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junkyardbear

08/10/04 7:07 PM

#135529 RE: Dallas Boy50 #135528

Hi Dallas:) Does look like a nice place to talk stocks.
Have a good evening all.
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Churak

08/10/04 7:10 PM

#135530 RE: Dallas Boy50 #135528

They are currently PUMPING CMKX.
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Capt_Nemo

08/10/04 8:41 PM

#135533 RE: Dallas Boy50 #135528

OK FOLKS!!!!! I have been yackin with a new net friend here, and we both are trying to figure out this new game , what I thought, was the MMM , but according to these thoughts, the Monkeys are having just a hard time as we are, haaaaaaaaaaaaa i find that hard to believe but read this , and tell me what you think, Not saying it is fact, but some of it "could" fit into the picture. And please don't give me none of this, I'm crazy chit, cause i don't see anyone else trying to get to the bottom of this, I cant play the game till I know what the game is!!!!!!!!!!!!! So I look look look ,,,,,,,,,,



There’s a new game in town and it’s just getting started. The group playing this game is called “The Cannibals.” They are a group of very opportunistic hedge funds who have decided to take advantage of a new market phenomenon - that of excessive “naked shorting.” In the past 4 or 5 years there has been an alarming increase in naked shorting, most of it illegal. It started in earnest when some of the Internet momentum players of the 90’s realized that the game was over, the bubble was bursting and they better start making money on the short side of the market running hedge funds. They soon realized that with their new power they could actually deny smaller companies access to the capital markets by shorting them into oblivion, especially those with losses ”burn rates“).They have probably destroyed hundreds of companies, some say thousands. In some cases they have collectively shorted several times the entire number of a company’s outstanding shares. As crazy as this sounds, it happens. But one person’s abuse can be another person’s opportunity, and now, along come “The Cannibals.” Their game is to identify companies which have been victimized by these shorts to the extent that their stock is now well below any objective level of intrinsic value and where certain minimal investment standards have been met. The company must have decent technology or products, adequate management, meet certain aspects of viability and have a large enough short position to provide substantial economic gain.

Information recently obtained from inside sources say that this is how the game is played. First the funds will very quietly accumulate a large number of shares at the already low price. Since the shorts would still be shorting they would look at the buy orders as “free money.” The key will be for the funds to make their initial purchases with considerable stealth until a significant position has been established. It is altogether possible that they will acquire as many or more shares as the company has outstanding, since at first, the shorts will be very accommodative. Then, once the core position has been established they will likely approach the company and consult with them about possible strategies such as delisting from the Berlin Berman Stock Exchange (which has been a hotbed of illegal shorting), declaring a stock dividend, maybe initiate a corporate maneuver requiring the issuance of new shares and probably working with outside consultants to do an in-depth “shareholder audit” to determine the extent and source of the shorting. Then comes “crunch time”! The Cannibals come out of the closet and start buying with gusto. Buy orders will be coming from every direction, on shore, off shore, hedge funds, well-heeled individual investors, chart readers, momentum players, etc. The Internet can be a useful tool in spreading the message. Once the market knows the shorts are on the run the pressure can get relentless. Unlike a soaring stock where most buyers have a choice of chasing or not, shorts have no choice but to cover at any cost as margin calls dictate the timing.

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smoke

08/10/04 9:29 PM

#135534 RE: Dallas Boy50 #135528

OT: That's a nice site Dallas, its amazing to me the way the Internet can bring people who share common ideas together from all over the world.

Yesterday I posted the "reward stop smoking program" from a guy that happened to have the recipe I was looking for (Poke Salad". He is turn has link to a Christian Missionary in Japan that is also a artist/cartoonist.

I sent that link to my son who will be going to Japan soon on artist/cartoonist type business.

A Smaller world is better. We should send all our old computers to the dark corners of our world. People should know there is much more to live for than blowing yourself up.

No matter who suggests it.
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EdF

08/10/04 9:30 PM

#135535 RE: Dallas Boy50 #135528

DB, Thanks for sharing the link.