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Alias Born | 09/05/2007 |
Wednesday, April 14, 2010 9:58:37 AM
(1). To be a successful trader you have to assume each and evry stock is a scam until you can prove otherwise. Specifically you have to verify, from independent 3rd parties, all claims made from the company. This is not my own strategy that I came up with out of thin air steve it is what the SEC states you do in order to avoid investment frauds and scams. SO, the regulatory body in charge of protecting investors says you need to do the initial work in order to protect yourself from obvious scams. That work includes verifying the claims made in press releases prior to investing. The SEC does not say to just buy a stock based on a press release and then demand others prove to you that it is a scam.
I assume you have independently verified the claims made by THRR right? I can't seem to find any independent verification that there is a buyer or that a buyer is really prepared to buy anything from THRR. The stock price clearly reflects a widespread disbelief of any rumored buyout.
(2). The use of common sense and logic in the absence of verifiable information. Just apply a little common sense and logic to any information that you can not independently verify. For example: The stock is trading for .0012 yet they claim somebody is going to pay everybody .01 per share in the very near future. That is not logical. Nobody would sell $1 bills for .12 each. That makes no sense. Legitimate buyouts immediately adjust to the buyout price as the details of the buyout clearly show that it will take place. Here you have a cleverly worded PR that was treated as the gospel even though THRR uses the term "potential buyer" as a way to avoid responsibility when this collapses.
It is up to you to prove it is valid before investing. It is not up to me to prove it is a scam for you after the fact. Simply because folks refuse to do that and then demand others prove it for them doesn't really change a thing now does it?
If this was legitimate you could easily verify the claims made by THRR. Since you can not the SEC says to assume it is a fraud/scam/scheme until you can verify the buyout claims to be more than just PR fodder.
Personally, what you do is entirely up to you but if you really step back and look at this you will see the difference between a seasoned investor and a clueless one.
One requires proof before investing in order to protect their investment dollars while the other buys on a whim and then demands proof from others.
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