Tim~I guess I should be following this one more closely than I have in the past...
Thought they were focused on a show in Paris next?
I guess Greg will make one of his infrequent appearances and confirm for us... Greg? (tia)
In the mean time, not that I wasn't cut enough yesterday trying to catch a falling knife (lol) I was looking at another high flyer that is currenty biting the dust. In that research I came across a Motley Fool article on one of their competitors. In reading that article I was of the impression that what was stated seemed appropriate to share. The competitor in question was on a "lessor" exchange;
It's not often that a company issues a real live press release to criticize something we've written. It's even more interesting when the angry pink-sheeter doesn't bother to dispute the facts, but falls back on name-calling. So-called journalism? That's the wrong club to use to try to beat a Fool. Especially when the so-called article is quickly followed by the resignation of your so-called CEO.
By Seth Jayson (TMF Bent)
February 3, 2005
Write about stocks and it doesn't take long to figure out where the whiners place their bets.
Flip over their favorite rock to show them what kind of stuff is crawling underneath, and you can expect all kinds of inbox atrocities.
In addition to copious anger and amusing misspellings, these missives are uncannily similar with a pervasive victimization complex. After reviewing dozens of them, it's easy to spot the formula. I present it below, for future correspondents' ease.
How to defend your penny stock:
Decry the conspiracy. ("Your just short!, Your long there competiter," etc.)
Issue vague threats of personal or cosmic reprisal. (Lawsuits, SEC action, bodily injury, wrath of God, etc.)
Refuse to dispute or even acknowledge the facts presented in the analysis.
Attempt to shift the blame for a stock's drop in market price (if any) to those who reported the story, rather than those who perpetrated it, i.e. management.
Evoke the penny company's grand future, without supporting the valuation with any operating metrics.
Plead for the writer to "stop picking on" the "little guy."
Complain that what was written "isn't journalism."
Oddly enough, it's not just the penny stock investors who engage in this comic self-destructive exercise in self-denial. Sometimes, it's the penny-stock company itself.
...
"How dare you! A journalist would never say something like that!"
Exactly.
That is the very essence of what makes us different here at The Motley Fool. Yes, we discuss the news, but we are most certainly not "journalists." I've been in the journalism game, kids, and if you think it's clean, I have some penny stocks to sell you. At the Fool, we are investors ... What's the difference? Financial journalists are those folks who regurgitate press releases for you, as if you couldn't read them yourselves. Journalists are the folks who spend their mornings trying to come up with a snazzy way to justify the day's action in the market, even though it hasn't happened yet.
We concentrate on individual companies and what their particulars mean for your portfolios. We don't aim to be objective. We don't try to agree. We don't even aim to be right all the time. We aim to help Jane odd-lot think for herself. We're here to point out the many sharks waiting out there in that vast investing ocean. We hope it's fun and informative. But sometimes, it means tough love.
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I have tried to avoid posting the name of company in question and the line of business envolved as they are not a direct competitor with VTSI
What I have been reminded of, however, were the attacks on me over the years from a select few on this board that seem to fit the billing described above (How to defend your penny stock)
I truly hope that my suspicions about VTSI being a cut (no pun intended <g>) above the normal otcBB company to be accurate. On that point (IMhO) the jury is still out.
Best to the board and the patient longs here!
kp
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