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.
Technology Stocks : XYBR - Xybernaut -- Ignore unavailable to you. Want to Upgrade?


To: StockDung who wrote (4725)1/6/2002 12:19:24 PM
From: rrufff  Read Replies (1) | Respond to of 6847
 
Truthie,

I think I've been pretty fair overall. When I agree with your work, which is often, I have pointed it out and congratulated you for that. I've been amazed at both your track record and that of Anthony@P.

However, at times you do some of the things that you criticize. I'm not moralizing or even saying some of these things are wrong. Yet, sometimes it's hypocritical.

For example, Anthony@P has pointed out a couple of times that you are a paid basher. I'm not sure that is necessarily a bad thing. Yet, you yourself have often exposed those who are paid hypesters, particularly if they have been less than candid in their disclosure.

My preference is for full non-fine print disclosure of both pro and con. That's just my opinion. I get a bit more vehement when it comes to analysts that prey on the public like Blodgeon.

Similarly, when message board posters are able to elevate their work to "press release" status, I personally believe that they should be subject to the same standards that are supposedly imposed on others subject to the securities statutes and regulations thereunder. Paying $500 to get an opinion released over the news services puts one in a position of having seemingly more credibility than the regular message board poster, and, with that, an obligation to the investing public not to attempt or be involved with manipulative behavior.

With respect to the specific post, at that time, I believed that there was some selective leaking involved and some strange trading patterns which surrounded stories that made the press. Auric, in a post to me, which was subsequently and strangely withdrawn, indicated that he had "created volume" at the open the day XYBR tanked. I took his post as meaning that he was able to complete his trade successfully while others "folllowed" and shorted at the low of the day. His statement speaks for itself with all its ramifications.

Others have pointed out that Auric seems to have a relationship or alter ego that is a registered representative and that perhaps he is crossing some lines that may risk regulatory involvement. Again, I'm trying to stay away from "personalities" and "personal vendettas." Yet, I find it very strange that a high profile individual such as he, seemingly with an incentive not to attract attention, wastes much of his time bashing and boasting personally when he is proven right and his "target" is wrong. Yet, when the opposite happens there is gnashing of teeth and grinding of molars by sycophants to protect Auric who pretends to ignore his errors.

For my part, I have made mistakes and been over-exuberant at times. I've recognized that and hopefully, we all learn from our mistakes. I have a balanced portfolio and use many strategies (long, short, options, hedging, etc.,) that usually precludes me from such over exuberance. However, sometimes I have let myself get drawn into the current emotion in a fast mover. To the extent one gets emotional in his investment, it is destined to be a loser. I will post that on my wall and re-read it each day.

To summarize and so you don't think I'm trying to bash you, let me emphasize that I applaud all those who go after the excesses and manipulations in our markets. I intend to get more fully involved in this area over the next few years. However, I believe that the rules should be the same whether one is long, short, tall, thin, etc.

As for XYBR, my overall opinion has not changed. It's a great speculative shot. If it takes off, it has the potential of a big win. On the other hand, I feel that the Newmans have been less than fair with shareholders by diluting and selling before success. I also dislike the use of paid touts as I've expressed above. As I've indicated many times, no one position is ever more than a very small percentage of my portfolio.

Your posting over and over, about this guy who I believe has no more connection with the company and repetitive posting of stuff from years ago actually hurts your cause in my opinion. You have a message and it should be heard. However, if others ignore you as being "over-exuberant" or irrational in your approach, your message will not be heard.

As for apologies, we all have made mistakes from which we can learn.

Take care,

RRUFFF