Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!! -- Ignore unavailable to you. Want to Upgrade?

To: risk-averse who wrote (17820)	7/11/1998 9:17:00 PM
From: paulmcg0	Read Replies (4) \| Respond to of 50264

I have never owned DGIV long or short, something I'm sure the SEC can verify. (Gary Jacobs complained to them that I was bashing the stock. Gary, have them give me a call -- they have my number from when I assisted them before.) Actually, I welcome the possibility of the SEC investigating the shenanigans that have gone on with DGIV. I think that DGIV is just the latest example of stock manipulation on the Internet. In fact, it's very close to the scenario that the state securities regulators at NASAA describe. (see nasaa.org You might also check the SEC info on the subject at sec.gov , or check the Stock Detective (http://www.stockdetective.com/ -- they've already warned about DGIV). Stock fraud is at least a 6 billion dollar a year industry, according to a recent U.S. Senate Hearing Report 105-266, "Fraud in the Micro-Capital Markets Including Penny Stock Fraud". They discuss online forums as being conducive to stock people hyping stocks. In fact, SI is mentioned on page 101 of the report. Frankly, I think the DGIV investors have been ripped off by various Wall Street types. But, that's nothing new -- see books like "Secrets of the Street" and "20 ways you lose money before you invest". Stock scams have been going on for years, with the promoters changing how they operate to keep up with what's hot. My dilemma, because I've researched this area, is whether I point how Wall Street will rip you off, and get hassled by people whose illusions I'm breaking, or do I keep quiet and try to figure out how to make some money from the actions of the gullible masses also. Paul M.