To: Master (Hijacked) who wrote (823 ) 3/12/1998 8:34:00 AM From: Michael T Currie Read Replies (1) | Respond to of 6931
Doug, Since you have replied in a semi-reasonable manner, I will try and do the same. > One basic fact though... a newletter or "hype" artist always touts stocks that have already been inflated and AFTER a news event, and so when people "buy into the hype", the newsletters and "hype" artists are there to sell off their holdings. Not necessarily. Your first post on this thread was on Feb. 27 and implied that major news would be forthcoming. On Wednesday, March 4, the Lucent news was announced. This confirms that you had inside information on the deal. If you or others traded on the basis of this information, you have committed a crime. In my opinion, this makes you a very dangerous person with whom to converse. You have mentioned only one of the hype artists' tactics. There are endless variations on the pump and dump theme. Another is to own shares prior to an announcement about which he or she has prior knowledge and which is likely to lead to a price rise, then sell into the buying. At the same time, the hypester might gain a reputation as a 'visionary', thus improving his or her apparent credibility and making further manipulation easier. This is the way I perceive your attempts to influence folks on this thread. Judging by the amount of email I received, quite a number of investors feel pretty much the same way. Too bad your call for Monday backfired so badly. > I made the call on TSIS and PHXU when they were "dead in the water", at the same price I bought them, and right BEFORE the plays got started. See above regarding the early call. As for TSIS being "dead in the water", the share price had risen from $0.30 to $0.46 between late January and late February for a better than a 50% gain. We clearly have a different perception of timing. In my own (longer term) frame of reference, this was a solid move. It also occurred during a time of only one news announcement (Feb. 10 regarding the system enhancements). Between the excellent Lucent news and the lack of shares being sold into the market by the company, the time was right for a big price increase. I see no evidence of manipulation. Demand for the stock had obviously been outstripping the supply by a bit for some time (the slow, steady rise between Jan. and Feb.). The Lucent deal seems to be of similar importance to the company as current AT&T business, which I think is the reason the price has not dropped further. I think we will see the price rise slowly again as the impact becomes clearer. > You might look on TSIS as a "long-term hold", but for me, TSIS is a stock promotion/manipulation play(because it went up 5X on the last promotion/manipulation) You are assuming that there was a manipulation last year. I disagree. Most pump and dump scams are characterised by a very rapid price increase followed by an equally rapid fall. Most recent example that I can think of: BAAT. Check the chart on that one. That provides the very definition of a hyped stock for me. I simply do not believe that stock manipulators have the patience to run a company up over a period of months when there are so many juicy BAAT's too be had. No sensible investor can have an objection to legal daytrading. It provides a vital liquidity to the market. My problem with you and your tactics is the apparent illegality of the whole thing, accompanied by rah-rah, cheerleader type posts. I have seen too many promising companies hurt by this sort of thing. > Without the current brokerage promotion/manipulation, TSIS would be in the .30's right now, so long-term holders should be happy. Strictly your own personal opinion. You cannot know this any more that I am completely certain that there is no manipulation of the stock going on. I guess we will have to live with our respective beliefs on this one. Others can make up their own minds based on what has been presented. Mike