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Gold/Mining/Energy : Altair Nanotechnologies -- Ignore unavailable to you. Want to Upgrade?


To: jas singh MD who wrote (276)3/12/1998 11:11:00 PM
From: Dr. Seuss  Respond to of 603
 
jas singh,

I don't know you, but I have been reading Bills posts for at least a year. Out of every character that has come and gone on these boards, Bill has proven to be honest, open and most importantly, correct in spotting a fraud. I also like to make money shorting corrupt stocks. The information Bill has passed on before has always, in the end, turned out to be accurate.

When I first started investing a couple years ago, I would blame the shorts whenever my stock started to slide. I wanted to believe that we would squeeze them if we all stood together. After a while, I started listening to them after a few of the stocks I bought went belly up and were proven frauds. I was so upset, I started to LISTEN and verify or dispute the facts as presented.

The problem? I didn't have much too dispute with the shorts. It ain't easy being a short in this bull market and you can bet that folks like Bill do a whole hell of a lot more research than the small investors that you purport to be protecting. I really am sorry if you are losing money on this stock, but you can't blame the shorts. While conspiracy theories are fun, there just aren't enough of them out there to ruin at stock that trades hundreds of thousands of shares a day. I can't short 10,000 shares with the kind of money I have and I don't think most the folks posting on SI are investing $100,000's on their trades. Without that kind of cash, you can't move these stocks. At least not to form the crashing pattern we are seeing with ALTIF. The folks that do have that kind of power are the funds and insiders with lots of stock.

From a purely technical point of view, this stock is in a death spiral. While I will cover before $1, I do think I'll have the b*lls to walk this down past $5 where this is surely going. There is no history to this stock and if what Bill posted is correct (I haven't verified his information yet) I will be adding to my short position tomorrow.

Just do me a favor and don't pretend to be protecting the small investors out there. That line is getting real old and it smacks of a sore loser trying to hold onto a dying cause.

dr.seuss.com