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Technology Stocks : Source Media SRCM -- Ignore unavailable to you. Want to Upgrade?


To: MW who wrote (1443)10/27/1998 10:53:00 PM
From: Muhney  Read Replies (1) | Respond to of 3015
 
MW...
These guys are all small time options buyers. They follow a fellow that calls himself Mr. much like the Jonestown or the Hale Bop group.
They do not have any original ideas of their own, and they know very little about any companies other than what they have been told.
I know nothing about SRCM and don't claim to...they on the other hand just make a practice out of hitting these boards and attempting to manipulate a stock as per their leaders mandate.
Ignore them.
Have a good one.

Muhney



To: MW who wrote (1443)10/28/1998 3:13:00 AM
From: GR  Read Replies (2) | Respond to of 3015
 
The bad news is that it closed lower than it opened=usually a bearish indicator especially when we are near overbought territory.The good news;we have not had a true sell signal.Stoi is still not overbought(79,78);and more importantly directional movement is STRONGLY trending positive.Volume is still 5x normal.RSI is overbought at 83.MY guess-accumulation based on insider knowledge of strongly positive impending news.I still think a test of 17-20 can occur in this uptrend.The volume alone is a signal that should caution anyone to not be short at this time.



To: MW who wrote (1443)10/28/1998 12:49:00 PM
From: Michael Bidder  Read Replies (3) | Respond to of 3015
 
Your being fingered MW

<<<Do you not have the gonads to go on record with your accusations? What do you think the SEC will think about that?>>>

FOR IMMEDIATE RELEASE OCT. 23, 98
Fight Against Microcap Fraud “Paying Dividends”

Washington, D.C. – The Securities and Exchange Commission announced the filing of thirteen enforcement actions against forty-one defendants across the country for their involvement in fraudulent microcap schemes that bilked investors of more than $25 million. Some of the fraudulent schemes involved bogus medical "breakthroughs," sham hotel renovations, phony stock certificates and the stock manipulation of on-line department store Shopping.com.

In nine injunctive actions and two administrative proceedings the SEC alleges that the defendants violated the antifraud provisions of the federal securities laws by manipulating thirteen microcap stocks. In many of these cases the defendants engaged in "pump and dump" schemes and manipulated the stock price of microcap companies by disseminating materially false and misleading information about the financial condition, business relationships and future stock price of those companies, among other things.

SEC Director of Enforcement Richard H. Walker said, "We are dedicated to ferreting out and prosecuting those who prey on innocent investors. Our actions against the scam artists charged in today's actions, who issue and sell these phony investments, demonstrate that the Commission's coordinated attack against microcap fraud is paying dividends."

MW I took the liberty to highlight the areas the pretain to you.

Michael Bidder