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To: Bilow who wrote (48029)7/27/2000 8:48:39 PM
From: Bilow  Read Replies (2) | Respond to of 93625
 
Hi all; A Proved Basher Tries to Justify His Crime!

Excerpts:
It's a truism on the boards that anyone who has anything critical to say about a company must be a short-seller (an investor who has placed a bet that a stock will go down rather than up). Perhaps this is true. But many basher-bashers have also convinced themselves that most stock critics are the minions of vast (usually unnamed) short-selling cabals that pay handsomely for pessimistic posts. Various documents purporting to explain "How Bashers Get Paid" circulate widely. One claims that bashers are paid (by whomever or whatever it is that pays them) according to the number of replies their posts generate. "A basher will attempt to milk three to five replies per post at one to two dollars each," says the anonymous text.

Basher paranoia is somewhat more understandable on the penny-stock boards, where stock manipulation is rampant. But there the real problem isn't the bashers--it's the boosters. In a pump-and-dump scheme, hypesters buy a worthless stock, tout it incessantly and then dump their holdings for a quick profit after enough suckers have piled on. Strangely enough, while the Securities and Exchange Commission has brought plenty of cases against Net pump-and-dumpers in the past few years, it has yet to find a single bash-for-pay conspiracy in action.

money.com

-- Carl