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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Eric P who wrote (780)	6/15/1999 7:44:00 AM
From: AugustWest	Respond to of 18137

chad appears to be working it alone. almost seems innocent(red flag) But when someone signs on with multiple accounts, or has friends with accounts, this can look even more impressive as there seems to be support from other traders/investors. If there are only a few people posting on a thread, and you look at their profile, and see that's the only place they post(or only promote thier stock or site on other threads), you might have cause to be suspicious. *Careful of people telling you they already made 100%(or something terrific), and expect to at least double from there.

To: Eric P who wrote (780)	6/15/1999 8:48:00 AM
From: JavaAdict	Read Replies (1) \| Respond to of 18137

Good observation. I am Newbie at this. I WAS obviously using board for first time, and now, learning board etiquette the hard way. If it makes you feel better, I have received other negative feedback, and contacted SI myself to make them aware of my misunderstanding of what is appropriate and what is not. I only meant to make others aware of a Group opportunity that I have benefitted from and felt others might as well. The person making the picks offers up good DD, and encourages us to do the same. But if it makes you feel better, bash away. However, I will be more careful in my respect for your's and other threads, and the idea that I am some big proponent of "Pump and Dump." Never would intend for someone to dictate their portfolio by any means with this "group," but felt that if someone had some "play" money, it might be worth checking into......... Signed, Duly Admonished

To: Eric P who wrote (780)	6/15/1999 9:31:00 AM
From: ynot	Respond to of 18137

I post Reply #784 about my P&D experience...eom ynot :)

To: Eric P who wrote (780)	6/15/1999 1:03:00 PM
From: -	Read Replies (2) \| Respond to of 18137

<Pump and Dump> Eric, an excellent, spot-on summary. I might add one other point: "Pump and Dump" (stock manipulation) on the internet (or elsewhere) is ILLEGAL. And, the SEC is very aggressively monitoring these boards for this type of SCAM activity. To engage in it, not only do you need to be not very smart, dishonest, and foolish... you need to be willing to go to jail. Which, would be the appropriate treatment for those involved in pushing such schemes. The general public assumes, through reading articles in the newspaper, that these boards are "all about" that type of activity. Which is not really true at all! What you have here, for example is a thread populated by people working earnestly to make profits honestly by exchanging information about good trading practices. "Trading well" is a perfectly legal activity, it drives a good percentage of the U.S. Economy! And that is why this type of post may tend to be blasted off the thread in a hail of cyber-bullets... it's the worst form of pollution. Good trading, -Steve

To: Eric P who wrote (780)	6/16/1999 2:47:00 AM
From: Bilow	Read Replies (1) \| Respond to of 18137

Hi Eric P; About that pump and dump, and other illegal activities... Was it last week's Barron's had the article about the people who bought LCOS or options when they found out that IBM was buying them at a premium? Seems like the SEC took several million dollars out of the hides of the likes of plumbers, secretaries and computer operators... People who bought on a tip, but without the knowledge that the tip was based on inside information kept their profits, but those who gave them the tip had to pay back the SEC for their tipee's profits. (Ouch!) Plus penalties... Regarding possible pump and dump on the SI, my suspicion is that it happens. I noticed the following three items from Menion, (who seems to be somewhat similar in writing style to JavaAdict). APPI, began late on 6/3/99. Ran up two days, now $0.50/share, somewhat below the entry price: tscn.com PHPC, began late on 6/10/99. Ran up two days to well above a dime, now sells for a nickle: tscn.com CENV, began early on 6/14/99. Ran up failed, stock never got higher than a bit over 90 cents. Now sells at $0.593: tscn.com Menion's personal profile (for SI members only) gives you the original links suggesting these investments: Member 7369908 -- Carl