To: bullmarket who wrote (4790 ) 5/10/1998 4:26:00 PM From: RocketMan Respond to of 50264
That was a great post, bullmarket. Nothing to add, other than tomorrow's stock action, whatever it is, will probably include the usual the usual artificial and illegal actions by MMs to manipulate the price through naked short selling, through wash sales , and through other actions that are recognized as illegal by the SEC So, whatever our individual investement strategies may be, all I suggest is you (1) remember why you bought DGIV and (2) ask if anything has changed in the company's fundamentals since that time. Everything else is secondary, including and especially MM manipulations. One last thing. We talk about these MM manipulations as if they have a right to do it and we just have to bear it. Just keep in mind that naked shorting is illegal. So is manipulating stock price by creating fear among stockholders. Wait, you say, you see this done all the time in BB stocks, and yet it is illegal, so why is it done? The short answer is that all it takes for evil to triumph is for good people to do nothing. We have held strong through this period, and have already been rewarded, because we believe in the company's fundamentals. We have yet to reach anywhere near where we will be rewarded in the end. Are there risks? Of course there are. Is this a 100% sure deal? If it was, it would not be a stock, it would be a tax bill or death. But one thing you need not fear is stock manipulation by the MMs. It is only a near term phenomenon, the company's revenues will speak for themselves. Also,it is illegal, and we taxpayers have Uncle Sam on our side. The Securities and Exchange Commission hates naked short selling. And they have a complaint process to protect us. This is part of our freedoms -- freedom to invest in a free an open marketplace, making our own decisions, taking our own risks, and reaping our own profits. Anything that interferes with that through artificial tactics such as naked short selling is illegal . If the SEC takes notice and forces the shorts to cover, the stock price will zoom beyond anyone's wildest expectations. I really do not want to see this; I would rather see the shorts covering, and let us proceed based on normal market forces. Well, I was not going to add more, but I guess I just did.