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To: David Smith who wrote (202)3/10/2001 3:25:48 PM
From: Dale Baker  Respond to of 467
 
A perfect summary of what happens day to day. I heard plenty of stories like that from people who left another well-known private site, as well as accounts of site members falsifying their trading information (or posting different trades they had "made" on different live chat sites....not knowing that some people were monitoring both).

It's a sick game. And the moderators don't need to make a dime trading once they have a six-figure monthly income from subscriptions. I just chucked the 45th flyer this year from Louis Navellier, whose newsletter I used to subscribe to. Between his newsletter and his funds, it doesn't matter if he ever gets over 50% in stockpicking.

He's already turned himself into an industry - that's how this particular game is played.

Thanks for the info. Very illuminating.



To: David Smith who wrote (202)3/10/2001 4:38:12 PM
From: Dr.MensaWannabe  Respond to of 467
 
Did the author send you a copy of this email?

I am curious as to the chain of events that led to this document being made public.



To: David Smith who wrote (202)3/10/2001 5:47:15 PM
From: Dale Baker  Read Replies (2) | Respond to of 467
 
Anyone who understands this post has my sincere sympathy for getting dragged into this strange, weird world....really not much else to say about something that speaks for itself....

Message 15481295

Truly bizarre.



To: David Smith who wrote (202)3/11/2001 7:53:26 AM
From: KM  Respond to of 467
 
As you might recall, I told you that they wanted me to be a moderator in that room when it was in the startup stage. What the gentleman has told you via the email is about what I expected to happen. We did "dry runs" during the trading day a few times. The peroxide queen never shut up for a minute, yet nothing of any value whatsoever was ever said. I remember one incident where we were both watching RFMD. She said to go long yet I was seeing tremendous sell pressure on the tape (I guess we watch different things). I wasn't trading it, but recorded her long call and did a paper short myself allowing a quarter point slippage for execution. LOL! It dropped like four points in a half hour. I ended up with the impression that I was giving them a lot more than I was receiving from the situation. In the several days I endured this, she did not make one call which I thought was actionable.

Another thing that bothered me, especially since we were to be "advising" traders of unknown experience and abilities, was her cavalier attitude toward using stops. I asked that question specifically in the beginning and received another diatribe regarding her many stellar calls and no answer to my question of how stops were to be implemented. Since being responsible for others' actions in some small way is something that makes me very uncomfortable, that alone was reason to back away from the endeavor.

I can't be bothered following all her shenanigans since I considered myself well rid of the situation months ago but am I to understand that her Pristine site is still running? I thought I'd heard that it bellied up.



To: David Smith who wrote (202)3/11/2001 12:49:02 PM
From: Patricia  Read Replies (2) | Respond to of 467
 
David

Did you see Jennas new revised header

siliconinvestor.com.

current post
started by Jenna

Date: Mar 11, 2001 12:19 PM

Market Gems Thread on SI, for BANNING advertisments on SI. Let's get other threads with links to their COMMERCIAL sites to follow our lead.. We are for SI changing their advertising policy as long as its an even handed policy. NO header, profile, link on the introduction to the thread should have any LINK to a commercial site. If SI sees we ARE ALL in agreement, including other threads with commercial links, and I have no doubt we are then this will work.