Thanks jp50
I am reposting this from yesterday, this is for all those people that have been affected by all the BS that has been spread on this board by Paulie.I hope it helps!
I do not believe one word of what I have heard this evening!
I hope these posts will help those of you who are having second thoughts!
If you check back to my previous posts about emails I had with a certain individual about the report from Goldman you will come across the following.
At that time I did not want to divulge who this person was but for the sake of getting this board back to the healthy state it was prior to all the shenanigans of today, I have copied and pasted a few quotes of my many conversations with Garza at BIOMEDREPORTS.
From: garza@biomedreports.com <garza@biomedreports.com>
Subject: RE: BioMedReports.Com: mcln
To: joel_galxxxxxx@yahoo.ca
Received: Friday, December 18, 2009, 2:41 PM
Good job management. Bringing it down little by little every day, so people don't panic all together and sell off. Meanwhile, they had enough time to sell their own shares above 0.03
We have to admit the article from Goldman was a real scam and from what I hear this analyst that wrote the article works with you at Biomed. Looks like the whole thing was a sham.
Thanks for nothing.
NEEDLESS TO SAY I WAS PISSED OFF!
He writes and I quote
"I'm not here to defend this guy's reputation or his record. EVERY analyst has made good and bad calls. Every one of them. There are no conspiracies or deceptions afoot here. Our reputation is worth MUCH more than that. We're not going to waste it on some penny stock pick. We're here to make our readers money wherever possible and to help people understand the sector more clearly.
These analysts dive deep into a company/sector's books and data and they give their best estimates and recommendations. They are VERY smart people when it comes to that stuff and they can get into serious trouble with the SEC for purposely misleading people. Their job is to be as objective and logical as possible, that is what they are licensed to do.
You take what they say, what your own DD says and what your own gut says and you jump in or you don't. Ultimately it's about the management team, the product and whether the company meets it's goals.
Simple as that. Take Care!
Good luck to ya.
I'm sure you'll remember this e-mail when the price hits our target after earning next quarter.
If it continues down, consider it a gift and buy more. You will not regret it.
These guys are "busting their hump" to make sure they do not disappoint investors and ultimately, this is what you are betting on when you invest in a company- their management team!
Happy Holidays!