To: Suzanne Newsome who wrote (33854 ) 8/23/1999 2:33:00 PM From: Zeev Hed Read Replies (3) | Respond to of 44908
Suzanne, unfortunately, that is true. I am a veteran of another hype campaign, in which the lead hypist always finished his posts "If you are not long you are wrong", and the group of bulls published every weeks the billions the company is worth (money in the ground), that company is IPMCF, and I know personally of 10 individuals that despite all the warnings, and the SEC documents claiming time after time the "going concern" escape clause, and despite my relatively constant warning of the eventual demise (but I never guessed actual chapter 11, unfortunately, until almost the end, do Fred is quite right, I was wrong more than once) lost more than 25% of their retirment money. Suzanne, you have to understand that people like Gordon are experts at human nature, they know how the greed sirenne influences people. When you write your "forecasts" of $20 MM fromm LL and another $2 MM here and another few millions there from a long lists of "deals", they do not want to pay attention to your end statement that says, it is risky, management has been known to fuck up every outfit they have been involved with, read the SEC etc. They read this as a CYA statement and disregard it and keep averaging down. In situations like that, averaging down has the impact of concentrating one's assets in the worst stock one owns. The reader does not want to look at the details of your analysis, and because you are a very nice lady, they'd rather not criticize it in public. So, they do not notice that to achieve your numbers from LL 5 MM kids (10% of the total school population age 6 to 18) will participate through the LL deal), while not even 5% of the total kids population in the US participate in these charity drives. Yours, REW and Fred's word have a great impact, it is much easier to believe soothing words that "everything is going to be alright", "next week we get financing it is not floorless" than listen to prophets of doom and gloom. So they listen to you and pluck their money away. Suzane bought Friday at $.058, gee, how can I lose buying today at $.052? Zeev