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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed -- Ignore unavailable to you. Want to Upgrade?

To: Janice Shell who wrote (8829)	8/14/1998 10:19:00 PM
From: Mr. Forthright	Read Replies (5) \| Respond to of 11684

Janice are you referring to the missing $160 million? On Raging Bull they are now talking about the missing $198 million. It is my opinion that most people have learned a lesson from the MTEI fiasco. Only a few hard-core supporters remain on this thread trying to destroy any credibility that they may have left. I believe that a lot of people have already done what you suggest and analyzed where they went wrong. The lesson is very simple: if it is too good to be true..... Do I sound pretentious? It is not my intent. I have been taken too. Many many years ago a promoter told me to buy a stock at $1.00. It was supposed to go to $2.00. It did. He told me to buy more at that price. I did. He said it was going to $3.00. It did. Then he called e and told me to buy as much as I could because it was going to the moon. I did. The stock hit $3.65. Then stock managed to go back to pennies. All that time my "friend" the promoter told me not to worry people were shorting the stock and they would get squeezed. I believed him, after all my "friend" had made money (on paper) in the early days. My "friend" would not f..k me. $30,000 later I realized that he was a great marketer of stock, not a "friend", and I was left holding the bag. It was the first time I got taken and I paid the price. Looking back it was well worth it. The disclosure from MTEI in early summer reminded me of that story. I was accused on this thread of being a short seller, a basher and an overall nuisance. My style offended some. I ended up leaving this thread after I received a death threat. But I kept reading this thread. I must say that I am proud of the work you and jhild did. I am convinced you helped hundreds of investors and for this you deserve my respect. Your style also offends so people but at the end of the day you are one of the people on SI who does the most research on BB stocks spending hours every day trying to warn investors about scams, promotions and hypesters. Keep up the good work. And to all those who lost money on MTEI let me just say this: learn from your mistakes the way I did, don't me ashamed to admit to yourself that you were wrong and next time believe in facts not hype. #8833, do I win anything?

To: Janice Shell who wrote (8829)	8/15/1998 12:17:00 AM
From: Howard C.	Respond to of 11684

I hate to add this, but it would also appear that visiting the Company in person does not always result in objective, accurate, in depth DD.

To: Janice Shell who wrote (8829)	8/15/1998 12:35:00 AM
From: Jetter	Respond to of 11684

Janice, I know I've done some good rambling and bullsh!ting today, but in all honesty can you answer this question I posted earlier? Forthright, I thought you would be here soon... Good to see you in high spirits...Maybe you care to take a crack at the question below. So what you want us to believe is this... There were some 400K shares traded today... A market maker was only making a market, so roughly half (200K) were sells and 200K were buys. Either a MM or some investor wanted to buy some MTEI stock today at .37 But, come to think of it, after the first buy of 500 shares at .375, all the rest were either buys or sell at the bid only, If I remember correctly, not one trade the rest of the day went through at the ask. So tell me, how does that work? If a MM was merely making a market, they would have been buying at the bid and selling at the ask? So what happened? Were there actually any buys today, or was it all sells? If it was all sells, why would a market maker be only interested in buying shares and not sellling them back? If he wanted to also sell, wouldn't he set the price a little closer to the bid? The larger the gap between the bid/ask, the less turnover they would generate. If I had just fell off the turnip truck, I would think that the market maker wanted to buy all the shares they could at the bid, and not sell any by keeping the ask extreamly high... So,what about the trading log today? I am use to dealing with cold hard facts and rules (physics, aerodynamics, etc). At least you cannot argue with the trading log, fairly hard evidence. Please, I'm am truely interested in learning how you dismiss this... Thanks in advance... ~Scott