To: Kevin Lichtman who wrote (1609 ) 8/30/1998 12:13:00 PM From: Fred Davis Read Replies (1) | Respond to of 5908
Kevin, your comments have no validity at all. Let's take a look at a few of your comments concerning your so called "Stinky Stock". Your comment was: "With regards to the price of a potential "Stinky Stock" we do consider stocks with sudden, unexplainable price spikes better candidates for coverage. However, because we must research all candidates carefully, it often takes several weeks from the time we become alerted to a potential stinker until we publish" How many BB stocks have so called "unexplainable" price spikes? I would venture to say that almost all BB issues at some point in time have spikes in price that are unexplainable. IMO, you have never researched a company for more than a day. You offer no dd on the companies such as PNLK and other reputable companies that you choose to bash. Since you obviously don't understand what the word "potential" means. Judging by your criteria for picking stinky stocks, IMO, you would have listed many of the heavyweights of the internet such as Yahoo, Excite, Microsoft,etc., etc., on your "Stinky Stock" list. Let's look at your next paragraph: "As of July 31, 1998 - when we last upodate our list of Stinky Stocks under coverage - 13 out of 13 were lower than when they were first published. Most were significantly lower. None were covered exactly at their high point - that would be pure luck - but several were exposed very close to those peaks both before and after." It has occurred to me and probably many others, that you always begin coverage of an issue just near the top of a huge run-up knowing that NO stock continues to rise without correction. As far as coverage "exactly" at their high point, you are correct in saying this because even people with level II cannot predict "exactly" where the top is in any BB issue but we sure can get close can't we, even without level II? Also couldn't help but notice that you haven't updated since July 31. Is this why you chose to bash PNLK on their opening day of version II? Maybe it's time to update Mr. Stock Detective due to the invalid info you continue to broadcast always with perfect timing. Incidentally, updates should not ONLY include recent price movements, IMHO. PNLK is a valid company and NOT a scam. This company will one day soon lead the way in e-commerce and nothing you or anyone else can say will change this fact. After so many weeks of serious dd, can't understand why you fail to mention all the reputable companies that PNL has aligned themselves with. On the other hand, yes I can. BTW, just a little update for you Mr Detective. PNL version II was out on August 28, just as promised and you may need to do a little dd and check out the site to save some embarrassment. Once the street views the site, I'm sure you will lose further credibility if there is any left. Regards, Fred