can be bashed. I've become an enemy of what I call "moronic generic bashers." That is, if you take a company that has grown by taking over a shell, one can go through the "ancient history" and bash both moronically and generically, with that bash having absolutely no materiality to today's company and its prospects.
I often challenge moronic generic bashers to tell me a microcap or two that he/she/it likes so that I can evaluate it and compare it to the stock that is being bashed. Typically, they slink back into their wormholes, hiding behind their keyboards off premises, disgraced, having been exposed.
I would say this with respect to the topic of who should be able to post on message boards. I have no problems with posters who post negatively. I think there should be limits to repetitive moronic generic bash. However, similarly, I do not like the posts that say for no reason that a stock is going "to the moon" tomorrow. In our exuberance, all of us make the mistake of doing this at times. I would hope that others are not influenced just because someone posts that a stock is "going to the moon" tomorrow. OTOH, I do understand that one's emotion tends to get in the way of rational analysis at times.
I dislike the new system of "bull" and "bear" boards here. I think that a newbie looking for a stock is just going to get overwhelmed by the repetitive stuff on both boards and probably stop reading all of them. I don't think this is a service to SI or to those long or short a particular stock.
I'd prefer and have suggested to SI a system by which a moderator is able to warn a disruptive poster and then perhaps ban him for a particular period of time or remove posts. There could be a committee of objective volunteers, made up for those who might be considered "long" and those who might be considered "short" who would judge whether someone was being disruptive or repetitive. This is just a suggestion that could be refined.
I value my membership here and I do believe that SI and IHub are head and shoulders above RB, Yahoo and other boards because of the fact that they are moderated. I use these boards for new ideas, from which I do my own follow-up. I would hate to see this site disappear as a useful resource as I believe RB and Yahoo will. I would hope that we all "can get along" in a fashion where we can have a useful debate and not just cheerlead and not just moronically generically bash.
I have gotten many great ideas from John and from Creede and from others here. I never have invested solely because of that. I always do my own DD and make my own decisions. If a stock tanks, I can't blame anyone but myself. This should be the motto for the penny stock trader, investor or gambler (whatever he wishes to call himself.)
I also believe that if we work together we can convince managements that it is in their own best interests to create a strong shareholder base, a "Win-Win" scenario, where they realize that dilution and dumping is something that works against them as well as against the establishment of a strong shareholder base.
Those who know me, know that I often call CEO's and IR's. More often than not, my call is not to obtain information but to "convince" them of the value of a strong shareholder base, one that is built through "trust." That is, if they want "us" to stay with them as they develop, then they should not be dumping and diluting. The latter, after all, tells us that they are BS ing us and it plays into the hands of the bashers and rightfully so.
Many years ago, I realized that this was the correct approach. I contacted a CEO who proudly boasted that the toxic financier had "promised" not to short the stock, that he was in for the "long term as a partner," and that the CEO trusted him not to contribute to a toxic death spiral. Although I thought the CEO was telling the truth, I could not convince him of his naivety. I sold immediately and sadly watched the stock fall from about 10 to 0 as the share count increased exponentially.
Who was to blame? the toxic funder? the shorts who worked with the toxic funder? the CEO? associated traders? The SEC that allows this type of thing to happen?
Who knows! I knew that this company run by the CEO who rejected my advice and said "trust me as I trust my friend the toxic financier" was doomed to failure. It is this type of information that helps us all and from which we can help a company establish a strong shareholder base, one that helps a company grow, one that gives the company a legitimate source of capital formation and allows us an opportunity to make money on a level playing field, not one stacked towards the manipulator.
After all, it makes much more sense to raise $1 million by selling a million shares at a buck than it is to sell a billion shares at .001.
So, I would urge all here to stop their bickering, work together, sharing relevant information on message boards, reduce the level of personal attacks, try to put more substance into our posts, and refrain from the ego manifestations that work only for the benefit of the manipulator, whether that manipulator comes in the form of the moronic generic basher or the CEO who only wants to use retail investors for a quick fix.
GodBless-ND
cris
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