To: Jeffrey L. Henken who wrote (707 ) 5/5/1998 11:35:00 PM From: Binder Respond to of 2887
Jeff, no offense, because I do mean this with all due respect, but I think you are missing a few things here about TM... 1) If you think that this one individual is not capable of seriously manipulating an OTC stock, then think again. He is. Again, there is a BIG difference between an investor and a trader. TM and his following, which he obviously has or he wouldn't be the #1 most bookmarked, are TRADERS. Those holding long term are INVESTORS. It could very well be that the INVESTORS hold every single share, but if enough TRADERS get in and then out, the price will still drop. We INVESTORS) don't have to do a freakin thing, and it will STILL drop! 2) While I admire your motive to separate good from evil, I will not financially back it. I agree with you, it IS a pissing contest, and I hope it IS over in a week. But the bottom line is, I do not know you, and I do not trust TM. I am trying to find the advantage of betting on a pissing contest, and unfortunately, so far, I can find none. 3) I seriously doubt Tokyo Joe is going to make a pick for this "competition" with you. While I am sure you are a very nice man, the bottom line is, he doesn't need any of us here. We do not invest in a method compatible to his own. What could he possibly gain by doing this? Even if his "pick" did win, what would he accomplish? He certainly would not "convert" those who are already committed long term investors. He has nothing to lose by ignoring your challenge, and even less to gain by accepting it. I wouldn't hold my breath on that one. I am sure you have heard the old saying that 90% of big business is conducted on the golf course. In a different sense, OTC stocks are the same. The company can have the greatest of stories and stats, but if the outside factors, pissing contests, momo trading (whatever)are not in its favor, it will never move. Just My Opinion :-) Binder