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if i had a pen i would throw it at you....
I feel bad for all those that spent the extra couple grand on that miracle.
I haven't heard anything lately. The MIB is dead I believe...it was doomed from the start!
Thread has been dead for a while, does anyone know anything about how the black box trading is coming along? Better yet, does anyone know how the innocence of Dr. Williams is playing out?
It would never be allowed on iHub...
the dude that started this site in like ( 2000 or 2001 ) is in prison right now for stuff he did in 2005 or 2006 etc... I believe... and I was in all the stocks he pumped with all the fake stuff and all the behind the scenes stuff and the L2 stuff and working with the "CEO" ... that is what GREED does to people... and that board has been closed as well for a long long time now talking about it ... zzz
the funny thing is Monk was trying to pretend that they were involved with crushing his stocks on the FLD SCAMS he was trying to run... and a reason to take all his followers away from iHub... when basically JMO!!! he was doing the same thing x 100 ...
Wow, I can't believe their is a board about Monk. They should have a story about how his life is in jail after scamming everyone...
Yes.
I don't pay attention to this stuff all the time.
Chris
You really are this far out of the loop?
Ihub shut down Monk's Den ... Lies ... jmo
lol I just tried to post there and you're right.
I also noticed sideshow bob got booted too.
Chris
Ihub shut down Monk's Den
Thanks for the update. I also noticed no posts on the Monks Den for 5 months now ?
Chris
http://www.bcsc.bc.ca/comdoc.nsf/comdoc.nsf/webpolicies/E9AA49F440BB0698882578E7005528FD?OpenDocument
came across this on another board
Was a nice bottle.
This board looks pretty good to me. People need to become aware of the illegality of Monk's bogus short squeeze scams. He is a scam artist who bilked investors out of a heck of a lot of money. He and Mel are living it up on OPM (other people's money).
They are both living in mini-mansions in Arizona, paid for with cash, driving luxury cars and flying his new plane. All courtesy of the newbie marks in Monk's con game, some of which have lost their families and homes as a result of the swindle
.Monk did not push the buy button or the hold button for anyone in these plays. I expect that he will be vindicated by the SEC as they have all of his trading records and I fully believe him when he says he is still holding.
thats CLASSIC.
lolol
I want my scotch back!
Thirsty people have been known to drink sea water, and then die.
Hey Sidney,
How are you doing? Thanks for stopping by. The more people I tell about the FLDs and the cult (Den), the more I'm convinced there will be an episode on it. The last couple years have been wild. I was fortunate in that I only invested play $$, but many weren't so lucky.
You gotta admit that the pied piper was good at what he did. But then again it's not hard to sell Kool-Aid to thirsty people.
We had good times, and learned something so much more valuable than simple charting. It's a shame it cost some folks so much money.
Nice board you got here.
he attended an "advanced Monkinar" in Pittsburgh in the hopes of being completely prepared to trade with the money he would get from the first FLD squeeze
You and many many others were encouraged to do the same, along with "buying and holding" because good would triumph over the evil Naked Short Sellers. (I speak sarcastically)
Its really heart breaking to see all the hurting people now.
Thought this hit the nail on the head.
10. The Teamwork Shmeamwork Axiom. Teamwork on the OTC only works when there are positive vibes and the stock is uptrending. Why? Because those smart enough to realize the value of networking with other investors are also smart enough to realize those very same investors cannot be trusted. Private Ryan never gets searched for in the OTC war. Anyone that is pitching ideas of “nobody gets left behind” or “I will be the last one out” or “none of us are selling until $X amount” should not be trusted for long. I know this is harsh and will step on some toes. You, like me, have probably bought stock based on claims like this. But sometimes the truth hurts. I do not trade and invest to make buddies and friends. I trade and invest to make money. And as such, looking out for my own portfolio is the most significant factor when buying and selling securities. What is your most significant factor? Some of you may recoil a bit at this axiom and look for friendlier words from more cheery places. That’s okay, but please know this: The OTC is a battleground. People are fighting for money. Some people *kill* for money…so, deceiving you through kindness, notions of teamwork, or guilt-for-selling is STANDARD OPERATING PROCEDURE for more “leaders” here than you ever dared dream. Bottom line: Don’t get your need-to-belong and relational itch scratched here. Instead, find a good Bible teaching local church.
DOH!!!!!!
Thanks for playing though, "NMC"....
Ordinary
and now they have a court doc where he has admitted to selling shares in cert form...and that method of sale had most likely conveniently side-stepped the traded records shown to the SEC...and that, well that just doesn't look good at all.
Love the board lol
I watch this show all of the time....once more details come out, I have a feeling this could be a pretty good fit for CNBC
Is the pilot for the show in the works? lol
Yes, it really is...
Well, well, well... interesting reading
Not the same person
With all due respect Nicole, do you honestly think he has not sold a single share of any of the FLD's? If you believe that you are very naive. He actually told our class in Indy that he sold shares of CDIV to cool the chart off. The Den became cult like and alot of people ignored some obvious red flags trying to do what was best for the "team". The SEC has all of his US account information on trades but what about offshore accounts?
I absolutely blame only myself for hitting the buy/sell button on any stock. I learned alot in the classes and met some great people along the way but I also live with many regrets and have many unanswered questions.
I find this board quite appalling...Monk did not push the buy button or the hold button for anyone in these plays. I expect that he will be vindicated by the SEC as they have all of his trading records and I fully believe him when he says he is still holding.
Oh...and Happy Easter to all.
I remember the days when I couldnt wait to see you post a spreadsheet :)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49881845
Just wondering what ever happened with your trading?
I believe he was referring to topics of the show when Ponzi was mentioned. If you read on to the next paragraph he says nothing is being implied about laws being broken and that the show would be under "other topics" in the IBOX. The reference to Ponzi would be that while no one was forced to hold their positions, all those that were a part of the FLD were encouraged to hold, hold, hold.
Things that are too good too be true usually are. All were "encouraged" to hold for bigger and better things in all stages of the stocks activity. If Monk or any of the "core" members profited from CDIV or EIGH then yes this would be considered a Ponzi and or a pump and dump for the nature of the situation.
I see you are referring to Ponzi and not really understanding how this relates to the FLD that you talk about?
I would think that would refer to a pump and dump not something that you buy and hold for a year or more???????????????
Is this what you are saying that this person Monk does? pump and dump or ponzi?
Ponzi
a swindle in which a quick return, made up of money from new investors, on an initial investment lures the victim into much bigger risks.
So if the show is about American Greed - who would the show be about - the ones who bought the stock???
Thought I would stop by and say hi!!!!! If there are any good posts here please post them on the Hope Stocks board. Hey Hermon!!
What's up Canada Eh!?!
For those who aren't familir, FLD stand for Float Lock Down. The concept is pretty simple. Market makers, hedge funds, folks with off shore accounts supposedly can naked short sell (NSS) penny stocks. This NSSing supposedly can go on until many multiples of the authorized shares are in the market. This severely drops the price per share. A FLD is like a martial art, it's supposed to use the momentum of the NSSers to force a short squeeze. The people involved in the FLD just have to buy, hold, wait, and get more people/money to do the same.
Monk would pick stocks for FLDs. EIGH and CDIV are just two examples.
From dictionary.com
Ponzi
a swindle in which a quick return, made up of money from new investors, on an initial investment lures the victim into much bigger risks.
Whats up Munster and Blanks... I honestly have to say there is still that inkling part that wants to hope there was a chance that the FLD method wasn't a scam but the plaster walls seem to be crumbling more and more day by day.... I too am glad I didn't have a lot of money to lose.
I am in no means making any accusations but I imagine for the masses of people that are now in the red and feeling really silly for the decisions they made, there are a select few connected on an inner circle that made out like bandits.
Indeed. Good lessons were learned. I'm glad I didn't have that much money to invest (lose).
Unfortunately the only taste that Mr. Blanks experienced after gifting the scotch was one of bitterness.
A little background on the scotch for those new to the progression of the story. Shootin Blanks presented an expensive bottle of scotch to Monk as a token of appreciation for the stock picks/advice that made him some money (pre-collapse).
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Moderator hermon munster | |||
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This board is for people who think that the seminar host that goes by the nickname Monk would be an interesting person for CNBC to profile on the show American Greed.
This board is not saying that Monk broke any laws. If the story of the rise and fall of Monk's Den is covered by CNBC it would probably be under the "other topics" section.
For those that are not familiar with the show, it details the greed on both sides of the transaction. The "victims" were greedy in expecting/wanting multiples of the returns that are generated by reputable firms year in and year out. The "leader" is typcially greedy for money, power, or fame. In the end, both parties usually lose big.
Hopefully the stories recounted will serve as a cautionary tale for people who are exposed to ideas and schemes that are "too good to be true" or just "so crazy that they just might work."
The moderator was never a part of the inside group and welcomes information, especially pertaining to the selection of new Float Lock Downs (FLD) and any front running of the announcement to "the team."
Any one who lost money on the advice, stock picks, or suggestions by Monk, or anyone for that matter, can only rightfully blame themeselves.
About the moderator 4/25/11
Hermon Munster bought into stocks that were mentioned by Monk on the ihub board Monk's Den. These included SUGO, EIGH, CDIV, PNTV, and GRNO. At one point in early 2010 he was up about 400% in CDIV and had about 22k in his trading account. He had foolishly convinced himself that he was part of a team known as "The Den" that would hold until a short squeeze occured so he didn't sell or even put in a stop order to protect his massive gains. In April 2010 he had about 15k in his trading account and went to a "Monkinar" (stock trading seminar hosted by Monk) in Indianapolis, IN. There he met many great people learned how to read stock charts, rules on when to buy/sell, and heard the FLD concept explained by Monk. Post Monkinar, Herman Munster decided that stock trading would be his second career and devoted 100s of hours to paper trading. He wrote down all his paper trades for about 120 trading days and the results were impressive. he attended an "advanced Monkinar" in Pittsburgh in the hopes of being completely prepared to trade with the money he would get from the first FLD squeeze. Unfortunately the stock prices of his largest holdings SUGO, CDIV and EIGH collapsed and Herm now has about $2600 in his trading account (starting with $2400. He swing trades with a goal of making ~$100/wk and one day will reach the 25k needed to be a pattern day trader. (Hermon still owns 29,230 shares of EIGH because his online broker, Zecco, will not allow him to enter sell orders) Fortunately, he has devolped beyond the need for a guru, is making his own way in the markets, and encourages all others to do the same.
7/11/11 update
The moderator has been in contact with ~10 people who have attended Monkinars. All of these persons have either said that they were scammed or that Monk did not know how to trade. Unfortunately the moderator has had to expend great efforts to unlearn the inadequate information that was presented in the basic and advanced Monkinars. The effort is paying off. HIs trading account now stands ~$3600 or 48% gain for the year on 106 trades.
8/15/11 update
Moderator was trying to trade above his ability during the debt ceiling and S&P downgrade crises. Failure to set adequate stop losses caused him to take substantial losses. Currently -$1000 for the year. Patience is needed. Will improve day by day. The goal now is to have no goals other than to keep at it and save