Mr. Pink's Picks: selected event-driven value investments Message Board

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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Mr. Pink who wrote (3091)	9/18/1998 11:10:00 AM
From: Cube	Read Replies (1) of 18998

Mr. Pink Great article. The "business" FP is in reminds me of the classic pyramid scheme. Think of it, this is not MSFT where you are selling world class software and upgrading them. Not LU where you are re-inventing telecommunications all the time. This is an outfit that has to resort to near fraud and telephone solicitation just to sell their product. A product, that almost by definition, means that the person that needs it probably can't afford to pay for it. And what happens when this pyramid collapses, i.e., what happens when you've reached all the customers that would fall for such a sh!tty product? After they default, will you try to sell them an upgrade? Will you try and re-invent another even worse product? How can you expect to grow this kind of business over the long term? Answer, there IS no long term. These guys are in the business of running the stock up and getting out before the shorts find them. I am short at 27, and if it gets back there, I will add to the short. If FP is bought, I will short the hell out of whoever buys them. This pyramid is going down. Cube

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