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chrisbaskett

05/04/05 9:11 PM

#25359 RE: frogdreaming #25355

Frog, proof of scam: How about Scotland Yard, FBI, Moffit Hospital, Nature Magazine, Harvard...ROTFL @ U
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bag8ger

05/04/05 10:30 PM

#25365 RE: frogdreaming #25355

grog,

Four years ago, I think I built a pretty good case that traders were manipulating the pps.

Pump and dump was their modus operandi. (Visit other boards, it's still going on, always with the expert trader, giving advice, building trust, then the big day comes, the expert pumps like heck, his loyal followers join the runup, and suddenly, he's either gone, or back wondering how the company could be so derelict in their operation....)

But that was long ago, and, because they were so successful, they no longer need to do anything but cry dilution, the most damaging event that can occur at the penny level.

I was also quite vocal in criticizing the foolish tactics of TBF when they hired people like the race car driver. (Now we have race card drivers.lol)

I can't label as a misdeed things traders legally practice in their daily lives here.

That would be like calling misdeeds the runs that Boston scores in the early innings to win the game.

I abhor flipping shares, I abhor marauding traders who swoop in and do their thing, but they're acting within the law.

I abhor the profession of day traders as it applies to the penny market. This was supposed to be where startups could get their feet under them and grow into competition or provide a new service to the marketplace. Instead, it's become a place where individual traders make a good living at the expense sometimes of legitimate, deserve-to-succeed companies.

If you think the conclusions I've made over the past four years are based on bluster, then I say, good luck to you, and I wouldn't invest any more than what that 540000 shares cost, if I were you.