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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: anniebonny who wrote (105820)	1/17/2009 4:21:21 PM
From: Jeffrey S. Mitchell	Respond to of 122087

My guess is that the vast majority of people who can't pay the balance on their credit cards didn't run them up never intending to pay. If you can't pay, does that mean you scammed the credit card company? Similarly, many public companies that end up playing games on their balance sheets to cover up problems probably assure themselves that investor confidence has to persist if they are going to right the ship, which they sincerely do want to do. But sometimes things spiral so out of control that you end up either failing or covering up failure, thus making yourself a de facto scam. In other words, sometimes you invest in companies that evolve into scams where you can't rightfully hit yourself in the head and say 'I shoulda knowed better' so to speak. Bernie Madoff was once NASDAQ Chairman! - Jeff

To: anniebonny who wrote (105820)	1/18/2009 6:05:06 AM
From: Bill from Wisconsin	Read Replies (1) \| Respond to of 122087

You can do your DD before you invest But maybe there are no outward signs of a scam, that is one day until, like Madeoff, you get an account statement that shows a series of trades that couldn't possibly have occured in real life. Are you locked in till the end because your intial DD didn't catch the fraud? Jeff has a point. You find that intial DD mindset the mindset of a lot of the penny scam victims I come across. They have an investment idea and act on it at the outset. DD is a 1 time or less event rather than an ongoing process. they never re evaluate or adjust riding a $1 or 2 stock down to the sub penny because they become wedded to their intial "DD". Never assume your intial DD perfect or that the information available is 100% true.