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To: Teresa Lo who wrote (5314)	8/21/1999 1:37:00 AM
From: Wayne Rumball	Respond to of 8858

Well I'm done Maybe someone that actually owns this issue will defend it If not I'll just pick up the pieces

To: Teresa Lo who wrote (5314)	8/21/1999 2:14:00 AM
From: Wolff	Read Replies (3) \| Respond to of 8858

IntelligentSpeculator you have set the record straight, clearly OTC:BB are not shortable in most if not all of the Canadian brokerage firms, just as you say. Why some people insist on posting over and over they can short OTC:BB stocks is beyond me. I simply say let people believe what they want, clearly the facts won't convince these posters. So I urge you all, just let it be. What happened to SNMM happened to SNMM, but whatever it was, it occured by their own hands, and not by any posters here. 18 month investigations take a little while to undertake, about a year and half actually. So I urge the posters here to just, chill out. No posts here will either effect your portfolio or the price of the stock, its out of your hands, and this is wasted effort. The best way to understand what will happen to SNMM is to read the Press at this point. Last I checked the police did not have specific charges yet, this could be a real media drama, the kind of drama that takes you attention off the other stocks. Peace

To: Teresa Lo who wrote (5314)	8/21/1999 2:17:00 AM
From: Teresa Lo	Respond to of 8858

Another good post found on the net on SNMM Please understand that the people who do OTC BB deals are very sophisticated, backed by large firms, who grew up crafting these deals. The cost of the cheap paper to insiders, market makers, brokers and promoters is less than a dime. Yes, the "fundamentals" were "different" this time, but it's always different this time.... The chart is always the same...it was the same for BIGG, Amazon, Bre-X and now SNMM. But each of these stocks made a parabolic rise and a broken parabolic is a broken parabolic. I found a good article on this subject intelligentspeculator.com I lurk in a neat chat room and watch them trade all day. On the day after the bounce from the first fall, on July 28, the lady who hosts the chat (who was once a trader at one of the big Vancouver firms and now trades S&P futures) advised someone who asked about SNMM to step aside because the chart was broken at $17! She told them that the break of the low of the bar marked "harami" on the daily chart was the end of SNMM. intelligentspeculator.com You see, charts are like pregnancy tests. We can administer the test to all sorts people - short people, young and old people, men and women, even animals - but it only goes blue when a woman is pregnant. So while the fundamentals were supposedly different <em>this time</em>, the chart, with its narrow scope because it is an unbiased tool showing only the price and volume, diagnosed a doomed stock, regardless of the fundamentals. Today, during the day, she visited a couple of chat rooms at Yahoo and said - "12:47 pm EST - She Said: Why do people insist on trying to catch the falling sword??? It's insane but they do it all the time...it must be the thrill..." intelligentspeculator.com "02:30 pm EST - She Said: Like I said, why play catch the falling sword? Always bet on the side of GRAVITY." intelligentspeculator.com One thing they told us a long time ago: Price and volume never lie. We can feel free to take shots at whatever stocks we like, but we must implement professional risk and money management techniques to stay alive. There appears to be no shortcut to riches. There's a good article risk and money management here intelligentspeculator.com The post in context -- ragingbull.com