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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 (5811)	3/21/1999 11:11:00 PM
From: Jeffrey S. Mitchell	Read Replies (2) \| Respond to of 9115

Re: Wanna see some shills in action? Recall making this post last month on the FNTT thread? #reply-7799178 At first glance, it looks like the CEO, Greg Writer, was just trying to call attention to his new promising company. Over the next few weeks, Mario1, Chatty, M Hev and a host of others stop by to, ummm, keep the discussion going. Chatty goes so far as to post: THIS STOCK IS BUILDING A GREAT BASE IN THE 3-4 RANGE AND WITH SOME VERY GOOD NEWS IT LOOKS LIKE IT COULD REALLY TAKE OFF. I LIKE THE CAP STRUCTURE- APPROX 5MIL ISSUED&OUTSTANDING APPROX 1MIL IN THE FLOAT.EVEN AT 6 WE ARE STILL ONLY TALKING 30 MIL MARKET CAP. VERY CHEAP FOR THIS TYPE OF INTERNET STOCK.I WLL BE WATCHING VERY CLOSE. #reply-7415779 How exciting! Such interest! OK, let's cut to the chase. Chatty was outed yesterday as Jeff Chatfield, VP Investor Relations. Worse, many others are not only shills, it turns out the conversation was scripted** across SI and Raging Bull: #reply-8427188. And if you thought that was the low point, think again. Later we find out: Among many things, Writer was barred from the securities business by the NASD in 1990 for quarterbacking the upward manipulation of a stock, selling stocks through unregistered accounts, failing to inform customers of material facts and making "false, inaccurate and misleading statements to the staff of the NASD," according to the NASD. Writer was censured and fined $200,000 as well. #reply-8431640 Looking even further, we find the FNTT shills have been in action for quite some time on SI. That discussion is a work in progress over here: #Subject-26759. The important thing to take away from all this is a good salesman can sell you just about anything. These penny stock newsletters that get paid for their efforts should be filed under "i" for infomerical and not "r" for research. What's really important is the people behind the product. A quick glance at your recent picks shows ABFG (based in Boca Raton, a haven for penny stock scams, and registered to a guy with a history of failed companies), XCLU (S&P says they have only one employee, see advisorinsight.com; also see #reply-6205144), and PRWT (too many red flags to list; the share price says it all). I applaud you for your interest in the stock market. I applaud you for having the courage to speak your mind and responding to your critics. But I think you really need to take some time to educate yourself on how the true "professionals" play the game. I suppose if you're never too old to learn then you're never too young either. (g) - Jeff