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.
Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?


To: Jim Bishop who wrote (141112)1/9/2005 4:41:34 PM
From: StockDung  Respond to of 150070
 
RE: The Faulking Truth

ragingbull.lycos.com

By: frankinmontana
06 Jan 2005, 02:28 PM EST
Msg. 101576 of 101606
(This msg. is a reply to 101574 by newguy96.)
Jump to msg. #

I corresponded via e-mail with Faulk over the summer and early fall of last year. To his credit, he comes off as being well-meaning. However, he has no ability to grasp simple finance. He is a self-proclaimed reformer who is in reality nothing more than a malcontent who lost his shirt in the stock market.

Some time ago, he took around $10,000 and bought himself a handful of Bulletin-Board-Beauties. Clearly they did not perform as he expected.

I'm sure you know plenty of people who make a dumb investment and then can't face the consequences of their decision. There were characters on the CBS marketwatch boards who bought Kmart and WorldCom AFTER those companies filed for bankruptcy and then complained they got screwed over by the bankruptcy process. They didn't get screwed over. They were just too stupid to learn the rules of bankruptcy before they bought the shares.

It is not in Faulk's psyche to own a mistake. It's not possible that he could have failed in his researching the companies he bought. It's not possible that the companies were run by people who weren't very good managers. There MUST be some other reason that his investments failed.

So now he redirects people away from learning how to invest and blames a convenient bogey-man.
- - - - -