To: Matt Brown who wrote (45169 ) 10/13/1999 11:32:00 PM From: If only I'd held Read Replies (2) | Respond to of 122087
May I Reply??? Matt, the reality is, if Anthony shuts down Joe's operation, he will wind up with less trading opportunities than he has now. At least, on the short side. Do you have any idea how many people that are "NOT" part of Joe's clan are getting burned by the incessive pumping and dumping that goes on from Joe's operation?? Think about all the investors both seasoned and unseasoned that have come on-line to monitor their holdings as well as look for other investments, or trades in the past 2-3 years. Fact is, most folks have never even heard of Tokyo Joe. But they see a stock "headed to the moon" and they think they just got in the "big one" only to see it come crashing down after they jumped in late to the party. The volume that comes from his crew can be tremendous. The thing is, it's out of control and it's causing a lot of folks to get burned in many ways in this market. I have had to stop my grandfather from buying his picks at least 3 times this year. FNCM, KOOP, and RRRR are 3 that I can remember explicitely. He sees them mentioned and highlighted on CNBC when they are screaming up on huge volume and he thinks they are goldmines. And the talking heads on CNBC most times just sit there looking dumbfounded and shrugging their shoulders about "why" the stock is really going up. This stuff is junk and his "crew" is just manipulating them silly on Joe's big words of wisdom about how it's going to....20, 30, ?? Look at the charts on any one of those 3 stocks above, and tell me this guy didn't play a huge part in those messes. This is a market. Tokyo Joe is using other people's money to manipulate the stocks in it in his direction. He is just (1) of a huge number of them. He is probably no worse than so many of these pump and dump analysts that are basically doing the same thing. (Except of course, that he is charging folks some 100 bucks a month to get crap advice like "stop scalping" and "it's gonna hit 14 after lunch") Is he doing anything wrong?? When an analyst screams "buy" and then proceeds to unload their inventory, is that wrong?? Darn right it is man !! Anthony is doing every SI member and every SI lurker, as well as anyone that we can help, a great service by telling it like it is. He doesn't just short Joe's picks. He shorts all kinds of junk. When he announces he is short a stock, he generally tells folks who is behind the "madness". It might just so happen that Joe manipulates a lot of junk so you see a lot of him out of Anthony. Joe's operation will eventually fizzle, because as you said, "If enough of the Tokyjoe sucks gets around then people don't follow him..if people lose money, they don't follow." Hah, not only will they not follow him, they will avoid him like the plague. I love all this publicity the guy is bringing to himself. That's a good sign that his days are numbered. The last thing he needs is for too many people to become aware of him. Once folks know that Joe is behind things, they know that they could get crapped on at any second, so they will stay away from his picks. And he will slip away peacefully with a big wad of cash, take a little vacation, and then come back and try it again. I would also be willing to bet you big that Joe's turnover rate goes far beyond just Rande. I'd bet there are literally hundreds of folks that left that room with less than 1/2 of what they started with. He ain't spitting out anything you can't get from a good book, or that someone hasn't already said. Hah, he was calling for the dow to drop to 9,400..so what..if he is off by a few hundred points will it matter?? Anthony called the market a bear in what..early August?? Joe is the epitome of "pump and dump". He is doing it great. He's got a little while longer to play the game and then he will be stopped out. You and everyone else better be thankful for guys like Anthony that are telling it like it is. Think of how many people he has kept from losing their shirts on junk. The only ones that lose are those that don't listen. When he says a stock is junk and that it is going up simply because it is being pumped by "trash", there is nothing to argue about. Just listen. Think about the big picture. There are those that know right from wrong, and there are those that don't. Some folks, like Anthony, just can't help but try to keep on the straight and narrow and do the right thing. And telling the rest of the world that they could be in for an asswhipping on their investments because it is being pushed by a pump and dump artist is the right thing to do. I hope he is making a killing doing it too, because it's nice to see the straight guy come out on top. It doesn't always go that way. Did you ever wonder just how much potential there is for "criminal" activity with a guy like Tokyo Joe? Did you ever wonder whether directors and "insiders" of companies might have meetings with the famed Tokyo Joe where they might...say...slip him an envelope full of cash to push a stock so that they could cash out? These situations just BREED criminal activity. I wonder about such things. What does Joe give back?? Does he ever give anything back?? Does he do anything for anybody but himself? Does he care at all about the folks that wind up on the wrong side of his trades? If wrong-doing is ever proved, will Joe be remorseful? Go study FNCM real hard. Start in March. It was a splendid short for me.