SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?


To: lbs1989 who wrote (2800)10/19/2001 3:35:52 PM
From: IngotWeTrust  Read Replies (1) | Respond to of 4051
 
lbs, I know you want me to make it easy and say look at post #... and then look at this post #.... and then look at this post #... And then you'll want me to educate vis a vis draw straight lines among the dots.

I stated before and repeat here, I will not ENGAGE in that "discovery" activity for you because, contrary to what you think, that will not bring this thread back to "harmony," your stated goal.

Pump and dump operations have "fingerprints"i.e., patterns of behavior, seldom employed by one individual but usually in concert with MULTIPLE participants. It is my opinion with my whole heart that those pattern elements are demonstrated historically herein. G&S thread posts are going nowhere.Patterns exist as well elsewhere on SI's forum, especially where Canadian G&S E&D micro-craps are focused on and bandied about and 'researched & discussed' Said patterns also occur in US domestic issues and have been amply demonstrated before even by news reporting agencies, who give Silicon Investor "credit" for being the source of such investigations.

It is time for forensic investigation by proper parties, not "time for me to join you in efforts to bring this thread back to harmony" by reviewing history herein in matters that cannot be "erased or fixed."

As politely as I know how to say this, YOU are NOT the proper person to present specifics to regardless of how politely you ask, since you do not operate in a regulatory, surveillance, or enforcement capacity. Due Dilligence is a personal responsibility and incumbent upon serious individual investors to perform and stay current upon.

No where is DD tougher to perform than in the realm of foreign equities. Pump and dump scheme operate in that vacuum because it presents opportunity to make money. Matters not, frankly, whether it is Canadian, Mexican, Peruvian, Bolivian, Italian, Uzbekistanian, Malian, Cote de Ivore, etc.

All this being said, I will suggest this:
Securities regs exist. They are in place to create the atmosphere and potential for level playing fields. Playing by the rules creates harmony. So if you want a healthy discussion forum--one filled with communicants who play by the rules--then create one by example.

A non-healthy forum does not play by rules regarding disclosure and blue-sky regs, and other "Securities Act of 1933 written and subsequent case law" interps.

Communicate with those that play by the rules of disclosure, blue sky, etc., and avoid communications with those who do not. It is truly a matter Individual responsibility.

So, if you want to talk stocks, then mention one. If you have a question, ask it. If you get an answer, investigate the answer & the answerer. Measure accuracy against known perameters, such as press releases and communications with the company, industry guidelines, accounting standards, reporting requirements, etc.

Accept no surrogates or shortcuts to information or understanding by bestowing "guru-status" to anyone who "might know more or understand more or tell more," etc. That's a recipe for personal financial disaster and potential for shameless manipulation of individual finances, especially in very thin float issues.

Here's an example from my own personal experience, if you will permit me:
There is a recent case of a certain analyst in a stock I track, who writes and speaks in another language, native to the speaker but foreign to me.

Recent utterances in that language were presented as a URL on said thread discussing that equity. Most everyone on that thread accepted at face value the translation of a regular poster on that thread who spoke that native analyst's language used in that printed report.

I did not blindly accept that translation..

I used two different premium translations services, discovered a "glossed over point" shall we say about both the imminence of a private placement and the price range of said private placement.

I positioned myself to take advantage of that information, hell, I even posted the "better" translation to said topic and got ignored & or hooted at derisively by those who thought the other guy's translation was "better because xyz was his native tongue."

Bottom line? I got the opportunity to purchase the equity in a following sudden two day plunge about $2.85 per share below the recent average trading level.

That is due dilligence exercised. All legal. All public. All available to anyone with motivation to make a legit buck and to question everything posted by others under "collegial banter."

I've raised the pump and dump issue, acted on it, and subsequently the bar of thread behavior. So be it.