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Pastimes : Grinders and Gripers Coffee Shop
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To: The Osprey who wrote (93)6/25/1998 9:06:00 AM
From: Buckey  Read Replies (2) of 4201
 
Osprey; I have read this thread sporadically ( not all posts) and I too also get the McDo letter. My personal strategy with any person, letter, etc is to note their picks, tips and track them for a while and then try to determine if this person is on the level, gives good info.

I will reserve judgement at this time on the entire McDo concept as I am not convinced it is bad concept nor am I necessarily convinced that there may be a hidden agenda. Matter of fact, when it comes to the spec market I do not trust anyone.

My priest could whisper a tip to me in confessional and I would still assume he was an insider trying to run it up.

My gripe has been well documented on PLAS as one of the few OTC CDN stocks I was so foolish as to get involved in. The gripe is not with the company but with the MMs and the general lack of info on the trading and lack of regulation. I suspect that many of the trades we see are BS jitney or otherwise false trades.

I also have documented my long list of reporting shortfalls with the various exchanges. In today;s electronic age - the following should be reported in realtime:
1. - registered insider trades - NOT 30 days later
2. - differentiate between broker and client trades
3. - short sales and short coverings
4. - Who lent the shares for the short
4. - Mutual fund transactions

Wishful thinking I know - The playing field is so slanted to the insiders and the brokers
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