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Non-Tech : MILLIONAIRE. COM........( MLRE ) -- Ignore unavailable to you. Want to Upgrade?


To: SHGLaw who wrote (1629)1/23/1999 9:51:00 AM
From: John G. Mueller  Read Replies (1) | Respond to of 2664
 
Well thanks but I don't mean to put down bears; they are usually very smart people. I stopped buying stocks with big short interests... because the damn bears were always right. And if you bought stocks others said were great without looking yourself.. you might have bought the one that is the reason I'm no longer a "broker".

The firm I worked for them was publishing recommendations to stir up retail interest in the stock while arranging a huge secondary to get their funds out of it..
"And the best part Mrs. Jones, you can get shares during the secondary offering without paying ANY commission! Oh it is a very good company as a matter of fact I just saw a write up that predicted it could go up from the present $75 to $150 in just a few years. Oh the name of the company.....Four Seasons Nursing Homes. Ok 200! Your In. And congrats!"

John
This is a matter of record...old ones, the broker paid a fine years later... but shareholders never recovered a dime. It was later proven the this company was a dead man walking at the time of the secondary.)