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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Bob Davis who wrote (22916)7/28/2000 9:14:00 AM
From: Bob Davis  Read Replies (3) | Respond to of 25711
 
Joe,

By the way, I share your concerns about how the OTC Bulletin Board market conducts business, and I appreciate the efforts being made by many entities to force greater accountability and stronger controls over this segment of the market.

Bob Davis
The Napeague Letter



To: Bob Davis who wrote (22916)7/31/2000 9:04:27 AM
From: Gator  Read Replies (1) | Respond to of 25711
 
Mr. Davis,

How can you even pretend to say that you have conducted due-diligence on your "Suspicious Stocks" writeups, when you haven't even bothered to call the companies to verify or clarify facts? On two recent writeups (ETCH and VITC), many of the so-called "suspicious" items could easily be explained had you taken the time to call the companies to properly research items you found to be questionable, such as VITC's SEC investigation (which, by the way, involved former management, not current management, and has been fully addressed by the company so there is hardly a chance that the SEC would stop trading on the stock as you so recklessly implied) or ETCH's acquisition targets or financial statements (which again could be explained had you taken the time to actually conduct proper due-diligence and contact the company, and by the way, your math was wrong in your article).

Even reporters with the Enquirer do a better job of verifying facts than you do. You present one side of the story based on incomplete information skimmed from very few sources, and then you make assumptions based on your incomplete information. What you are doing is irresponsible, reckless and hurtful to the companies and their investors. I don't think you feel that you have to be held accountable for what you write, but that is going to change.

Gator