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Microcap & Penny Stocks : HYPESTERS CORNER -- Ignore unavailable to you. Want to Upgrade?

To: micky who wrote (140)	6/3/1998 6:02:00 PM
From: Janice Shell	Respond to of 339

...in these cases, the company's hype was the share holders' downfall, and MM's simply made money based on their own assessment that the companies were weak, and others who tried to cry "wolf" here on SI were run off the threads. So much for calling a hyped stock a hype. You make a very good point. Way too many companies hire outsiders to do both IR and PR. In my opinion these are two very different things. Companies really DO need good IR people: employees who'll answer questions, send out information, try--through legitimate channels--to stimulate interest in the "investment community". Unfortunately, far too many firms desperate to pump their stock price sign on with outfits like Liviakis (on the high end) and even worse pump 'n' dumpsters on the low end. Unless the object is for company insiders to make a quick killing, this sort of thing is counterproductive. I mentioned OCCF earlier: I haven't followed them in awhile, but they really do seem to have been a bunch of relative innocents. Let their stock be hyped to the max, and then were appalled when it crashed. If anyone can find a news source that goes back far enough, in fall '97 they published a series of absolutely hilarious press releases. CALL IN YOUR CERTS!!! EVERYTHING was the fault of the shorts and the mms. They wanted to list on the NYSE. They'd "decided" that they wanted Goldman as their investment banker. Wooooo. Check it out. A scream, but also rather sad. They really aren't a crummy company. They're just not what they thought--helped along by the hypesters--they were.