To: tinsoldier who wrote (2705 ) 10/20/1999 5:04:00 AM From: slaffe Read Replies (1) | Respond to of 2994
Alas, don't worry and be happy now. SI ain't gonna get another dime outta me and my membership is up it November. One of the things that i like about SI is the fact that it is a pay site. Imho, this keeps out a lot of the riffraff, multiple aliases etc. However, some do manage to slip through the cracks and wind up here. I bid you adieu tinsoldier, perhaps you may find the yahoo message board more to your liking. I had the pleasure to meet Jeffrey Hencken and Brenda Greer this last spring. It was at a rdim (then) conference in Las Vegas. I must admit that I crashed this conference giving no advance notice to anybody before attending. I didn't think that I would be able to attend due to my work schedule, but was able to get away at the last minute and was able to attend 1 day of the conference. It was very difficult as I live in Phoenix and after working a full shift i made the six hour drive to Las vegas and attended after being up for the last 36 hours. I also meet a large shareholder there by the name of Drew Connelly. Drew spoke at lenght and with great disdain about message boards such as this one. According to Drew, Byit, has a young emerging company does not need the flippers, daytraders or the hype associated with these types of boards and otc BB stocks. When Jeffrey spoke, it was apparent to me that has the representative of silicon investor (thats how he introduced himself) that he carried little clout at the meeting and many there were uninterested in anything to do with message boards. Brenda, on the other hand was very quiet and I got the opinion she was much more respected, had more clout, etc. Perhaps a larger pp holder? I do not know. During the lunch break, Jeff invited me to his table which we shared with quite a few people, perhaps eight. I found Jeffrey to be a very likeable guy, imho, straight forward, honest and he has my respect. The same goes for Brenda. Brenda explained to me why she rarely posts and since then I have limited my postings for roughly the same reasons. Those reasons are as follows. 1) having to waste my time responding to the likes of you. 2) having every little post questioned. 3) message boards are imho, not the place to consider one's DD to be contemplated. At this luncheon was a fellow that while I have forgotten his name, I have remebered his words. He was a wall street type guy and was wearing a very interesting tie, with ticker tape and bulls and bears on it. He words was that those who base their investment decisions solely upon message boards deserve whatever they get. While I certainly got the swan song from JF and others at this meeting and I left feeling very bullish, I bailed out of rdim shortly after this meeting. My reasons for bailing were. 1) Jf downplayed the asian connection that was alluded to by Alan Bell in the conference call last spring. 2) declining stock price. 3) lack of investor confidance or increasing stock price on good pr's. 4) missed deadlines. 5)increasing float. Hence I escaped this debacle unscathed. Has a matter of fact, I even made a few bucks. Byit is still on my watchlist and I continue to monitor the company and will perhaps reenter in the future as I do feel that the company has promise. In short, I feel no absolutely no animosity towards Jeffrey, or the investright club. Imho they are a group of investors that specialize in high risk stocks and with that understanding in mind, one has to determine one's own level of risk tolerance. To listen to Dave Dalry's whining and bashing of Jeffrey is disgusting. Fatt Matt hit the nail on the head. This is Wall street. Losses happens--as well as gains. If one is willing to invest in these types of stocks without doing one's DD as I did in driving to vegas one night last spring and suffering tremendous exhastion to determine if I had made the right decision, then one has no business investing in these types of stocks. while i continue to monitor the message boards, I do it for amusement, to pass the time and also to get ideas on things that I might not have been aware of. When I see something posted that piques my interest, I then do my own DD to determine if I wish to invest. I think a fine example of this was Daniel Millers pick last spring of citi. everybody was bashing Danny for being a p&der. I bought citi at 1 11/16. It immediately went to 1 1/16. I bought primarily because I liked the fundalmentals of the company. Danny was bashed pretty hard for this pick. look at them now, closed today at 2 11/16, not a bad percentage gain. Steven J Lafferty