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Technology Stocks : Turbodyne Technologies Inc. (TRBDF) -- Ignore unavailable to you. Want to Upgrade?


To: Hungry Investor who wrote (1932)9/5/1998 2:44:00 PM
From: Mike C2  Read Replies (1) | Respond to of 3458
 
Yelling "Fire!" in a theater is illegal...but not "smoke!" ?
I decided to check out another A.S.S. (Asensio Sucking Situation):
the Able Telecom story. Some similarities, some differences to TRBD's.
Here is a somewhat articulate post from the Yahoo thread for ABTE.

#2031:Lickety_Split_69
Jul 17 1998
12:02AM EDT
**********
I hold no position in ABTE. I am familiar with the tactics used by the
Assholio and his cult followers and paid shills that spread false
statements. Listen to Ozark Ike, Psycho NOT Schizo and sXe 1998 posts
here earlier. They have been thru the same attack on CCSI. Learn from
EXPERIENCE!
1) Assholio's report
2) The Street.Com ( who are also involved with Assholio in bringing the
price of a stock down. They will fall over each other to bring out any
dirt they can get their hands on )
3) A swarm of Assholio's cult followers will decend on SI and Yahoo
threads. they will post multiple ID's, and NO MATTER WHAT the longs say
or what the COMPANY says they will all call it lies and fraud. 10% of
all the posts that ever existed on this thread were done today.
4) The company will respond, but will only cause a temporary stall or
small rise in the price. Then any additional attacks will proceed from
Assholio and TSC.
5) Every scumbag ambulance chasing "Law" firm will file shareholder
suits. They do not even have to have a lead plaintiff to file a law
suit.
6) Any other dirtbag tabloid publication that can get a story out of
this will duplicate similar stories.
7) The fellow longs will start to get impatient. THIS IS EXACTLY what
the shorts want. The long investors in this company and the ones that
have provided you with the most information will be attacked by the
shorts and the longs. Then even the fellow longs start being questioned
as to their integrity and attacked by their own investors. They are
portrayed as hypesters and misleading the longs.
8) Every post by the shorts will be repetitious. They try to wear you
out. Disable Telecom (Billie Ruben on CCSI), donni, Barb Payne etc..
will come in here and drive you nuts if you keep posting at them and
repling to thier posts.
9) The stock price will drop until something dramatic happens to the
company or until the shorts run out of material. Then they will run to
the next company they can trash.
I didnt need to write this post. I just am sick that Assholio is allowed
to go on and trash companies and investors for his own profit. He goes
right out and ruins peoples lives and families, and it appears that
nothing short of meeting his maker will stop him. Im not going to tell
you what to do, but in hindsight and from previous experience, i would
box my position or sell until the dust settles. Unfortunately, this is
exactly what the shorts are trying to accomplish.
Good Luck

Although I agree in the principle of free speech, I think there should be some limits
in the rules of engagement, particulary on chat boards.
The internet has leveled the playing field for individual investors to obtain info, but at what cost? The TRBD thread on
Yahoo is practically unreadable.

more to follow



To: Hungry Investor who wrote (1932)9/5/1998 6:50:00 PM
From: Mike C2  Read Replies (1) | Respond to of 3458
 
L L PoH: thoughts for our holiday celebrating labor
Life liberty and the pursuit of happiness.
In the movies Wall Street and Other People's Money, Gordon Gekko and Larry
the Liquidator pursued profit for greed and greed only.
They created nothing, built nothing (can't remember the rest of Gregory Peck's speech).
See, one doesn't remember the good guys, "Jorgy" Jorgenson who presided over New
England Wire & Cable with lots of assets and a stagnant business.

Short sellers attack situations where overvaluation is presumed. In many instances
the (over)valuation IS due to (ir)rational exurberance, the tendency of the street to look
forward to earnings, and buy-ins (squeezes and margin calls from established shorts).

TRBD was attacked in June, obliquely, by the Business Week article for no reason other
than it's recent share price increase.

Unfortunately, when the professional short machine got really pinched, out come half-truths
and innuendoes. A lot of money was lost and made...
and will be lost and made as the situation unfolds. If it should be ultimately proved that
TRBD's products are valuable, that the company is profitable,
that TRBD is not a fraudulent pump & dump,
will anyone hold Asensio & the canine pack accountable for yelling "smoke", &
for lying to produce personal profits at others' expense?

You can't yell "fire!" in a theater, but you evidently can threaten the life of a company
and its shareholders' value, poison it's reputation in the professional community, etc. by shaking
the tree and seeing how much fruit will fall.

I believe it's wrong, but I guess it's the American way. Profit without honor, and with
every success, the greater the likelihood that the next target will be victimized.

I apologize for rambling, mixed metaphors et.al. and welcome comments
from longs and shorts.

MikeC

Offtopic: Listen to the ABTE conference call sponsored by Kaufman Brothers at
888 891-8834. I took a position yesterday and expect to profit from the irrational
over-reaction. The call lasts an hour or so and is quite educational.