To: olivier asser who wrote (3525 ) 4/19/2005 7:56:06 AM From: rrufff Read Replies (3) | Respond to Response to YARDSLAVE - because he continues to comment about my posts on a thread where I've been banned.Message 21242702 1 – Why?- Not why someone would pay for a basher to force a stock down so they can short sell it. Not that at all. Just look around. You don't need to pay anyone to bash OTC stocks. There are always plenty of people who do it for free. Most OTC stocks are crap anyway so you really don't have to look very hard to find people who will say negative things about them. There are plenty of idiotic long postings on boards. This comment of YARDSLAVE just makes no sense. As for "most OTC" stocks being crap, that's an exaggeration, emotional, and has no substance. Many of us have done well with a very diverse portfolio of micros over the past few years, even in declining markets. His is an emotional statement. Yes, I do an incredible amount of DD and there are plenty of scammy companies. The pinks are largely a cesspool but there aren't that many message boards devoted to pinks. 2 - Have you ever got a spam bashing a stock? I have not. I get plenty of them touting stock. Now, these spammers do no work for free. In essence, with out even posting on a board there is clear and provable evidence of paid touters. Spamming touts are required to disclaim. Of course they are paid. Message board bashers do not have to disclaim. LET'S PUT THE SAME REQUIREMENTS ON THOSE THAT WORK DIRECTLY OR INDIRECTLY FOR HEDGE FUNDS. As indicated above, there is no market touting short sale candidates for the public so why should the public be spammed? Makes no sense but YARDSLAVE in his zeal to defend doesn't think it out. 3 - Furthermore, you have to buy into the theory that there is some sort of organized effort to short stocks and bring them down. I just can not buy off on that theory. Is there illegal stuff going on, almost certainly, is it some kind of mm/nakid short/evil Canadian Elk, I doubt it. With out the organization, there is no infrastructure that could support paid bashing. Paid touting on the other hand happens all the time. The old P&D scheme happens continuously. This is because there are greedy people who think that they can make a fortune on penny stocks. The fact is that very very few people make money on penny stocks, but you can’t tell them that. There are plenty of suckers out there getting burned by P&D penny stock schemes every day. Yardslave obviously has not studied history. There have always been organized shorts. Look at the very reasons for the enactment of the SEC statutes and regulations thereunder. The great depression, the stock market crash. There are writers galore that detail the organization and greed of shorts. I'm not defending crooked touts and management, which have also "always" been there. But to ignore the action of shorts is much like a teenager who thinks that his generation has discovered sex. 4 - I know many bashers. Some of them that have posted here on SI have been to my house. Some of these people have uncovered incredible scams. They do it by doing a lot of homework and research. Not a single person that I know (and remember I said they do a ton of research) has ever found a paid basher. Not a single one. This is the argument that all my friends, who make money shorting, are all honest and the Batman defense will acquit. Well, the glove didn't fit here, and the defense lost. The only ones who believe it are those who want to pull the wool over the public's eyes. You won't get any argument from me denying that shorts are better organized and that they do better research. There are also shorts who basically parrott from board to board generic arguments applicable to almost every developmental stage company. 5. I have (and others also) offered to bash stocks for money/compensation of any sort. I have never once received anything. Although I don't (and haven't) posted on SI much, I have been posting on RB since 1999 and on YAHOO before that. I have almost 14000 post on RB. Know one has ever made the offer to bash for pay, not one response. I know others who have done the same. this is a great argument LOL. Perhaps YARDSLAVE should post his real name and address, list all his 14000 posts and send them to the AUSA. Remember that 10(b)-5 and other anti-manipulative regulations do not require direct payment. Of course, given the quality of the argument, I doubt that Mr. Y would qualify for anything other than the cut and paste garden variety repetitive post on Yahoo.
