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Microcap & Penny Stocks : PLNI - Game Over

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To: Jeffrey S. Mitchell who wrote (2807)2/27/2006 9:12:29 AM
From: rrufff  Read Replies (1) of 12518
 
I apologize Jeff for the post. Hope you are happy and have some sense of satisfaction and that the "research department" can now justify his obsessions, perhaps.

I trade sometimes 20-40 times a day or even more. I often put in trades the night before or even earlier. I currently have 100 different stocks that I actively follow and probably have close to that in open orders.

I quite frankly can't remember all of my trades, let alone all of my open, filled, expired or cancelled orders. I often don't know which fills I get for a day or two if I am particularly busy or travelling as I often do. I never was able to get a fill on PLNI. It was my intent to trade it.

I did post that I had hoped that the moronic generic bashing would be able to get it down to about .005 when it was higher. Unfortunately, that order expired and I lost interest. I believe the stock ran up nicely after that to about .007. I then put in another order around .003, again hoping that the moronic generic bashing would get it to that point for a trade. That order never hit. I was disappointed in that a very organized "bash" on multiple boards seemed to be in full force, with all sorts of idiotic posts and personal attacks growing in vehemence. On RB, the blather seemed to be a 24/7 thing resulting in 1000's of posts. On top of that, there appeared even an off-premises "research department" blog, whining to get back off booted legitimate message boards, all so PLNI could be bashed. Yet, this organized "bash" was not successful enough to get me my fill.

The point of my posts for those who would prefer to personally attack rather than have substantive discussion was clear. I expressed my opinions many times on the actions of management and that my own interest would be to trade rather than think of it as some sort of longer term investment. Is there anything wrong with that? Does that make someone a "promoter?" I think I was pretty objective, pointing out my own negative feelings about the company as well as what I perceived as positive.

Using the logic of your "research department, " does your posting here make YOU a "paid basher?" Does your "research department's" impotent ramblings make him a "paid basher?"

So, the answer is that I never traded PLNI. I wish I had as I likely would have had a double before selling.

I don't think that's a lie as you characterize it. I thought you were a bit above that but I guess you're not. I do often post favorably about stocks. So your "research department" claims that makes me a "promoter" subject to his lies and threats. Do you feel good furthering that agenda?

I feel pretty good that I've exposed that "research department" for what it is. I'm not the only one. One doesn't have to go far to find allegations of NASD violations, et als.

The "truth" is that the stock has been bashed from about .0036 and could have been traded very nicely. I was not able to do so for whatever reason, likely just my own planning for a day. So, I'm not blaming anyone. I realize that the moronic generic bashing was as good as could be expected given the 1000's of posts and the effort that was made. So why not take advantage of that and ride it back up?

The bashing has fallen quite "short" so to speak. Unfortunately, impotence is hard to overcome although it appears to be contagious.
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