From: Larry S.
Tuesday, Oct 14 1997 10:00AM EST
Reply #5238 of 5249
TLW,
I am just a lurker, buyer, and holder of what was OVIS, now RMIL. I must say your arguments are impressive and well bespeaks of your years of experience in the market. I in comparison have only been investing a few years and only within the last year in BB issues. Therefore, I can't speak to historical trends and patterns gleaned from the tea leaves of the market from past times and events.
But have you considered that what we are witnessing here is a new paradigm in investing??? The internet is a tool that is more powerful that anyone imagines - simply because of the tremendous communication that it facilitates. I would venture to say that it tends to break the bounds of "old school" thought relative to what makes an investment make sense.
I believe RG has found the achilles heel of the MM game and they know it (why else the ever increasing and sophisticated attacks). In days past they had complete dominance over the small investor because they were the ones with the information and therefore the control. The internet has changed that. One must factor this in and take it into account in ones assessments from now on. What has happened is the Cartel has become the backbone and the lightning rod for overcoming years of abuse perpetrated by the "smart money" "insiders", "market makers" "insert your favorite name" which have historically taken advantage of the key snipets of information that makes the difference success or failure in the market.
This new paradigm scares the h*ll out of the powers controlling the market so its no wonder why all the dirty tricks. My God, it means changing the basis for market control. It may even (heaven forbid) even (as Mr. Hicks puts it) level the playing field - what a powerful thought. Yes everyone that understood how things were must learn a new game - absolutely frightning. Why TL, it must even scare you as you have, and I would think, uncharacteristically judging from your previous posts, lead you into the name calling game (calling RG the pigeon, as in stool pigeon).
Yes, and you are right someone, rather several people, imho, will find themselves on the wrong side of the law. But then given the risk, shorters and longs alike, its worth it. I happen to believe its the shorters that will find themselves succuming to the long arm of the law. But if you think about it (please analyze) how much money do they really stand to lose? Many have gone to jail for less.
So, I'm sorry, I had to break radio silence and weigh in. In sum, TL I believe you must temper your experience with an understanding of this new paradigm. Don't dismiss it, or let it frighten you into discounting it. What you have here is people and not just those in the Cartel, initially just wanting to make money, but now willing to lose their entire investment to elevate and get a resolution the issue of shorting and abuse of the small investor. I for one am proud to be in their ranks.
People! RG has it right in my humble opinion. We are part of something historic. Lets fight the good fight!!!
Larry S. |
