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Microcap & Penny Stocks : Short Term Picks From the 'Whiz' Kid -- Ignore unavailable to you. Want to Upgrade?

To: Daniel Miller who wrote (5774)	3/20/1999 10:44:00 PM
From: Steven G. Trapp & Company	Respond to of 9115

Someone finally has figured this out! The only thing left out on true front-running is that the Registered Represenative or Registered Advisor executes their personal sale order at a better price then that of their client's as well! Thank you for posting some sense to the Internet threads! <EOM>

To: Daniel Miller who wrote (5774)	3/20/1999 11:33:00 PM
From: ztect	Respond to of 9115

Interesting and amusing...... "Gurus" generate a following. Gurus generate a following due to their stock picking ability. Followers rather than do their own dd need some one to follow. Followers looking for a quick fix don't even make their own phone calls or do their own due diligence. "Gurus" realize that they may indeed be able to create momentum due to the revelation of their picks to their followers. Therefore, will the "guru" reveal his choice and generate momentum before or after they have bought? What do you think? Like duh.......Now is this front running....???? Or just followers looking for direction????? Then a "long guru" gets on the opposite side of a trade of a "short guru". Short and long gurus try to undermine one another's credibility. Accusations fly. Most accusations don't apply since "gurus" aren't brokers or certified Investment Advisors. Gurus are just posters that others CHOOSE to follow. The choice is made initially without solicitation. If people pay for these services, then the "guru's are nothing but publishers of "tips". The "gurus" aren't compensated by the company. (Newsletters and "guru's who are MUST make a disclaimer stating that they are). The "gurus" shouldn't receive information from the company that isn't available to any other share holder. Other shareholders ie the followers are usually just too lazy to call and confirm information for themselves. If the company provides "inside" information that can't be supplied to any other investor, then the company has problems with the SEC.....Unfortunately many stupid IR people for small companies make this mistake.....Are the investors at fault? Now when the accusations fly, the packs form and make concerted efforts to undermine.....What a waste of time...... The real question then becomes not what is front running....but what is collusion ie. arbitrage trading. Is there coordinated buying or shorting....or just people following the "gurus"? Are the "gurus" to blame or are the followers? Are the followers just whining because they followed down a path that they chose to follow down rather than think for themselves? What a farce.........just some ramblings from a philly guy.... z