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Microcap & Penny Stocks : MDCE ... Where Entertaiment and Education Embrace -- Ignore unavailable to you. Want to Upgrade?


To: Mel Viticus who wrote (1595)4/23/1998 7:39:00 PM
From: Ron Harvey  Read Replies (4) | Respond to of 3046
 
<<. . . is it safe to assume that that is what your picks are, simply momentum plays?>>

Momentum for Undervalued Dog tipsters, who pick up a penny stock for their own accounts, tout it in unjustifiably glowing terms, and then sell happily into the price surge to naive believers. Then they brag unconscionably about the low when they touted it ($.18 they claim for MDCE, but I was actually on the phone with a broker when the e-mail arrived to tout it and it was bidding at $.22), point out the high ( which is an asking price) and, by implication, pretend that's what you could have magically sold it at as if (1) you knew exactly when the high would occur, (2) could sell at the asking price, and (3) that they weren't actually touting the stock as a hold for a period of months. These are anonymous internet tipsters who know that the population of suckers is boundless. I receive e-mail from at least a half dozen of such humbugs, and I almost think that the victims of this patent manipulation deserve it because it's all so obvious. Except, in truth, they don't. (And why are their writing skills always so weak? Surely there must be ethically challenged people who are effective with syntax and diction? Then again, probably the brighter guys work for Wall Street.)