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Strategies & Market Trends : One Big Scam? CTRN, ECTS, IVHD, SMEK & MALB -- Ignore unavailable to you. Want to Upgrade?


To: Don Pueblo who wrote (263)1/30/1999 2:40:00 PM
From: Sir Auric Goldfinger  Read Replies (1) | Respond to of 559
 
TLC, it never ceases to amaze me how these guys insist on a hope a wish and a prayer in spite of the deluge of factual information suggesting otherwise. Now it dawns on me how holy rollers like Oral Roberts can become deca-millionaires.



To: Don Pueblo who wrote (263)2/1/1999 9:13:00 AM
From: eric deaver  Respond to of 559
 
TLC,

Been looking over this (what is it 6 company?) scam. Have to agree 100% with your evaluation. Really reminds me of MTEI right after they were halted. If you want a good education in how halting effects a stock and how it will react if it ever trades again, go to the old MTEI thread and look backwards about 6 months to a year.

The main thing that I learned from the MTEI scam is to avoid non-reporting BB stocks (is that the case here?. Also, sounds like your friend got caught investing in a floorless preferred. Go to Zeev Head's floorless thread for a good education on these beasts. Looks like the warning signs were probably there on this one - but one really has to go through the scam to see through the fog.

That being said, I am currently in (in a small way) a non-reporting bb stock with a floorless vehicle - some of us never learn :o)

Sorry to all those that got stung here.

Eric