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What you're about to read, to say the least, is probably one of, if not, THE best SCAMS currently running on SI. It involves none other than some of our favorite posters. After all that's why you're here, to learn about this very diligent poster. Hopefully, what you are about to read will keep you from underestimating them. Their names are: Forthnight, Taste that chicken, Janice Shill, (she used to be called the executive assistant,) TeDenis, JeffMitchell, AndrwH, Littlemotor or something like that, and a small cast of others yet to be exposed. Some are pulling their weight twice or more, (and in the case of one of them that's a big load,) and it is virtually impossible to figure out who's who. They are, well not all of them, but a few are really talented writers and manage to do some relatively decent due diligence. Well at least they can talk the talk, albeit disingenuously. It's really a very clever scam, IMHO, once you get into what they have constructed at magneticdiary.com. You can cross-reference this site to FBN at the SI. Also to the Hypester's Corner and to the Double Zero site here at SI. They really don't try to hide anything and I would suggest anyone could figure this out. FBN is an acronym, Fly By Night, essentially admitting it is a scam. An April Fools joke started 4/1/98, or so they would have you believe. It is a fictitious entity, with a really nice web site, purporting to be ready to issue an IPO. A web site that costs too much in time and talent not to have a method to generate revenue. These guys and gals are not the Mother Theresa's of the SI boards. The FBN site "claims" to have an outstanding Y2K product that once you scratch the surface at the web site you realize it is only a spoof. It really is creatively done and funny. Funnies until you start to ask questions about their motives. It's amazing how many idiots, that's right folks, sometimes people like you and me, that will read their net site and come back to the SI board and persist in asking/posting about how to buy the stock. It's a monument to the naivet‚ and/or stupidity of the "average" investor. Take a tour; see if you can the spot the obvious. Originally they were located, or so they said at their time of origination, in lower Connecticut, I think it was Stamford. They are now saying Sedona Arizona. Great scamster's, that's all! Liars and cheats, supposedly, (and sometimes accurately,) are exposing P&Ds here on the net. Still liars and cheats just the same. IMHO Other rumors have them closely associated with The SI itself. I hope those rumors are false. These are purported to be pictures of them at a Silicon Investor bash a ways back. magneticdiary.com Handsome group of people, no? Read on. They theoretically have set themselves up as the final arbiter of all BB stock credibility. If they don't like the company, don't understand the company or the run-up, they have anointed themselves as our "savior." They take great delight in "proving" they are smarter than the various investors of the stocks they attack. And you know what, they have been right on some occasions. They also have been wrong and have severely hurt many small investors. They really don't care, contrary to what they would have you believe. I personally believe there is a motive and it has everything to do with "follow the money." Great term made by a once famous proS E Cutor. Anyone out there remember his name? Other information, (also a rumor,) that has recently been brought to our attention gives us reason to form the opinion that they have also been on the side of a notorious shorting MM firm so as to assist that firm in shorting the companies the FBN group has persistently bashed. Recent information, also only rumors, regarding the Stock Detective has other potential implications. Sometimes they will show up as "independent's" and begin posting to each other. Before long you find the banter between them drawing in other seriously interested investors. Once I watched while over a period of 4 or 5 days each of these creeps entered a thread on different days, different names and slowly unwound the thread. They watch for fast run-ups and then begin to bash, in concert with the short selling by "The Firm." Really very simple and nasty, really nasty, but very creative, albeit fringe people. If they are guilty as many believe of a shorting scheme, they do make (steal,) serious amounts of money (yours,) based upon the success of whatever attendant brokerage firm, and the particular stock shorting campaign. Look at their net site, it cost a fair amount and didn't come from pocket change. It's all appears to be part of a very sophisticated scheme. Makes the movie "The Sting" look like a bunch of amateurs. Bet it makes a lot more money than The Sting did also. (By the way, I know we're gonna love their story trying to rationalize this whole thing, can't wait for that to pop.) The money they get comes from the small shareholder that bails out of a stock when one of their people or pseudonyms posts enough scare info on that respective board. Check out the FBN net site, the FBN SI sites, and the historical posts of those concerned and come to your own conclusions.  | ||||||||||||
 
        
 
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