To: Anthony@Pacific who wrote (39731 ) 7/1/1999 11:38:00 PM From: SDR-SI Read Replies (2) | Respond to of 122087
Anthony: I have never posted to your board before, but have lurked often and watched your screening and decision making process, which is generally well informed, to try to learn from it. I was quite surprised and shocked to see you report a decision to short WAVX, a stock in which I am invested. I was even more surprised to see how and by whom WAVX apparently came to your attention. If you have made a decision to short Wave based upon the indication from your own DD that it is a volatile stock, and that you feel it's claims of imminent deployment are baseless, then that is something with which no outsider has a right to dispute you. If, however, any part of your decision to short Wave was based upon information supplied by the new SI poster using the screen name EKN ( a proven multiple-identity, attempted price manipulator on RB), then it might be wise to reconsider whether or not you might have been sucked in by someone with an agenda other than just good investment advice for a shorting opportunity. Your EKN source has this evening posted the following on RB at:ragingbull.com * * * * * * * * * * By: J_99 Reply To: None Thursday, 1 Jul 1999 at 10:06 PM EDT Post #47586 of 47596 Hemlock-- thanks for demeaning my wife and kids AFTER I pledged to leave. Simple terms, leave me alone. You couldn't do it. nOw deal with it. And those are the nastiest, well funded shorts around. * * * * * * * * * * He has posted previously indicating that he would seek retribution against persons involved in Wave who have previously caught him in a duplicitous attempt to maneuver stock price to his personal advantage. He has admitted to having personal problems which affect his mood swings and posting proclivities. Although many would find it hard to believe that he could put the details together and follow through on them, rumor has it that he has attempted to get you to short WAVX, while he continuously and emphatically hypes HAUP, with the intention of performing a hype-based mini-arbitrage by buying WAVX after your shorting has an effect, and simultaneously shorting HAUP. I'm not sure how one could get the numbers to work if both move in the same direction, which is likely; but that's the rumor - that your actions will make him money and get retribution on Wave investors at the same time. Again, if your own extensive DD makes Wave a good short for you, and if your experience indicates that you could probably cover quickly enough to move out of the way in the event of a significant announcement, then one cannot fault your approach. But if information provided by a proven manipulator with a specific, dubious agenda in mind entered into your decision, it would be best to be circumspect. I believe that the general quality of your DD is above being manipulated, but sometimes things slip through the cracks. Steve