The SI post has a nice little spam for Phil's book I see.
I disagree with you about Bob "Everything Happens For A Reason (Duh)" O'Brien being a scammer. I think he truely believes this stuff. The worse he can make the "problem" appear, the more important he becomes in his own mind as a result. I expect things to get progressively "worse".
The best con men aren't the liars, it's the delusionals. Maybe the world will luck out and they'll feel compelled to catch a space ship, although I'm not holding my breath.
Looking for a catalyst for BooBoo's final psychotic break?
Novastar cutting their dividend ought to do the trick.
hmmm,
the mad dogs of theinsanitycheck.com
forgot to delete my post.Stranger still,they didn't even bark.:
Re: It's The End Of The World As We Know It By Tony Ryals on 11/25/2006 5:42 PM
My Post To Lard Rees-Mogg's Weblog on London Stock Exchanghe,NASDAQ and his partner in fraud James Dale Davidson who began the 'naked short' lie to conceal his pump and dump activities..............
http://cleveland.indymedia.org/n...06/11/
23743.php
Two things:
1. Isn't there are point at which hysteria reaches a limit - sort of like the speed of light - and can no longer be said to be increasing? Methinks the point was reached some time ago.
2. Next time yer over at Forbes, any chance of bringing us
a. An update on who/what/why the lovely Ms Liz Moyer is carrying the conspiracy theorists water with such enthusiasm;
b. What's the deal with Amex love-in in late Sep. and
c. Present company excepted, when it plans to become readable again?
Liz Moyer, Forbes, and splitting the difference.
In the Dec. 11 issue of Forbes, p. 152, Liz Moyer seems to suggest that ordinary retail folks get in on the stock-lending action.
Take-away sentences, "Charles Schwab has a program allowing retail customers with hard-to-borrow stocks to get some of the fee revenue....customers contacted by FORBES report Schwab paying 8% for NovaStar shares. Fidelity Brokerage says it is looking into setting up a similar program for its retail customers."
Hmmmm. There's alovely splitting-the-difference quality to this proposed bet, er, investment. On the one hand, the retail investor has to look for a stock that is likely to be hard to borrow, because a lot of short sellers want it. But on the other hand, he/she has to look for a stock that will survive the onslaught of whatever factors make so many short sellers interested in it. So the stock will continue to have some value. Once it goes to zero (if it does) nobody will want to borrow it anymore.
You could always try again, of course, but here as elsewhere I expect a retail investor wouldn't want to churn.
Penny stock scam artists are picking up on this NSS mythology to explain why their pumped up share prices collapse.
A prime example of this is the travesty of a stock that is CSHD, a grey sheet company under SEC investigation for claiming ownership of billions of dollars worth of bonds despite having changed CEOs three times and fallen from $4 to 2 cents in the last couple month or so.
The CEO rambles on about naked short selling among other things for five hours on something called Subpenny Radio, and the cult-like parade on Hotstockmarket.com eats it up and regurgitates -- although you get the feeling 3/4 of the posts are a handful of paid pumpers using multiple aliases, given the speed in which naysayers are banned and their posts deleted.
Some of these "investors" on Hotstockmarket.com truly are sad cases. One is some guy in Iraq, lost it all, another guy who put his entire retirement, $130,000 or something, another guy facing foreclosure, put his last $5k or whatever into this POS hoping for the big payoff...
But of course by screaming about paid bashers, a crooked SEC, and this whole NSS scam, the pumpers get the marks to mistrust the SEC, blame a bunch of strawmen, and prime them up for the next scam.
It would be laughable if it weren't for all the broken families, bankrupticies, and lost life savings these things engender.
Happy holidays, Patrick Byrne.
Hey, I got accused of being Gary by the cult leader himself, and by super loon "Bob O'Brien."
All within a 3 hour period. I feel like I won the daily double. Maybe pointing out the absurdity of their cyber stalking web site was starting to bug them.
How many people out there have been accused of being Gary himself? My 3rd grade teacher would be proud of me for being mistaken for a writer, but she would realize the stupidity of the accuser.
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