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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Smooth_Sailing who wrote (10909)	4/10/1998 1:20:00 PM
From: ThirdEye	Respond to of 13949

<<Our(sic) research confirms that they are out of the woods>> Let's see, 10 days on SI, no email address, no posts on TPII thread. No specifics on "research." Gimme a break.

To: Smooth_Sailing who wrote (10909)	4/10/1998 2:59:00 PM
From: Kevin	Read Replies (1) \| Respond to of 13949

I hate to be critical, but your eyes are gazed over! (eom)

To: Smooth_Sailing who wrote (10909)	4/10/1998 5:52:00 PM
From: Tree man	Read Replies (1) \| Respond to of 13949

I agree with you 100%. More contracts are on the way. Scanning code AND embedded systems. Plus they are very close to doing a deal with Bob Bemer's BMR. Plus, their groupware division is ALREADY ramped up to over 1 million a year revenue. Plus other IT services. Plus quality products developed in house ( new scanning tool ). Plus low float, low cap. No brainer. Have faith! This one will fly!

To: Smooth_Sailing who wrote (10909)	4/11/1998 12:02:00 PM
From: R. Bond	Respond to of 13949

>>......out of the woods and headed for the big time.<< For any novices about, I submit this excerpt from a piece written by George Chelekis and posted on his (sadly now defunct) WWW site in '96/'97. Why no more website? Mr. Chelekis found himself to be the target of much harassment and slander. Thereby putting him in a position to decide to lower his profile. This is not meant to pertain to the shares of any company in particular and certainly not any discussed on this thread. I really mean that. Cheers, Bond ---------------------- >>That is how the brokerage community and insiders often work. Hand in hand. There are even some brokerage firms, start-ups, which are known as "jitney houses." Their principals and brokers are quite eager to run business through their houses and rack up commissions on buying and selling of stock. There are even certain brokers who fool their own houses and rack up enormous commissions by running their stock purchases and disposals, around in circles, via a series of offshore trading accounts, which they own. An enormous amount of volume can be created in this way, without anyone really understanding what is going on. Far more brokers are involved in the jitneying process than you can imagine. It is quietly and secretly done amongst themselves. It is frequently done every day. One of the deceptions is that it creates an appearance that there is activity in the stock. It is not uncommon for an insider to buy and sell 500 to 2000 shares of stock every day or every week, just to show activity. Some do this on Fridays, just so their companies name won't appear in the "Inactive" section of the newspapers. Whenever you see a stock that has been trading very low volume, it means that no one is really buying and selling stock in this company, but that someone is trying to make it look like activity is afoot. It is only an illusion. That illusion is created simply to suck you in. Just like hype and promotion, which create a whirlwind of trading volume and a price rise, is designed to suck you into the stock, the jitney game weaves its magic on a less dramatic and surreptitious level. The results are the same when the stock is going up. Please realize there is a difference between a stock which insiders buy and sell, on a small scale, just to show "life," as opposed to a stock which is being jitneyed about, from house to house, with sgap-ups. The gap-up, during the jitney process, can usually be accomplished with 20,000 to 50,000 shares traded every day. The unscrupulous insider just places buy orders, on an inactive stock, through various houses, paying more and more for his own stock with each new buy order. Very few, if any, sell orders come into the market. Now, this has to be done with the tacit cooperation of the professional traders or they would fight his buy orders and stamp out any potential upward movement. As soon as the stock makes its "run" to a higher level, and real investors come into the market, what do you think the insider does? He sells what he just bought. If it is done very well, the insider will issue a news release, pumping up the stock to an even higher level. Then, he unloads his entire recent purchase into the strength of the trading volume. If he is very, very good, he jitneys his stock way up, does a massive promo push, and then dumps a huge load of his paper into the market.<<

To: Smooth_Sailing who wrote (10909)	4/16/1998 12:44:00 AM
From: Adrian du Plessis	Read Replies (3) \| Respond to of 13949

RE George Chelekis - it's more likely he went underground when the SEC nailed him for making false statements about companies he'd been paid to tout. In February 1997 Chelekis agreed to pay more than US $162,000 to the SEC after US regulators charged he'd been paid by more than 150 public companies to tout their shares. Chelekis is a liar who lacked any credible background in the junior stock world - he used what knowledge others had to try and appear as an expert when, in truth, he was a shill. He was paid by companies to promote their inflated shares and he was also engaged in a vicious smear campaign to discredit those who exposed his crooked supporters. Just today the Supreme Court of British Columbia has awarded a journalist (David Baines of the Vancouver Sun) $875,000 - the second largest libel award in Canadian history - over the lies that Chelekis told. The libel judgement is against Chelekis ($425,000), a Florida tout sheet, The Bull & Bear ($200,000), that published his lies in print form, and Bob Shore/Market News Publishing ($250,000), a Vancouver-based news service that republished the lies electronically. Of course, with Chelekis having gone underground it may be a challenge getting him to pay up for his dishonesty - but it should be of benefit to all public investors to know that a liar and fraud like Chelekis is out of action. (Another judgement against Chelekis, obtained by myself, will also be pursued.)