To: Mary Baker who wrote (2071 ) 4/21/1999 5:08:00 AM From: EL KABONG!!! Read Replies (4) | Respond to of 4128
Hello Mary, I see by your profile and some earlier posts that you claim to be new to this game, so I'll try to give you some answers.But why is it when the "detectives" are accused of being SHORT...they guffaw. Page #3 of the Amateur and Professional Tout's Guidebook clearly advises that when someone comes on a thread asking tough questions and refusing to believe the company story line, that all "longs" band together and accuse the non-cheerleader of being short the stock. Never mind any risks involved in shorting. If they aren't a cheerleader, then they're a non-declared short. Page #4 goes on to advise that shorting is clearly anti-American (or anti-Canadian depending upon your locale). Page #5 advises touts to use the anti-American viewpoint to turn thread sentiment against any non-believers. This argument is always the first one to be used in a feeble attempt to "kill the messenger" while at the same time diverting attention away from any negative information. It works so well at creating doubts and uncertainty in the novice investor that the touts rarely use the anti-American weapon anymore.But they are quick to accuse certain stockholders of being insiders over and over again...looks like we have a bit of a double standard going on here. There are a number of very well known, professional touts that post on SI, and have done so for a number of years now. None of these known posters are currently posting on this thread, but their legion is growing by leaps and bounds on a daily basis. I think I should define a professional tout (or hypester) for you. A professional tout is an individual (or organization) that has received payment (usually company stock and/or money) to tout the stock (aka: "pushing paper") on the internet, via misleading "independent" websites, or through spammed e-mail as well as through other more conventional means such as snail mail, stock toutsheets (newsletters) and most recently, television programs. Professional touts prefer to be labeled as Investor Relations or Public Relations. I guess it sounds more respectable to them. Amateur touts on the other hand, are merely representing their own investment interests. Sometimes they're trying to tout a stock back up to their entry point so that they can bail. Other times they're trying to maximize profits so that they can bail. Either way, they're looking to bail (aka: dump). If the investment was that good to begin with, there would be no need for touting. Amateur touting ranges from the relatively mild form (cheerleading) to it's worst form (outright untruths regarding the company or its' prospects). In recent months the investing world has seen a dramatic increase in the worst forms of amateur touting (most recently, the PairGain employee who created a bogus press release and posted it on Yahoo). In the past two years or so, a new form of tout has arrived on the threads. That tout is the company insider (usually posting under an affected alias or two or three) who gushes and raves about the wondrous qualities of the stock, and how s/he is in it for the long run and on and on and on ad infinitum. But in reality, they're just looking for a quick price rise so that they can dump their shares into the buying frenzy they've helped to create. Remember, if an insider sells too early, and the price continues to rise, they can always issue more stock to match any unsatisfied demands. This becomes obvious to all when there is a quick and unexplained rise in the company's float. The SI veterans have seen this type of posting too many times, and are quick to recognize the style when they see it.And just because some can articulate their cat and mouse banter better than others...does not make you a more WORTHY opponent. Don't underestimate the power of research. The naysayers posting here are among the most excellent stock researchers to be found on the internet. The posting style of every SI member differs significantly. While some prefer to post everything they know all at once (witness Pluvia's thread: exchange2000.com ) others prefer to release their discoveries as facts become known and verified (witness MTEI: exchange2000.com ). Some posters are very crude, obnoxious and use foul language or references to express themselves. Others are more erudite, tending not to post what they've found on the threads, preferring to notify the proper authorities instead. And of course, there are all sorts of other folks in between these two extremes. As an investor, your interests are much better represented by focusing on the message, not the messenger. Hope this helps your understanding somewhat... KJC