Required reading follows...
Here is an interesting post from DGIV that i think every one should read. By the way
the author was suspended for posting it on more than one thread.
To: +macker (18766 )
From: +Dave Gore
Wednesday, Jul 22 1998 4:47PM ET
Reply # of 18987
*** POWERFUL BASHERS GAINING POWER ON SI? PLEASE READ! ***
*** Will SI Members threaten to demand refunds in what has become a rapidly
degenerating posting board? Spamming on threads is driving many public posters away
and angering many! Some stock threads have gone silent. Why is SI tolerating this
behavior? Will class actions lawsuits really begin?
Read on.
HAVE YOU HEARD OF THEM? The most aggressive seem to be JANICE SHELL
and GRAYSTONE, but others include KASHA, POET, 246810, JEFFREY S.
MITCHELL, MR. FORTHRIGHT, MARCOS, CATLADY, and others. Most appear
together on the above thread and on many other threads on SI.
(also see the threads: TAKING IT IN THE SHORTS, FBN, FBNA, THREAD
MORONS, DEATH THREAT THREAD, JANICE SHELL FOR PRESIDENT, or
any of the stock threads they have invaded, namely CYGS, the most recent. Good
place to start: exchange2000.com
If you are not aware, this is a group of people that go from thread to thread claiming to
have NO VESTED INTEREST in a stock, but always attempt to spread fear and
doubt without any conclusive proof. They spend hundreds of hours a week occupying
threads that they have no vested interest in (or so they say). They, like the infamous
Stock Detective, who some feel are one and the same, have targeted 5-10 companies
recently that are obviously no where near the worst companies they could have found.
Even Janice Shell, who seems to be the ringleader, admits (see below) that a couple of
these stocks are not worthy of their wrath..so why did they go after them and bash?
Read on.
HOW DOES THIS GROUP OPERATE?
They always pick stocks that have had a large run up. Then they take turns attacking
stock threads, so as not to exceed the 20 post per day limit that SI has. But they spend
hours and days, even weeks on certain threads attacking, but always claim they have no
vested interest in that stock! It is almost beyond bizarre. They attempt to wear people
out and so frustrate them that the thread soon bears no resemblance to the peaceful
place it once was. Instead it becomes a angry, frustrating place where information on the
company takes a back seat to personal attacks. So what is their motive for doing what
they do?
THEY CLAIM THEY ARE "HELPING EXPOSE HYPESTERS". NO WAY.
HERE'S WHY
They always maintain that they are exposing people who hype stocks, yet they always
seem to come onto stock threads whose stocks have run up big (usually 500-1000% or
more). Do you see the fallacy of this claim? If they were truly trying to protect others
"from being taken" by hypesters and pump artists would they not come into the stock
thread BEFORE the stock has a chance to run and before smaller investors jumped on
the bandwagon?
Because, isn't it usually the small investor buys near the highs, and the hypester at the
lows?
Should they not attack these threads before these stocks run up? The hypester, if one
existed in the first place, has already made "his or her "killing" in the stock they target.
No, it is the small investor they hurt most often. That is why there is some much anger
directed at them. In fact on the DEATH THREATS thread they claim that many people
have threatened their lives.
Death Threats against them? If true, this is sad and troubling. It makes you wonder why
people even stick around SI anymore. The climate has turned ugly. If you are lucky
enough to have a stock that runs up, you are likely to be paid a visit soon by some
members of this "group".
Let's take a real example that started occurring this past weekend. They invaded the
CYGS stock thread.
If their real intent was to protect innocent investors from hypesters, why did they let
CYGS run up from 30 cents to over $2.00 before saying anything? And why don't they
offer real proof if they honestly believe it is a scam? They never offer real proof..never
conclusive proof. That is what angers people.
The modus operandi is to just plain WEAR PEOPLE OUT AND SCARE AWAY
NEW POTENTIAL INVESTORS. It is clear as day.
In the past they have come onto threads suddenly, usually 1-2 come in together, then
maybe someone different comes in, while the first 2 leave for awhile. They have hit,
among others, DGIV, INFE, SGNC, and now, over the weekend, they have hit
CYGS. They are good at what they do and many are afraid to fight them because they
launch personal attacks when you do. Many people avoid confrontation. They seem to
love it. They never give up. Too bad they don't apply those traits more positively to fight
real scam stocks, real hypesters, real bashers, and those Market Markets who scam the
public. We would all benefit.
**** BUT THE REAL QUESTION IS:
WHY DO THEY SPEND SO MANY 100's OF HOURS EACH WEEK
ATTACKING STOCK THREADS AND BASHING IF THEY HAVE NO
VESTED INTERST, AS THEY CLAIM??
Don't most of us enjoy posting about stocks we like?
Don't most of us think there is something wrong about bashing stocks that other people
have a vested interest in? Especially when they have no real proof. At the very least is it
not in bad taste? And if they have to say something, are there not nicer ways to post
dissenting views and questions?
So, what is their real motive, many have ask?
Why do they rarely spend ANY time (that's right virtually 0%) being positive about a
stock THEY own?
Why do they spend virtually 100% (yes, 100%) of their time on stock threads attacking,
when they don't have any vested interest in that stock? At the very least is it not odd
behavior? Here are some theories posed:
ARE THEY REALLY BUYING AT THE LOW AND THEN SELLING AND
SHORTING?
Since everyone has a motive, some think they are quietly buying a stock on the way up,
and they when they decide it is high enough, they all sell and plot to sink it. I don't know,
but it fits the profile of why they rarely say nice things publicly about a stock and why
they have a fair amount of knowledge, enough to sound somewhat credible. Obviously
they can't promote the stock they later intend on shorting. It would also explain why
they never attack the stock until it has run up a lot. I t also explains why they don't go
after real scam stocks. It would be altruistic but would not make them much money..
Honestly, I am speculating only and I have no conclusive proof, but since that does not
stop them, and since this post will hopefully help the small investor..I march on...
ARE THEY BEING PAID TO INVADE THREADS?
No one has proof of that, but again it fits the profile. Market makers made lots of
money Tuesday on CYGS playing games with the bid/ask. It was largely helped by
them.
ARE THEY REALLY TRYING TO PROTECT THE SMALL INVESTOR FROM
HYPESTERS?
Again, if they were, they would warn people sooner with actual proof that a stock was a
scam. Instead they only anger people who have lost a lot of hard earned money.
Innuendo and controversy, after all, can keep potential investors away from a stock. It
is akin to a person being accused of a crime they are innocent of. Often many still
remember the arrest and assume guilt.
ARE THEY PERHAPS JUST ON A "POWER TRIP" AND WANT TO SHOW
HOW THEY CAN TANK A STOCK WITH MERE WORDS? IS THIS WHY
THEY WAIT UNTIL A STOCK HAS RUN-UP
(i.e because they feel it may be easier to tank?) Is ego really the whole reason or
because it is FUN?
HERE IS WHY JANICE SHELL SAYS SHE DOES IT? (from a question I posed to
her on the Bashers:post them here" thread.)
" Janice.... you've never said what you objectives are or if you are paid
to post on SI."
" Get real. I don't know HOW MANY TIMES I've said I'm not in the pay of anyone.
Hundreds, literally. All this hirelings-of-the-evil-MMs stuff is nonsense. Just another SI
fantasy. I do this because I find it interesting and fun"
YEP FOLKS, SHE FINDS IT INTERESTING AND FUN! CAN YOU BELIEVE
IT?
She finds it interesting and fun, despite the anger and hostility and death threats?
Despite the fact that because of them stocks have tanked and cost investors millions?
WHAT ARE SOME STOCKS THEY HAVE TARGETED FOR ATTACK?
Let's look at some of the stocks Janice Shell has targeted with some of her friends:
DGIV, INFE, ICVI (now MTEI), SGNC, and now CYGS
ARE THESE THE 5 WORST COMPANIES THEY COULD FIND TO BASH?
NO, EVEN JANICE SAYS THEY ARE NOT BAD, SO WHY DID SHE AND
OTHER BASH THEM?
exchange2000.com
and SGNC recently received funding from the pristigous Battelle Institute but that did
not stop them from bashing (see news). INFE has some of the most intelligent, loyal
people I have ever seen; ditto CYGS. In each case, long term investors of these stocks
have paid their own money to fly down to meet company officials and do first class DD.
So, the question is: WHY DID THEY NOT FIND REAL SCAM COMPANIES TO
EXPOSE?
WHY AM I POSTING THIS?
I am so tired on not being able to share ideas and thoughts anymore. SI has become a
place where PM's are the only safe way to communicate ideas (and some think SI is
selling PM information to Market Makers). If you are lucky enough to get a stock that
goes up significantly, now you know that sooner or later it will become a target of this
group or the Stock Detective may hammer it down.
WHAT IS SI's POSITION REGARDING THIS GROUP?
SI has received many PM's and emails about this group. Why do they condone their
behavior? Are these bashers being protected by SI when they are clearly violating the
spirit and original intent of SI? Are they not spamming threads through pre-planned
group activity? Are they not clearly trying to incite people with personal attacks? When
their entire existence on stock threads is nearly always 100% negative, never positive, is
this not the worst type of spamming ever?
So far SI has allowed this!
************
REASON FOR SI AND US TO ACT"
** People are afraid to post publicly on SI anymore. MM's and others monitor the
threads
** Investors may start DEMANDING their lifetime fee be refunded to them unless SI
does something.
** SI has become a much less friendly place..a peaceful thread becomes a
nightmare...just take a look at CYGS over the last 3-4 days. See certain names popping
up over and over? Get the idea?
** Class Action lawsuits may be starting against SI, this group, and others.
** SI has started to get a horrible reputation as a place where it is not safe or wise to
post on.
** This group and others are bringing out horrible behavior in people...what a black
mark for SI!
CONCLUSION: WHY THIS GROUP OF INDIVIDUALS IS NOT TO BE
TRUSTED
** They ALWAYS come into stocks when they have already run up big, just like
shorters do.
** They never freely say what their motives are
** They ALWAYS claim to have no vested interest in stocks they attack, but spend
100's of collective hours monitoring every post and drafting negative spins. They are
relentless.
** They spend nearly 100% of stock threads being negative, and almost 0% of their
time being positive and promoting stocks they love.
** I would love to see them expose REAL SCAM STOCKS and HYPESTERS by
name on a separate thread, by they refuse.
WHY AM I DOING THIS?
Simple.It is hard enough to make money on stocks on the BB: OTC without extra
garbage thrown from people like this. It is spamming and bashing of the worst kind. It is
creating hostility. It is causing people to lose money. And eventually it may prevent
people from joining SI or even wanting to post anymore!
YES, SI...they may cost you real business!
I am also doing this because I am stupid. I will be attacked like mad by them (oh well)
and maybe even sanctioned by SI.
If I am, you will know where SI stands and what they have become. |
