SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

   PastimesAMATEUR STOCK NEWSLETTERS...DO WE HAVE A SILVER BULLET?


To: ISOMAN who wrote ()9/13/1998 6:58:00 PM
From: Janice Shell
   of 7
 
Well, let's hear it for Top Dogs!! Its founders, JimB and kevinl, couldn't DD their way outta a paper bag, but never mind.

And in all fairness, Jim has finally decided to leave the whole shooting match in kevin's incapable hands.

Kev DOES have his Secret Weapon, though: his name begins with C....

Share RecommendKeepReplyMark as Last Read


To: ISOMAN who wrote ()9/13/1998 7:26:00 PM
From: Mr.Manners
   of 7
 
iso,

In regards to the newsletters leading the lambs, good idea on the silver bullet.
I had one in mind for a certain pooch....Big Dump.
I believe the DD there consisted of checking to see how many had bought afterwards....
now if he had just said 'Let's make $$$,' minus the belief syndrome either in der leader or the stock-in-question, ok.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Mr.Manners who wrote (2)9/13/1998 7:28:00 PM
From: ISOMAN
   of 7
 
didn't he change from a grand pooch to a big Daddy?.....O maybe?

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: ISOMAN who wrote (3)9/13/1998 7:32:00 PM
From: Mr.Manners
   of 7
 
you mean O padre
o dad
o big dud

possible..........

Share RecommendKeepReplyMark as Last Read


To: ISOMAN who wrote ()9/13/1998 8:03:00 PM
From: Arcane Lore
   of 7
 
This is undoubtedly more applicable to the professional hypester than the amateur, but still may be of interest: #reply-5738420.

Share RecommendKeepReplyMark as Last Read


To: ISOMAN who wrote ()9/13/1998 8:04:00 PM
From: EL KABONG!!!
   of 7
 
isoman,

I have always wondered how these amateur newsletters work

You mean to tell me that there's amateur newsletters available to SI subscribers??? I thought that was just another urban legend. Hehehe...

Do they buy a whole bunch of shares before they recommend it, or do they buy after the recommend?

Generally, they don't have to buy their shares. They probably hype enough that the hyped companies give them their shares for free. Why not? They're usually worthless in a month or two anyway.

Do they do the research on the stocks before or after?

Research? What research??? The company tells 'em everything the sheep need to know!

When do they sell? Do they tell when they sell, or do they just vanish?

It's not polite to sell and tell.

Do they sell, then start posting so called bad news and ifso is this just a poor attempt to lower the price?

They sell into the pump and hype into the dump. When they post the bad news, it's usually an attempt to divert the attention to other factors so that the flock realizes that what's occurred is definitely not the fault of the newsletter. In fact, usually there's no possible way that the newsletter could of or should of known. The fall in price is usually due to bashers, and is almost never the fault of management, unless the SEC has stepped in and shut down the company.

Do they even buy the stocks they promote, or do they wait for the run up and then short the stock to death?

Why take any chances on shorting when there's always a new pump 'n dump waiting just around the corner??? Don't mess with success!

Are they well seasoned investors, or just a young kid with a computer and a direct trading account?

Usually, they're people living life on the edge. On the edge of reality... On the edge of credibility... On the edge of honesty...

KJC

Share RecommendKeepReplyMark as Last Read


To: ISOMAN who wrote ()9/15/1998 2:11:00 PM
From: Ray Hughes
   of 7
 
isoman: Yes.

The letter writers do it all. But the biggest pay off is through IPOs. Letter writers are given opportunity to buy stock during the private company stage, or on the initial offering.

Example: in British Columbia, company X can sell private shares to 50 investors who must certify that they qualify as residents of the province. These shares are generally sold at about 25 - 50 cents to fund the corporate startup.

So, letter writer out of province gets a friend in the province to buy the shares (one case went to court last year) or, alternatively, keeps an apartment in the province to establish an address. The regulators seldom check to see if this is a legal resident so the scam is easy to pull off.

Letter writer buys 50,000 - 100,000 shares of cheap stock for, at max, C$32,500. Company goes public and letter writer publishes big, bullish story on same. Stock goes to several dollars on bullish story and while you are buying, writer quietly sells his 25 - 50 cent stock to you for, say C$2.50/share, or about C$250,000. In a bull market letter writer does this for, say, 5 companies each year. Quick C$1.25 million reported as US income to qualify for low US taxes.

He then asks you to pay him big bucks for his special edition service so you can get the hot tips first. Offer valid only to first x hundred takers at US$X,000 per. Another US$X00,000 per year.

Also gets great trips to world's exotic spots with stop offs at fine beaches, good skiing, etc. Great business, built on the back of investors' greed.

As a former Mining Securities Analyst and corporate IR person, I've taken a number of writers to exploration sites. Only one would know a mine from a barren hole in the ground.

In the 1800s it was called Mining the Eastern Stope (investors's pockets).

RH

Share RecommendKeepReplyMark as Last Read