ragingbull.altavista.com
NEWBEES-its a jungle out there-a must read
im a public information board, post me often
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showcase.netins.net = a must see web site!!!!!!
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“BASHERS”-ELECTRONIC PIMPS OF THE INTERNET—UNDERSTAND THESE CONS FOR WHO THEY ARE
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there paid, low life jerks who just cant do anything else but endlessly type prescripted crap
supplied by mm’s or “market makers”(another word for crooks)
these mms or crooks have usually naked shorted your stock and are doing everything their slimy minds can think of to drive the share price down, so they can make piles of your money. yes, your money.
do your own research(dd) and make up your own mind and please learn how to ignore these scumbags..
there are many reputable ,excellent research sites on the net for you to go to. a few of them are:
host.cnbc.com
quicken.excite.com
iexchange.com
131.103.245.21
COMPLAIN OFTEN TO RAGING BULL ABOUT THESE PESTS.ALSO COMPLAIN TO THE SEC(EMAIL = enforcement@sec.gov), THEY MIGHT PUT THEM IN JAIL AS WELL AS BAN THEM FROM THE INTERNET.
OTCNN.com 07/07/2000 09:10 AM CST (This is the latest in a series about MMM – Market Maker Manipulation, and related topics. If you have facts about MMM, please e-mail them to burney@ev1.net.)
If you have a nasty disposition, an undefined anger at the world in general, and a gift for venomous verbosity, here’s the perfect job for you: Paid Basher for the MMs. Any illusion that such tactics are beneath the MMs was shattered recently when a Florida court issued an injunction again one of the defendants, "Cats3," in the lawsuit filed by QuestNet Corp. (OTCBB: QNET). "Cats3" turned out to be Jerome Waunjohn Rosen, senior trader with J. Alexander Securities (ALEX), a major market making firm. Rosen was enjoined from "publishing any false and defamatory statements concerning QuestNet and its current and former officers, directors, and employees in any manner," and from "interfering with any contractual/business relationships between Quest Net and its employees, customers, suppliers, consultants, shareholders and/or investors." Now, InvestAmerica (OTCBB: INVT) has subpoenaed Raging Bull to identify 14 INVT-bashers who posted on RB’s message boards, and is waiting for the response. "Purpose of the suit," said Bryan Kitts, director and secretary-treasurer of INVT, "is ultimately to find out if any of these 14 bashers is employed directly or indirectly by a market maker or by a member firm of the SEC or the NASD." If they are, as INVT expects, then ultimately, the next question is: "Is the entity that employed the bashers responsible for the actions of its employees?" If anyone is transmitting messages designed to enhance the position of his employer or influence the price of the stock to the employer’s advantage, what is the employer’s culpability? The defendants, whose true identities are unknown to the company, are alleged to have posted false and defamatory messages on an Internet site located at www.ragingbull.com. The INVT complaint asserts causes of action alleging violations of the Racketeering Influenced and Corrupt Organization or RICO Act, the Massachusetts Consumer and Business Protection Act, and common law defamation. It alleges that the defendants have conspired to post statements on Raging Bull's "chatroom"' dedicated to InvestAmerica Inc. which malign the value of the company's capital stock and accuse INVT management of malfeasance. InvestAmerica believes that some or all of the named defendants have posted these false statements in an attempt to manipulate the price of the Company's stock and cover "short'' positions taken by the defendants. It suspects that some of the 14 "John Doe"' defendants are not separate individuals, but instead aliases of the same person. Other instances of court action against bashers have been reported by investors and OTCNN is seeking to verify them before bringing them to court. Fines for this kind of criminal activity range from $75k-6million and 4-22 years in a federal prison.
15 YR OLD FACES JAIL TERM FOR LYING ON THE INTERNET
A TYPICAL PUMP AND DUMP TALE
COULD BE DAMN AND DUMP TOO- (COVERED&NAKED SHORTING )
Financial advice on the Internet
By Giando Argentina
Published by OTCNN.com
09/21/2000 08:59 AM EST
The SEC brought civil action against Jonathan G. Waunjohn, age 15, today in a stock manipulation case. Some of the actual infractions took place while he was actually 14 years old. The SEC stated that the Waunjohn settled with a cease and desist order and to disgorge profits of approximately $270,000. They went on to say that this is the first such action against a juvenile.
The investigation focused on the typical thinly traded stock scheme, the ‘pump and dump’. He bought large amounts of the stock and then proceeded to spam the stock over Internet message boards and with e-mail messages. The SEC said, "Waunjohn then sold all of these shares, usually within 24 hours, profiting from the increase in price his messageshadcaused.Insome instances, Waunjohn placed a sell limit order before the market closed on the day he purchased the stock to ensure that he would not miss the
price increase of the stock while he was in school the next day. Waunjohns profits on each trade ranged from more than $11,000 to nearly $74,000."
If this sounds familiar, its because it happens more and more often as technology makes it easier and easier to manipulate stocks. Online trading, stock chat rooms and hundreds of millions PCs have taken the manipulation game out of the exclusive
domain of securities professional and practiced scam artists and made opened it up to the average American.
The SEC’s order found that Waunjohn used multiple fictitious author names for the hundreds of identical messages he posted during ach manipulation. The postings Waunjohn made to Internet Web site message boards included baseless price predictions and other false and/or misleading statements. For example, he claimed in one of his messages that a company trading at $2 per
share would be trading at more than $20 per share "very soon." Other postings claimed that a stock would be the "next stock to gain 1,000%," and was "the most undervalued stock ever."
I cannot help but find the SEC’s statement amusing. Take any financial message board on the Internet and look through a few posts. Now try to imagine that the rhetoric being repeated constantly may be coming from a 15-year-old who already has a sell limit order entered. Would you still be able to get wrapped up in the hype? We have all fallen prey to it, whether we like to admit it or not and may have even profited from it without knowing the scheme behind a price increase.
This type of action from the SEC should be a wake up call to the multitude of investors who rely on message boards to shape their opinions on particular stocks. The next time you read that XYZ is ‘going to the moon’ and ‘I am not selling a share until it hits a dollar (on a 5 cent stock)’ just picture who may be behind that online alias. The highly respected resident ‘long’ could be a kid posting while taking a break from Algebra homework.
Ronald C. Long, Administrator of the Philadelphia District Office of the SEC said, "I implore investors to be highly skeptical of any advice they receive from the Internet. People should do thorough research before making investment decisions and verify all information before acting on it." Be research, I think he means more than reading the past three months’ posts on a couple of
message boards.
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MOST BASHING HAPPENS ON DISCUSSION BOARDS AND IN CHAT ROOMS; MOST BASHING HAPPENS IN THE PENNY STOCK AREA OF THE MARKET BUT IS NOT LIMITED TO THE PENNY STOCKS. IT HAPPENS EVERYWHERE FOLKS! IT'S A FACT! (SEE BOTTOM OF THIS PAGE FOR TESTIMONIAL) LEARNING is a process and an evolution. Learning is not all fluff. Learning is a process of awareness and unfolding development; one must be willing to work at it though. A year ago when I asked broker friends of mine if the internet message boards will have any affect on a stock. They ALL laughed at me and said those idiots having an affect on a stock ! A truth: IT IS EASIER TO SCARE PEOPLE INTO SELLING THAN IT IS TO INFORM PEOPLE INTO BUYING A STOCK. Well I asked those same friends this last week, and the answer from all YES! message boards and "shorts"(some) can manipulate with lies, and deceit. Now think about that, you have elderly that invest and find their way to the message boards only to see false posts about "SEC Violations" and "Class action suits" or you have a Yuppie with a kid to put in college going to these message boards only to see posts by 15-20 (probably 5 or 6 under alias) "pack of shorts" posting the same false stuff about SEC Violations or lawsuits or "there's bad news coming out" ....what do you think they will do ? It's easier to sell the stock and put the money into the bank for nervous people like the elderly and the Yuppie who needs college funds. THAT'S WHO THE PACK OF SHORTS PRAY ON AND DEPEND ON. They bet on a stock to go down-not up! Understand? And they have just as much money and risk as you. But they have the edge of fear, lies, falsehoods to post and pray on the nervous. Longs don't have that. Lesson 1: Remember, BASHERS NEVER BASH A BAD STOCK. Watch the board for stocks with no potential. They never have any bashers. Bashers only go after stocks that are going upwards or have excellent potential to go up. Bashers get left behind, so they want to bring the price down to be able to get in at a great price. Lesson 2: BASHERS ALWAYS BRING UP OLD NEWS THAT YOU HAVE HEARD MANY TIMES. New startup companies always have a few bits of bad news. The basher will post this over and over again. The stupid basher will try to make the old news a bit fresher to try to fool you. Lesson 3: BASHERS POST MANY TIMES A DAY. They try to wear you out. They comment on everything, every other post, and can answer every question. THEY KNOW IT ALL! There is no positive comment they won't bash. They try to control the board. True longs may have to address the bashers or they will appear to the newbies as being the people with all the information. Lesson 4: BASHERS WILL LIE TO YOUR FACE. Never trust a basher. The truth on startup companies is that many mistakes are made and losses happen. The basher will try to make you believe all startup companies make a profit, release financials every quarter and all aspects of the business run smoothly. THIS IS NOT TRUE. THE BASHERS LIE TO YOU. Startup companies can go years without profits, financials and good business, this is the nature of the beast. Lesson 5: The bashers know YOU CAN'T VERIFY THEIR STATEMENTS. That's why they make the statements they do. Lesson 6: The bashers PLAY ON YOUR LACK OF KNOWLEDGE. They can lie about information and you couldn't know the difference (unless you have done your assessment of the company and know the truth and facts). Lesson 7: Bashers play on your lack of patience. YOU have held a stock for a while. You knew it will be a big stock someday, but the BASHER CAN GET TO YOU BECAUSE YOU ARE TIRED OF WAITING FOR YOUR GAIN. That's when the basher is best. You are tired. You have forgotten the goal for the stock was to hold it for one year. The basher is bothersome, so you dump it on a bad day. Some others also dump. Then you get mad for your loss and return to let everyone know how mad you are. Then you turn into a basher as well. THE BASHER HAS WON, AND GAINED A NEW PARTNER, TOO. Lesson 8: BRING THE PRICE DOWN. That is the basher's job. The truth is not important. Lies are the norm. Post continuously on the board every day. They are trying to hit the newbies visiting the board. They are trying to wear out the longs on the board. They do whatever it takes to wear the longs out. Lesson 9: BASHERS WILL TRY TO CREAT DOUBT AND GET YOU TO RESEARCH ITEMS THAT THEY KNOW WILL LEAD TO THE CREATION OF DOUBT IN YOU AND IN OTHER STOCKHOLDERS. A typical trick of an advanced basher is to propose that there is a potential "problem" because "we" don't have the facts on a particular subject. The basher dares someone in the group to find out the answer to the question. The basher already knows the answer; the basher already knows what will be found. The power of this tactic is that the basher is now in control of the actions of the stockholders; the basher has you, the stockholder doing HIS/HER due diligence and when you, the stockholder come back to the group with a questionalbe finding then the basher gains credibility. What to do??? Solution??? Well, I think it's important to find answers but on your own terms. I actually pick up the phone and call the company and talk to the investor relations person or the CEO until I get a satisfactory answer. The problem here is that the advanced basher has you doing his bidding and his work; you have essentially joined his ranks. So, develop your own little Due Diligence package and answer questions by placing the information into the package and referring all new investors to read the answers to questions raised in the Investor Information package but DON'T GET INTO A CONVERSATION WITH THE BASHER REGARDING THE TOPIC. THAT IS WHERE YOU LOSE. DON'T CONVERSE WITH THE BASHER; ANSWER INDIRECTLY; DON'T USE THE BASHERS NAME; DON'T GET INTO A PERSONALITY CONTEST.
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A BASHERS HANDBOOK: know the enemy who wishes to steal your money! Do not underestimate a bashers influence on a stock. The Pro's are good at what they do and what they do is profit from your losses. Below is their "hand-book" so to speak. Learn from it or donate your money to those who make an organized plan to steal your money! BASHERS DO THE FOLLOWING: 1. Be annonymous 2. Use 10% fact. 90% suggestion. The facts will lend credibility to your suggestions. 3. Let others help you learn about the stock. Build rapport and a support base before initiating your bashing routine. 4. Enter w/ humor and reply to all who reply to you. 5. Use multiple ISP's, handles and aliases. 6. Use two (2) or more aliases to simulate a discussion. 7. Do not start with an all out slam of the stock. Build to it. 8. Identify your foes (hypsters) and the boards "guru" Use them to your advantage. Lead them do not follow their lead. 9. Only bash until the tide/momentum turns. Let doubt carry it the rest of the way. 10. Give the appearance of being open minded. 11. Be bold in your statements. People follow strength. 12. Write headlines in caps with catchy statements. 13. Pour it on as your position gains momentum. Not your personality. 14. Don't worry about being labeled a "basher". Newbies won't know your history. 15. When identified put up a brief fight, then back off. Return in an hour unless your foe is a weak in reasoning powers. 16. Your goal is to limit the momentum of the run. Not to tank the company or create a plunge in the stock; be subtle and consistent. 17. Kill the dreams of profits, not the company or the stock. 18. Use questions to create critical thinking. Statements to reinforce facts. 19. DO NOT LIE, DO NOT NAME CALL and DO NOT USE PROFANITY. 20. Encourage people to call the company. 99% won't. They'll take your word for claims made. If they do call you can always find something that is inaccurate in how they report their findings. 21. Discourage people for taking the companies word for anything. Encourage them to call the company. They won't out of laziness. 22. If the companies history/PR's are negative constantly point to that. Compile a list of this data prior to beginning your efforts. 23. If the price rises blame it on the hype or the PR, temporary mass reaction, the market, etc. Anything but the stock itself. 24. If other posters share your concerns, play on that and share theirs too. 25. Always cite low volume, even when it's not. 26. Three or four aliases can dominate a board and wear down the longs. 27. Bait the hypsters into personal debates putting their focus/efforts on you and not the stock or facts. Divert thier attention from facts. Show them the facts from a "different angle." 28. Promote other stocks that would-be investors can turn to instead of the one your bashing. 30. Do not fall for challenges on the "values" of what you are doing, it's a game and you are playing it with your own rules.
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GRADE YOUR FAVORITE BASHER: Advanced Basher: Will join the message board early and actually "pump" the stock with positives; this basher is very intelligent, has the facts of the company, actually helps longs with Due Diligence and generally gets the confidence of the stockholders. Then, when the stock hits their price, the tone will change and they will start asking longs to check into this and check into that. The seeds of doubt are being planted. This basher will then start using all the tactics listed on this page to create seeds of doubt. ALWAYS LOOK AT THE PROFILE OF A PERSON YOU SUSPECT. ASK WHAT STOCKS THEY'VE "SUPPORTED" IN THE PAST AND CHECK OUT THE MESSAGE BOARD. An honest person will have a positive track record that can be followed. I strongly believe that a contrarian view is needed but this person is out to steal your money and does it by deception and creates fear after gaining confidence! BEWARE, this is the most clever basher and the hardest to spot. Grade A Basher: Posts lots of old news, responds to all positive posts with a negative side. Never responds to being called a basher, never posts on another board. Can spend up to 80 hours a week bashing a stock. Grade B Basher: Very good way with words, always claims to be your "friend" taking the positive poster into confidence, never posts on another board, spends about 60 hours a week. Grade C Basher: Spends less time than the others but is somewhat effective and gets a C grade due to getting excited when bashers rules say not to get excited, spends about 40 hours a week. Grade D Basher: Needs to learn the basics about being convincing when making a negative statement. Spends a good amount of time working the stock, maybe 20 hours a week. Grade F Basher: A complete idiot, most readers are not convinced he knows anything about stocks in general. The type that says a stock "sucks", but gives no rationale, shows up every so often but no regular schedule. WHY BASH?: MONEY (the usual reason), SPORT, ENTERTAINMENT. Some bashers are compelled to bash because they are inherently a part of the dark side of life so they must do it. It |
