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To: Spider Valdez who wrote (6288)3/6/1999 3:19:00 PM
From: Mama Bear  Respond to of 6735
 
"that suggests to simply not invest in any stocks touted by these boiler rooms will somehow cause them to shut down"

Umm, I didn't say that at all. The purpose of avoiding gambling on this type of stock is to put my money to it's highest and best use. Cold call boiler rooms have been around since shortly after the telephone was invented, I doubt they'll go away anytime soon. I guess if you want to tilt at windmills, I'll wish you good luck.

See you at .02,

Barb



To: Spider Valdez who wrote (6288)3/7/1999 3:18:00 PM
From: WW.com  Read Replies (2) | Respond to of 6735
 
Spider: There are paid shills out there who are paid to promote negativity on these boards about stocks. They get paid for their activity and they also have personal gain from shorting the stock and then bashing at every opportunity, all the while they say they have no position. (We are to believe they are doing it for the good of mankind)
Sound familiar??

Here's an intersting post I read on Raging Bull about this activity and one stock that has experineced it. My contacts tell me the focus of the SEC is shifting:

"By: TommyGun
Reply To: NoneSunday, 7 Mar 1999 at 11:23 AM EST
Post # of 359
Millionaire Magazine, Global Auction, Great Gatsbys, US Marshal's Auction, New Web Site Look,

all in less than 90 days! Plato, I agree with you, what other company do you know that has such rapid growth? When I call these divisions of MLRE, I get immediate, professional, correct and informative answers to my questions. What others are saying, "that the cooperative of Short Sellers are being investigated for manipulating this and many other stocks downward for personal gain and/or the gain of their cooperatives", has to be the truth. Look at them: A real estate mortgage broker in NJ making $45K per year with more tax liens than he can count, a failed antique dealer living off his inheritace, a short seller from Forrest Beach who survives by spending day and night attempting to destroy the confidence people have in companies. Anyone with any intelligence must realize that their posts are intended to mislead. They are "trained" to slander believing they either can't be discovered or they have gotten away with what they are doing for so long they feel that can't be caugt. Schneider even reports his progress, by e mail, to his West Coast leader (not a very smart thing to do) who has to hold metal detector "tight security" seminars to teach his "slamming" and manipulation while at the same time bragging about how much he is earning from his corruption. He is the only smart one in the crowd, even though it has cost him his broker's license in one state, refusal of one in another and been fined tens of thousands of dollars in another. He has created an army of "puppets" so dumb they do his dirty work for him so he can make a fortune while they work 24 hours a day putting themselves in serious jeopardy with the law. Smart Guy, but so was Capone! It was great to read last week that the SEC has finally realized what is going on and have reversed their attack, and rightfully so, focusing now on those who post eroneously to profit from the demise of stock prices by Short Selling, rather than what they have been doing recently- researching a myriad of companies who these short sellers send them on a wild goose chase to look into while the manipulators get away with murder.

Companies these short sellers see go up quickly in value either because of the popularity of the type business they are in or because the companies are making real progress accomplishing their business plan are historically what these trained puppets go after. But there is great news! Contacts tell me that what we all have had to put up with for years - the "BS" and repeated false attacks on these threads - is nearing an end; that those who have earned their living using what will surely be proven to be illegal tactics in order to harm good companies are short lived, that their trades will be audited - folowed by their tax returns. How sweet it is. The "truth", as always, will prevail! Whether their activities require Civil or Criminal action is yet to be seen but one thing is for sure, many authorities who know the answer to that question have signed up in mass and will be attending the infamous West Coast seminar - I understand from my informants they will be their not only in number but many interested "branches" will be represented. It would not be a surprise to see an article in the Wall Street Journal, after the seminar, about it. And not a favorable article at that. Stock manipulation is illegal. When a group is involved, as this group obviously is, the enforcement of the RICO act is put in place. Sure, these short sellers have won a few battles by driving stock prices down; some have even profited a bit - But the big winner is their boss to whom they hold their allegance. Wonder where he'll stand when they call on him for a few dollars of the millions he has made off their activites when they need some cash for bail. Their little army has won a battle or two yes, but certainly not the War? Who knows, their little army might look great in coordinated uniforms, marching to the drum of their guru leader and who knows horizotal stripes might be "in" this year."



To: Spider Valdez who wrote (6288)3/7/1999 4:22:00 PM
From: Janice Shell  Respond to of 6735
 
there is a liasez-faire mentality

Do you perhaps mean "laissez-faire"? Nib nib nib, of course, snicker! You're stupid beyond belief, Gary.

...or to tout their junk paper...

You mean like AZNT paper?

[Hey looka that!! Double zero!!]