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To: dreamer who wrote (1685)4/18/1999 9:18:00 PM
From: Daniel Miller  Read Replies (4) | Respond to of 4128
 
Just posting Email-

Basher Alert on SI
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Shorts on Message Boards


Do you even know how "shorts" work ? They bet that a stock will go
down,just like you bet a stock will go up. Now a year ago when I asked broker
friends of mine if the internet message boards will have any affect on a
stock. They ALL laughed at me and said those idiots having an affect on a
stock !
Well I asked those same friends this last week, and the answer from all
YES! message boards and "shorts"(some) can manipulate with lies, and deceit.
Let me tell you what I have seen on two different boards .

One stock was $8 and a "pack" of shorts come on and posted total lies about
SEC violations,and "class action lawsuits".There was 15-20 of these
manipulating "shorts". The stock went from $8 to $6 overnight without cause
-just these manipulating "packs" posting total lies.

Another board I had seen about 15 months ago had a bunch of "regulars" on
the board. Problem was these "regulars" were the nicest bunch of mostly
elderly people you would want to know and talk with. The stock was about $18
and then came "the pack" of shorts. There were again 15-20 of them. They got
the elderly so scared that they would not fight and just stopped posting.
Thus leaving the board totally to these manipulating "shorts".

The stock went from $18 to $10 without reason just lies posted by these
liars. Do you understand a little now? Let me say this to you and I want you
and the whole board to think about this statement.

IT IS EASIER TO SCARE PEOPLE INTO SELLING THAN IT IS TO SCARE PEOPLE INTO
BUYING A STOCK.

Now think about that, you have elderly that invest and find their way to
the message boards only to see false posts about "SEC Violations" and "Class
action suits" or you have a Yuppie with a kid to put in college going to
these message boards only to see posts by 15-20 (probably 5 or 6 under alias)
"pack of shorts" posting the same false stuff about SEC Violations or
lawsuits or "there's bad news coming out" ....what do you think they will do
?

Let me ask you people who don't like my attacking back ways, language
etc... Do you think for that elderly person and that Yuppie with the college
kid -that it would be easier to take the money out of the stock with these
rumors and put the money back into the bank? Another question :do you think
it is easier to take money out of the bank and invest it into stock....or
easier to take the money out of the stock and put it back into a safe bank ?

It's easier to sell the stock and put the money into the bank for nervous
people like the elderly and the Yuppie who needs college funds.

THAT'S WHO THE PACK OF SHORTS PRAY ON AND DEPEND ON.

They bet on a stock to go down-not up! . Understand? And they have just as
much money and risk as you. But they have the edge of fear, lies, falsehoods
to post and pray on the nervous. Longs don't have that.

Credit for post to skidiver3