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Mattu

05/21/01 2:48 PM

#2554 RE: Was (Bob) #2496

Bob,

>>Promoters gain by stock price increases and selling at ??>>higher prices.
>>True.

So do long investors who just like to talk about the stock. Not everybody who is 'long' a OTC stock is a promoter. A community exists to DISCUSS.

>>Negative posters and bashers profit by shorting and covering >>at lower prices.
>>False.

That statement is not completely false! This is just as true of statement as the first one.

Granted, not *all* negative posters profit by a downfall, but the same is true about the success of a stock. Back when I was commenting on stocks in the good ole days, I talked positively about MANY stocks (OTC, Nasdaq, Amex) I had absolutely no position in. I also talked negatively about stocks I had no position in. Why? Because I enjoyed the discussion of stocks with my friends.

>>Negative posters are typically unable to short the stock about which they're posting.

Agree.

>>Their motivation can be and often is altruism and a certain amount of anger at seeing inexperienced "investors" getting fleeced. Many being former fleecees themselves.

Absolutely. And I have zero problems with that, as long as it's done civilly, fairly, and they have some kind of basis for their comments -- just like everybody else on the site.

MB