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To: peter michaelson who wrote (160)10/30/1999 9:00:00 PM
From: afrayem onigwecher  Respond to of 924
 
There could also be a money motive for the speculation. Any public mention of such a small company, pro or con, can have a huge effect on the price of its stock, and both company boosters and critics may have a lot of money at stake.There are many other techniques they use but the above are the most popular.

This technique works about 9 times out of 10 particularly in a BB market. However that is because 9 out of 10 BB stocks are BS. Remember what I said above. Most MM's don't have a clue as to the value of a Company until they get trapped. If the Company has solid fundementals and a bright future. Then the stock will do very well. And the activity that caused the situation will prove to even help the future stock activity because it created an audience."



To: peter michaelson who wrote (160)10/30/1999 9:26:00 PM
From: afrayem onigwecher  Read Replies (1) | Respond to of 924
 
STAGES FOR THE DEADLY ART OF STOCK MANIPULATION
The Short & Distort Scheme

Stage I: Monitoring

In stage I of a Short & Distort scheme Short groups Monitor spikes in volumes on stocks with no rumors.

Stage 2: Flagging

Shorts Flag stocks that run up then sits back and wait patiently for their time.

Stage 3: Preparation

The Shorters research the company and develop their Distortion of the rumors to be used later.

Stage 4: Actual Shorting

The shorts step in selling on every possible up tick. This is the Reverse of front loading. Preparations are made to attack the guy who had earlier written positively about the company and take out, discredit, any new long-term champions or messengers.

Stage 5: Distortion Campaign

The shorts step in and increase selling on every possible up tick. Just as with the pump, newsletters, e-mail, PR firms against P & D, etc. are simulated. Expertise in the field is recruited for credibility. Any possible twist using POS (Purposely Omitted Syntax) and PAS (Purposely Added Syntax) is conveniently used on every possible angle. If the POS/PAS is discovered then attack the messenger. Above all control the message boards.

The group clutters the message boards so no positive information can be readily found. Justification is the Value of the Company in the market. Projections of $0.00 worth and loss projections of 100%

Note: The market manipulator will do everything in his/her power to keep buyers OUT OF THE STOCK. Cut your losses is touted to stimulate fear. You bought higher but now they need you to sell lower.

Stage 6: Pressure

The shorts have taken it too far. The volume is increasing and the price is not effectively dropping. A stalemate occurs. Personal attacks increase. Threats of legal action, SEC involvement, and yes even death threats increase. Increased secret IDs are employed to increase the cluttering, personal attacks and the distortion. So begins a string of lies that run for as long as one's stomach can take it. Desperately playing on the "you have been had" scenario. Any new news will be hit it hard by shorters to kill any interest.

Note: Watch the volume not the share price. A market manipulator will have various brokers buying and selling the stock to give the APPEARANCE of increasing volume but the price goes down. Thus stimulating the story the company is selling or an off shore reg S or other convenient scenario. Watch for large blocks that show up but have a MM special code, cross overs, etc.

Stage 7: The Cover

Without warning the buying pressure is too much and the short begins to cover. Short covering combined with new investors buying into the stock causes the stock to go up. Often the whole thing starts again. Just a vicious cycle sometimes.

--------------------------------------------------------------------------------

Note: Pump & Dump schemes I have seen are investigated by the SEC most of the time, however the Short & Distort scheme is not apparently high on the SEC's agenda. The shorts, unlike the dumper though, has an unlimited loss factor should the stock price go up.
Remember this is just my personal opinion. Check with a licensed financial professional on all matters of the stock market.

Credit for post to Ga Bard






To: peter michaelson who wrote (160)10/31/1999 1:03:00 PM
From: afrayem onigwecher  Read Replies (2) | Respond to of 924
 
Strangers Speculate About 214 Feared Dead in EgyptAir Crash
Bodies, Debris Found Off Nantucket Island

By Press

BOSTON (Oct. 31) - An EgyptAir plane with 214 people on board crashed at sea off the island of Nantucket early Sunday on a flight from New York to Egypt, and bodies and wreckage were found in the water.

EgyptAir Flight 990, a Boeing 767, plummeted from radar screens while heading to Cairo on a flight that originated in Los Angeles.

Debris was found about 60 miles south of Nantucket, Coast Guard Rear Adm. Richard M. Larrabee said at a midmorning news conference in Boston. He said the operation was still considered a search and rescue effort.

'The initial report was we had found seats, seat cushions, the flotation devices on the aircraft, life rafts and some other small parts that are not identifiable,' Larrabee said.

More than one body had been found by late morning, said Robert Kelly, aviation director for Port Authority, which runs New York's Kennedy airport, at a news conference in New York.

At a news conference in Cairo, EgyptAir head Mohammed Fahim Rayan was asked about reports that the Federal Aviation Administration had warned his airline about a terrorist threat. He said: 'We take all precautions and we have plenty of warnings from everybody, including the FAA.'

A U.S. intelligence official said at midmorning Sunday that agencies were pursuing the possibility of sabotage, but 'There's nothing to immediately point toward that.' Another official said there had been no recent threat that seemed relevant to the EgyptAir disappearance.

Rayan and Larrabee said they had no knowledge of any SOS from the crew.

'Contact with the plane was cut suddenly which indicates that something happened suddenly,' Ibrahim el-Dimeiri, Egypt's minister of transport, communications and civil aviation, said in Cairo.

It was the airline's first fatal crash, Rayan said.

Armed security guards routinely fly on EgyptAir flights. After the airline's passengers go through the normal airport security check, they are again subjected to baggage search just before they board the aircraft.

There were 199 passengers on the flight, including two infants, plus 15 crew members, the airline said.

Rayan said the passengers included 62 Egyptians, two Sudanese, three Syrians and one Chilean. There was no record of the nationality of 131 others, and Rayan said he believed some of those were Americans.

Flight 990 took off from New York's Kennedy International Airport at 1:19 a.m. EST and disappeared from radar at 2 a.m. while flying at 33,000 feet, said Eliot Brenner, chief spokesman for the FAA in Washington.

An official familiar with air traffic control, who spoke on condition of anonymity, said controllers in the Boston Center in Nashua, N.H., who were observing the flight but not directly controlling it, saw the plane when it was at 33,000 feet.

The controllers said that during a second radar sweep 12 seconds later, the plane had dropped to 26,600 feet, and in a third sweep 12 seconds later, the plane was at 19,100 feet - a drop of 13,900 feet in 24 seconds.

At the time of the disappearance, the plane was being controlled by the New York Center in Ronkonkoma, N.Y.

Weather at Nantucket was clear with 9 miles of visibility and wind of 9 mph, the National Weather Service said.

Larrabee said the search conditions were excellent with 2- to 3-foot seas, and a water temperature estimated at 59 degrees.

The Navy was preparing to send the USS Grapple to the site, according to an administration official in Washington. The Grapple, based at Little Creek, Va., is a search and rescue vessel that participated in the recovery of John F. Kennedy Jr.'s plane off Martha's Vineyard this summer.

The EgyptAir plane was on a route similar to the one taken by Swissair Flight 111, a McDonnell Douglas MD11, which crashed off Nova Scotia on Sept. 2, 1998, killing all 229 people aboard. Planes on that route fly from Kennedy to Nantucket, then turn north to Nova Scotia and Newfoundland before heading east across the Atlantic.

At Cairo Airport, relatives and friends gathered to await news.

A Cairo travel agent, Ala Mansour, said he was planning to pick up a couple from Montreal due to arrive on the flight. 'This is very bad news,' Mansour said. 'I was just going to the airport to meet my clients.'

And at Kennedy, two families had gathered at an airport hotel, said James Devine, a Catholic chaplain at the airport. One family was Egyptian and the other American.

'They are really in shock,' Devine said.

The plane was a Boeing 767-300ER delivered to the airline in September 1989, said Boeing spokeswoman Barbara Murphy in Seattle. Rayan said the plane had 33,334 flight hours and its condition was 'good'

EgyptAir, founded in 1932 as Misr Airwork, has a fleet of 38 planes and flies to some 85 airports around the world.

Critics have called for the privatization of the company, one of the oldest in Africa and the Middle East, amid reports of bad management and bad service.

Sunday's crash comes after the Oct. 19 hijack of an EgyptAir flight between Istanbul and Cairo. That hijacking ended peacefully in Germany where the hijacker was overpowered; none of the 46 passengers on board was harmed.

The Boeing 767 is a twin-engine, wide-body passenger jet that went into passenger use in September 1982.

Previously, a Boeing 767 crashed on May 26, 1991, in Thailand. The Lauda Air plane went down after one of its engine thrust reversers accidentally deployed during a climb, killing all 10 crew and 213 passengers.

In addition, an Ethiopian Airlines 767 crashed near the Comoros Islands on Nov. 23, 1996, while attempting to land after being hijacked. Ten of the 12 crew members and 117 of the 160 passengers were killed. The three hijackers apparently died.

The United States airline industry had a fatality-free year in 1998, but this year an American Airlines jet crashed at Little Rock, Ark., killing 11 people.But those worlds may have collided violently. One focus of the investigation is their business dealings, including the possibility that this people recently became involved in a bitter battle over the stock of a company called MSFT - MICROSOFT CORP., whose partisans and detractors have been slugging it out on the Internet. The fledgling company says it has an innovative new computer technology, to be demonstrated soon, but its most salient feature is a stock price that has zoomed from $50.00 in october last year to more than $94 Friday.

Traders who were betting that the price would fall say that they have told investigators that this people were helping them, and that they feared that he and this people had been killed because of that help. Law enforcement officials and stock regulators must determine whether this is a hot tip or the kind of paranoid fantasy not unknown in the no-holds-barred world of the small, risky securities known as penny stocks.

There could also be a money motive for the speculation. Any public mention of such a small company, pro or con, can have a huge effect on the price of its stock, and both company boosters and critics may have a lot of money at stake. On each of four days last week, more than 30,000,000 shares of MSFT - MICROSOFT CORP changed hands, most at prices above $90.

MSFT - MICROSOFT CORP officials said they had never heard of this people . "These people may have been doing penny stock -- and our company is not one that is a hot company," said , the chief executive of MSFT - MICROSOFT CORP.