this is precisely the type of thing that I have monitored against. There has been so much crap posted on these boards by A, then B, C, and D run w/ it as complete and utter gospel
So tell me, O truth detector, how many times have you corrected someone on the Yahoo board that erroneously stated that the NYSE listing is a done deal?
why would somebody not want to know the real scoop
Of course we'd love that. Let us know when that actually comes out.
I don't think it was hype. The co. believed that its stock was being manipulated, and to help curb this, the co. decided that a move to the NYSE was prudent.
Well, that's your side of it to be sure. Of course, the move to the NYSE, assuming it's happening, doesn't clear LBOR of any of the allegations against it, another fact which your followers on the Yahoo board don't seem to quite have straight.
The biggest problem with your "nothing to see here, move along", is that you have to believe that LBOR was somehow chosen for targeting at random out of the thousands of small stocks out there. Right there that cuts your odds back by three orders of magnitude.
Or perhaps you have a better theory. If LBOR is this squeaky clean outfit without a trouble in the world other than what has been manufactured by some sort of short-selling conspiracy, then how is it that LBOR came to be targetted in the first place? Was there at one moment a dart that, had it wafted a few millimeters higher, would have meant that we would be having this discussion about Labone Inc. instead?
I've recently acquired a copy of an investing classic called "Reminiscenses of a Stock Operator", by Edwin Lefevre, aka Lawrence Livermore. Despite its age so many of the tenets within still ring true today. Chapter 18, the story of Tropical Trading, in particular, sounds like something right out of Mr. Pink's playbook.
But in particular I would direct your attention to the last two paragraphs of Chapter 15. 75 years and a Great Depression have done nothing to diminish the truths behind the notion of the "bear raid". |
