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Wrong, bashers cost investors more money. Again, bashers always bash a good stock.
Confessions of a paid basher
Today I want to come clean about something I feel very badly about. I cannot undo some of the things I have done, but hopefully this message will prevent other such occurrences in the future.
I am a paid basher.
Yes, it is true. Today is my last day at this company; I'm moving on to a new job. I've realized that there are more dignifying jobs out there that can pay me equally as well. But before I go, I want to explain a few things because this just isn't right and I won't feel good about myself until I expose this sham. It's hurt too many people and I don't want it on my conscience anymore. I can no longer live with a lie.
I work for a company called Global Calumny Funds in Stamford, CT. Basically, it's a Boiler Room much like the one in the movie of the same name. The idea behind my group is to bash the price of a company's stock down low enough to where the group of investors who retained our company's services can buy the stock really cheap and perhaps even take it over all together.
There are approximately 70 people at the company divided into several groups. My group, consisting of 5 people, is responsible for IDWD. While I probably shouldn't give any names of anyone working here now, what the heck, I'm leaving here, so what can they do? sue me? Ha! I can tell you that laptoptrader and janice shell were part of my group until he left last week, as was ninaturtle. Others who have been part of this include early bashers like hard data and Investorman. You may be interested to know that some hypsters, such as MONEYMADE and even Datatech!!, have also been part of the scam (more on that later).
There are several companies engaged in the bashing business, ours is not the only one. However, I can tell you that not every basher in here is a paid basher. Having done this for a year, I can usually tell who is a paid basher and who is merely someone
having a little fun. While unpaid bashers have a different motive than someone like me, they can be unwilling accomplices to helping me achieve my ultimate goal and they also spread rumor and confusion throughout a room, which also helps me.
What is that goal? Well, I am merely a cog in a much larger machine, so my bosses never really explained the big picture to me, but I'd say essentially, Shaddowwatch2oo3 was right. There are several companies who are quite familiar with Jim Bishop and Janice Shell and who are deathly afraid of them.
There are three types of bashers here at Global Calumny Funds: Advanced, Intermediate and Beginner. An Advanced-level basher (also known as a Silver Tongued Devil) would spread false or misleading information about the company.
They would deal in facts, countering every longs post with articles, news reports and opinion surveys that gave a negative impression about the company.
An Intermediate-level basher (also known as a Serpent) would try to weasel their way into the confidence of longs and create doubt using rumor or innuendo.
Finally, a Beginner-level basher (also known as a Pitchfork) would attempt to create confusion in the room by distracting other posters with satire, name calling and pointless arguments. The idea was to make sure no serious discussion of the stock
could take place. A Pitchfork was usually a basher, but not always. Sometimes, we would throw in a hypster Pitchfork such as MONEYMADE and laptop and a pumper like Datatech to create the illusion of an argument going on. What was really funny (in a perverse way, I guess) was that Datatech and I sat next to each other, laughing the whole time.
I was a Serpent basher, because I am known for effective bashing based on solid facts and truth. I was paid a base wage of $18 an hour for my services. I was given a $1.25 bonus for every decent quality post over 100 per day as well as a monthly bonus of $100 for every penny the stock had dropped from the previous month. I was also paid a bonus for bashing on weekends. While this may not sound like much, I made a decent, though dishonorable, paycheck plus a nice Laptop with free wireless internet connection.
Each of us sat in a small half-cubicle in a cluster with our teammates. Each group (usually five people) was made of three beginners (two who would bash and one who would hype), one intermediate and one advanced level basher. Occasionally for some
of the hotter stocks, one of the beginners would be replaced by an intermediate depending on how much the stock was rising. IDWD was a low-level stock, meaning it got the 3-1-1 configuration.
Honestly though, somehow, I get the feeling that WV Hillbilly may have worked for a basher company or knows someone who does because the fund websites he occasionally posts is eerily similar to our employer's websites. While not exact, I'd say it is about 90 percent the same. We do have certain rules that we follow.
First, we have to develop a character and stay within that character in order to build a "following." My character, "FogOfWar," was a humorous, sarcastic, obnoxious supporter of free speech and loved to portray himself as a truth-telling superhero, but only when it came to bashers.
Next, we had to follow certain guidelines on what we could say. We were urged to have an "answer" to every long's question, but we were to frame that answer in a way that ridiculed the questioner for asking such a question. However, we were never to use profanity or vulgarity because that would cause people to ignore us. We were to make fun of people, but in a civil way. The idea was to get "play," i.e. reaction from other posters. The more play we got, the more the room would be disrupted. Ignored posters get no play. One exception would be the hypsters since they were "defending" the stock against our onslaught, they got a little more leeway. People would side with the hypster because they thought he was real since he appeared to be on their side, but was really on ours, setting us up to disrupt the room. MoneyMade was quite good at this and gets paid very well.
I've worked on IDWD, VLO, AGII, QBID, BKMP for a few months now. In addition to the FogOfWar alias, I've used a few others on several other boards as well. I've used so many aliases that I can not remember the monikers or the passwords. I honestly lost track of everything. I stuck with FogOfWar because it was the one that got the most play from other posters.
In closing, I feel absolutely terrible about this. It's just awful how I've been part of a scam designed to cheat honest, hard-working people out of their investments all for the
benefit of a few wealthy people who already have enough money to last a lifetime.
These greedy people MUST be stopped. That's why I'm posting this before I leave. I want to make up for some of the damage I've done. I can't live with this lie anymore. You can't imagine how hard it is to look at myself in the mirror each morning knowing my job is to cheat and lie.
I have to go now, I'm too broken up to continue. I hope this confession can make up for my sordid deeds; I would urge everyone who reads this to inform as many people as you can. Only by shining the light of truth can we drive these rats back into the darkness from whence they came. Believe me, they don't want publicity.
Good luck and I hope all of you the best in your investment endeavors.
Article Source: http://www.articledash.com
By: John Adams
Posted on www.articledash.com www.articlesoup.com www.articlesafari.com
Picked up some PPBL today. Donald Trump owns the stock which made it attractive.
Z! I picked up some IGAM today on your reco. Thanks!
This company is set up beautifully for the longer term. I am and will add more shares.
I just added more shares in DKGR today and brought my total to 2 million. Let them knock it down because I will by more.
I added more shares today Z which brings my total to 2 million shares. I do like the way this is trading right now.
Good morning millionaires!
I thought the filing was impressive actually. I added a position in this today because I think we will see the dollars come in soon.
it is trending nicely.
I just added shares here today. This stock looks like a great investment. I will add more when I can.
Keeps on going. Love to see that.
So many gazzellllzzz and so little time.
PMCL has had a great run over the last month or so. I wish I would have gotten in.
Nice score!
It could start to get some action but the volume needs to increase. I will be watching it.
I have been watching it for a while now. it seems to be in a trending pattern right now. News I think will take it to the next level and break the pattern.
Watch for DKGR to start moving up soon.
The O/S is too big on it.
They can't have mine either. Something is brewing thats for sure.
I concur, I especially like the early news releases he posts on here in the morning. Makes for a good read to see if something catches my eye. Keep up the great work zeroluv!
RVME and BHUB are really exploding today. Congrats to those who pulled profits. Those two stocks are biggest P.O.S in this market. Do not touch them guys and gals.
It looks like there was some real nice action here last week.
Good morning millionaire players!
Added some GSS today
Nice trend happening on this stock.
Hello Millionaire Players!
OSTK was a monster performer for me. Thanks
The company gave shares away which were sold and the hype is gone. This all equals stagnet money if you are a short term investor. Long Long LONG term DKAM will do fine.
Sell it. DKAM is overvalued. They are not even profitable.
That is funny. lol. very comical
Tomorrow should be a better day for the market IMO
GSS is projected to go to $15.00 by years end.
Making money in this market is tough. Big boards seem to be more predictable.
I bought AAPL on the dip last week. Good Luck!
INTC should do real well in 2007. I bought on the fall last week.
BZTG making a big move. Nice news today
Nice news
Great update thats for sure. it's nice to have a transparent company to let shareholders know whats going on.
I think you will see a DKGR TRGD and TRSI connection real soon in the comming months. In my opinion. I am here for bigger things.
Yes sir, that is funny. This is why you take everything with a grain of salt and do your own due diligence. I like this company and it's potential. Gold keeps increasing. God bless.
Hey Z! I got more TRSI today, thanks for the advice and God bless you.