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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: excardog who wrote (505)	11/2/2000 4:26:47 AM
From: Mama Bear	Read Replies (1) \| Respond to of 74559

That's pretty funny. I especially liked the company name he made up, Franklin, Andrews, Kramer & Edelstein, or F.A.K.E. But why did you leave off the last line of the post, which was "and if you believe this... lol"? ragingbull.altavista.com Regards, Barb

To: excardog who wrote (505)	11/2/2000 3:33:01 PM
From: tradermike_1999	Read Replies (2) \| Respond to of 74559

The story is probably a fake. I doubt people work in "boiler rooms" to do this sort of thing and you don't need that many people to do it. Despite that there is a ring of truth to it and that sort of thing goes on. The old "pump and dump" operation. However, these things uusally happen when people try to manipulate stocks to the upside. Let me give you a real example. I run a newsletter and I used to have over 12,000 people on it - was free at the time. One guy emailed me and told me AVXT was going to be hyped by stockhouse.com in a few days and he wanted me to email people on the list and tell. He obviously owned the stock. I check into it and the company was a total scam. Low float. Claimed to be making a cancer vaccine, but a group of scientists had come out and said their research was fraudelant. I refused to send the message out. A few days later stockhouse.com put out some stuff hyping the stock and their website and it gapped up 15-20% and then fell right back down within a few days. A few months later the company came out with a hype press released and I shorted it for a gain of 20-25%. The funny thing is that the AVXT message board the top active biotech board on yahoo. It looked as if just a few people were posting messages over and over to each other saying how great the company was. Others would appear out of knowwhere and said they were buying too. When I shorted the stock the second time on the press release I told everyone on my newsletter about it. Then I got threatening emails on a regular basis. One guy even sent a virus. Was really crazy. I had never seen anything like that on the Internet. But to sum up - I was convinced that a small group of people were manipulating the stock. It was at 12 at the time and doing several hundred thousand shares a day. Now its at 5 or so and on some days does less than 10,000. So the type of things that email talks about do go on.