.......atomic batteries to power..........turbines to speed.........
This is Batman.
I am little surprised by your question, as I would have thought that my intentions were obvious. But now that you have asked several questions, I will give you a more complete answer:
First, the general answer behind why I made the posts: I like to know where the crooks are because my investing style (BB and small cap OTC only; I don't use this for full NASDAQ or NYSE) is based on it. I have read various articles on BB stocks (there was a big piece in Business Week a short while back), and have concluded that a large portion of BB stocks are frauds in one manner or another (what was unusual about NVID was that it was caught and prosecuted--a rare event). In any case, an empirical analysis of their stock trends shows that most BB stocks end up at zero (or close to it) after a few years of trading. If you averaged all the stock trends of all BB stocks, you would get a descending line (sort of like options, which many consider to be a loser's game). If there were an index average of BB stocks, it would simply go down day after day. Thus, I start my BB investing with the premise that, unless conclusively proven otherwise, the vast majority of BB stocks are, at a minimum, bad investments, and very often--to the point of almost being routine--they are frauds. Read the Business Week article: even in the few good stocks, at least half the trading volume is bogus. The prices are rigged. Bid/asks often aren't real; the ask frequently will crash with just a few thousand shares, and the ask is good for as long as the company's photocopying machine will continue to churn out share certificates). Most of these stocks are ghost companies, with a hand full of companies (sometimes just a promoter and a rent-a-secretary in a strip shopping mall--or even out of somebody's house). Even NASDAQ knows it has a problem with its bulletin board.
Thus, that underpins my BB investing strategy. Basically, BB investing is a loser's game. It's like walking into a casino: the deck is stacked against you, and the only people who are going to win are the house. Same in BB investing. Thus, logic dictates that I should not "invest" in BB stocks as a normal investor. No, since the house is the only on to win in a casino, I want only want to invest side-by-side with the equivalent of "the house" when it comes to BB stocks. Thus, since I assume most BB stocks are crooked pump-and-dump schemes, my BB investing strategy is to identify crooked companies/management (that's the easy part), and then temporarily "invest" before a pump and dump. That last part is the hardest part because fraudsters aren't going publicly promote their companies prior to ramping the stock price. It often requires inside information to do this--but it can be obtained--I've done it, but it only happens about once a year. And if I don't come up with anything in any given year, then I don't invest in BB stocks. I just stay out. Because they're a rip-off. Usually, by the time a company comes to my/the public's attention, it has already been ramped and it is too late. That is the most common situation. Usually, by the time a company has a thread established on S.I., it is too late to invest. But sometimes, stocks get ramped two and three times over a period of years, and thus the occasional company with a thread can be invested in before a ramp. But you have got to know that the stock is going to be ramped in preparation of being palmed off to the unsuspecting public. In fact, I am involved in such a situation right now; at the beginning of January I invested in a bio-tech ghost company run by a group of criminals that I know are in the process of ramping the stock prior to promoting the stock to the public. I bought at 39 cents, it is currently at about one dollar and, I have deduced from inside information that the stock is headed for $8 with a mid-way resting stop at $4 (I will get out at $4). All over a period of 90-120 days, with most of the rise (percentage-wise) in the next couple of weeks. If I am lucky, I will walk away with a little over $100,000. Not a whole lot these days, but it's walking around money, and I like to do BB stocks this way as a hobby (I stress this is a hobby; I wouldn't dream of putting savings into this). If I don't walk away with at least $100,000, something is wrong. Again, this stock is a ghost company run by two criminals. What is interesting about this particular situation is that it already has a thread on S.I. (I have identified approximately half a dozen posters on the thread that are fronts for the company's Chairman. This makes "investing" in this BB stock even easier, because you can often time your trades by the company's posts through its aliases. It's a true pleasure riding this baby. It doesn't happen that often. Again, I know up front that this stock is worth zero, and that the stock is going to end up there in a year or so. Therefore, all trades in this stock are made with an eye for a quick exit. It's a scam.
Thus my interest in NVID; it is an obvious interest of my BB investing hobby, a hobby which I put a lot of effort into (I am also currently sitting for my Certified Fraud Examiner exam). Thus, my interest (and, by the way, thus also my S.I. "Batman" monicker, i.e. a crimefighter).
As for your specific questions in the order that you asked them: You asked if this thread were my only interest. Well, considering that I am new member to S.I., it goes without saying that any new member is going to have his first post and thus any new member will appear to be interested in only one stock. Give me a month or so and, like any other member, there will be other posts. Again, my investing strategy is different from most S.I. members, and thus I don't see too many opportunities to post.
No, I wasn't at NVID's annual meeting (I am tempted to say that you are paranoid, but more about this below).
Don't know any of the Arata, Korpal, etc, folks, thus no impression.
What have I learned from my DD on NVID? Currently overpriced; in all likelihood, the bid doesn't exist in size, and the ask will hold for as many shares as their photocopying machine will allow.
I don't really have any feelings about Axen and the patent, etc. I probably shouldn't have asked the question to you about Axen. My investing style doesn't concentrate on products, patents, etc. From my experience of studying frauds, it is well-known in securities law enforcement circles that stock hucksters like to get investors minds concentrated on a "new revolutionary product", when their minds should actually be concentrated on the backgrounds of the individuals. Thus, I almost completely avoid the product itself. I know this goes against the grain of most people's investing style, but if you concentrate on the product, you are playing into the hypster's hand. It diverts your attention from the fraud.
Who mentioned this stock to me and how did I hear of it? Nobody brought it to my attention; if you want to know the details, I was doing an Alta Vista search (including the word "fraud" obviously) and ran across NVID.
As for Kenneth's question as to why I haven't posted to the Kerry Goodsons of the thread (and your question as to why I posted to you, Cindy and Kenneth): I don't see what good asking Kerry Goodson where she heard of NVID would do. From reading the thread, I concluded that she is/was a paid front for the hucksters. What is she going to say to me, "I first heard of NVID when Bunte and Klenovic offered me X million shares of NVID in return for my promoting it in my scam newsletter"??? Doesn't make any sense to even bother making the post. Her posts to date have been such drivel. But, I tell you what, just to see what the reaction is, I will do it. It will consider it a lesson in my studies for my Certified Fraud Examiner exam.
As for why I choose Cindy, yourself and Kenneth for my posts: sort of obvious I would have thought: the thread was just about dead and you three seem to be the only ones who made it to the end and you weren't pro NVID/Arata.
In conclusion, from your reaction to my post, I think I underestimated the amount of raw feelings and bitterness there is concerning NVID. Obviously, I don't feel them because I didn't get caught up in this scam, so I was unaware of the anger that this subject evokes. I honestly didn't think that asking who first put you onto this scam would cause offense or arouse bitterness. I actually thought that you would have wanted to publicly trash the hypsters that put you onto this, so that others don't get burned in future. In fact, I still don't see why anyone would want to keep such information secret, but, again, I didn't get burned in this stock scam and I would be the first to say that I can't know what anger there is without having invested myself. I can see how any question regarding NVID might be a touchy subject though, and I didn't think of that when I first posted--but I am well aware of it now. My apologies if I angered you.
I would still be interested in knowing where you first heard of this stock, who put you into this scam. Actually, I now have a second question: How did this scam first become public, how did Klenovic and Bunte get caught? Again, what is unusual about this BB stock is not that it was a scam, but that the perpetrators actually got caught.
I will now retreat to my batcave.
Batman |
