Read about Melissa Davis then you will buy Zen
GARRETT DIGS DIRT ON THESTREETSWEEPER.COM RE BRLI
We have a number of readers interested in figuring out BRLI. Essentially the question is whether they can sustain their amazing Moat and Management numbers, whether management is honest and whether its a long, short or a Strangle. Garrett is a dedicated Rule One investor, a pilot for Southwest Airlines and is such a significant contributor its time to read what he has to say occasionally with Posts of his own.
Enjoy!
Oh Sure Phil! Dump this one on my puny shoulders! :)
Well, again, my wife says, "BUY, BUY, BUY"...a little like Cramer...horns going off, whistles blowing...
As a Rule #1 investor, I have to do my homework and be patient. As Phil would say, “let the smoke clear” and find out what's really going on here.
I don't have all the answers yet. But I want to share with the community some interesting information.
One of the questions I had in my head today was, “Where is Part 2 of the BRLI article that was suppose to follow?”
And “Who exactly is profiting from this?”
Melissa Davis is the editor of www.TheStreetSweeper.Org and author of “Is Bio-Reference Labs as Healthy as it Seems?”
Could it be that Melissa is waiting to maximize her short and then post Part 2 when BRLI starts to recover? Just a hunch. TheStreetSweeper.Org is very clear that they intend to profit from their articles. Disclaimer cited here: thestreetsweeper.org
So are they helping the little guy or just trying to pocket from sensationalism and exaggeration?
A little background on Melissa Davis may be helpful.
I read the article “Melissa Davis of Streetsweepr in Bed with Short Sellers and Convicted Felons” See: blog.redchip.com
This article speaks of her work “couched in innuendo, inflammatory language, misdirection, and logical fallacies. Her heavy reliance upon verbal gymnastics and sensationalism calls her motives into question. In our view, this is one “journalist” whose work just can’t be relied upon. “
This same company that came under her disparaging remarks fought back with a the above article and “attorneys have sent a cease and desist letter to Davis and The Street Sweeper for numerous false and defamatory statements concerning RedChip and its employees. “
And then some contributors at www.investimonials.com posted their own opinion of Ms. Davis and The Street Sweeper saying, “They have become as crooked as the company they are trying to expose”
Her bio definitely appears to be exaggerated regarding her “seven years as one of the top investigative reporters at TheStreet.com”
investimonials.com
Apparently, she was just writing articles at home.
How about folks at Motley Fool? Below is a blog post regarding Ms. Davis and her profiting from sensationalism, poor journalism, and fraud.
caps.fool.com
There is an obvious pattern when researching “The Street Sweeper.”
In my opinion, Melissa Davis clearly is into tabloid journalism. She wraps her arms around Jim Cramer and then shorts a stock when he trashes it on his show.
Consider this from www.investorhub.com. “I find it interesting that Jim Cramer has his arm around Melissa in a photo on the TheStreetSweeper.org site and he slammed SWSH shortly after her article. How many shares did he short?”
Cary Spivak wrote, “Short on Ethics? Two Web sites that investigate business fraud are funded by short selling—placing market bets that the stock of companies they write about will go down. It’s an approach that makes journalism ethicist very uncomfortable.”
Apparently, Melissa is in plenty of bad company. There are several web sites masking themselves as investigative journalism whereby struggling journalist have discovered that by shorting a stock prior to their story, they can get rich quick. Barry Minkow has made his living doing this after his stint in prison. I read his book several years ago, called “Cleaning Up”.
Melissa's web site partner is Hunter Adams. “Hunter Adams, the brains behind The Street Sweeper (thestreetsweeper.org), helped launch the site last year, just eight years after federal prosecutors labeled him an associate of the Gambino crime family in New York. Adams, who was convicted for his role in a massive "pump and dump" scheme involving penny stocks, is still on federal probation for his crime. “
I find it rather hypocritical that Melissa cites BRLI as having ties to the Gambino family when she herself is working with Mr. Hunter who did prison time for his association with the Gambino's.
After reviewing several of Melissa's articles, they all follow the same pattern. Short a company, then use the internet, youtube, media, etc to profit by shorting it.
I think BRLI is oversold. I'm not interested in anything Melissa Davis and her cronies at The Street Sweeper are saying by profiting from tabloid journalism.
I'm going to watch "The Tools." Phil mentioned using an Option Strategy called a Strangle that could be effective. Even something as simple as a basic CALL option may be helpful if indeed BRLI is at the bottom.
I'm more inclined to listen to our BRLI Sales Rep's opinion of MANAGEMENT, my wife's belief in BRLI's MOAT and the MEANING it has to her, and my understanding of its MOS.
To Your Wealth!
Garrett |
