|Post removed by ADVFN|
|Hellisreal has given his consent to re-post the following, it's worth reading
Hellisreal - 23 Apr'06 - 14:26 - 658 of 704
This was an interesting post that was reposted on stockhouse...
As many of you are aware, I am a paid 'basher'. As childish as bashing might seem on the surface, a lot of money actually exchanges hands based on the work we do. I work(ed) for an investment firm based in Toronto, Ontario, Canada. I worked in cooperation with several others and under several aliases in several online investment forums. Including PresidentBush, Tooth18, OneVultrue, 7Midniqht and Herbacious on Stockhouse.
To make a long story short. I have had an epihphany in the past few days. I watched the movie Fight Club, and as brutal as the movie is on the surface, it actually caused me to question a lot of things I do or have done in my life. The next day I was involved in a single vehicle car accident, which caused my vehicle to roll-over. I walked away from it all, but it got me to thinking. I only live once, is this what I want from my life? Is this what I've always wanted to do - I am not even proud of my career or myself. I say that I am a stock broker, but that is a lie. We are basically paid con-men. I quit today, no questions asked. Just walked out. I am 23 years old, and this is not what I want out of life.
The scheme works like this. Be aware of it so you can guard yourself. Our company monitors undervalued companies with strong assets and strong potential. When this company, XXX.V, for example, reaches an overbought situation, our company begins selling shares that we do not own in hopes of purchasing these shares at a lower price later on. As the share price dips, our company purchases these shares for a cheaper price at the lowered ask price. That is where we come in - we bash the stock online to try and further the negative sentiment so that the stock gaps down further and increases our profit margin. This type of activity is called naked short selling and it should be illegal. Our firm is a well established one that deals out shares that we do not own, then send out an army of online rats to undermine the company's successes to drive the price down.
As an employee, I never really realized the effect it had on investors or companies. I just really cared about opening the gap as much as possible, so that I could make a larger commission. It was all just a big game.
Hellisreal - 23 Apr'06 - 14:28 - 659 of 704
LEARN ABOUT HOW BASHERS WORK: For instance: did you know that some Bashers are paid?
IGNORE THEM ...learn how professional Bashers are paid: When you REPLY to Bashers you give them an opportunity to earn appox. 5-7 dollars. The service agreement they enter into with their employer states their messages will be monitored for content, profanity, lies, etc. but Overseers and the like don't have the time to check all their Bashers messages. Only occasional spot checks are done. Those who manage the Basher will generally read the headlines to see if a Basher is replying to other posters by name. That tells them the Basher isn't just "posting blindly" or repeating the same message over and over since they won't pay for those.(True to form a Basher will put the bite on anyone, even their unscrupulous employer). A Basher will attempt to milk three to five replies per post at one to two dollars each. This way the Basher spreads negative influence to as many stockholders as possible. A Basher will create this discussion thread because it takes less time reading more messages than is necessary. This ultimately allows the Basher more time to post and make money. In general, NEVER ENGAGE A BASHER. Make them read all the posts and think up ways to enter the discussion. NEVER ENGAGE A BASHER; if you do so then YOU BECOME THE BASHER,S AID! If you feel compelled to challenge a Basher do so without mentioning his/her true alias in your response. This will make it hard for the Basher to use your post as a revenue stream. Read the news, do your own homework and make your own decisions. Get real time quotes and follow the stock for a couple of weeks. Due Diligence is key here. Know that there will be a time when the stock runs up which will be followed followed by the Bashers and those that missed the boat. The Bashers will trash the stock by saying such things as "it's a Pump and Dump" and "the company is lying" and deceiving. There goal is to scare off newbies and potential new investors by "shaking" you out of your shares. Take the time to confirm your DD ,trust your own judgement and believe in yourself, pick your point of return or loss and live with it. Don't listen to hype or Bashers trust your own judgement. Live by the rules you have created|
|Clear from the start it was a Stephen Dean company - Halewood have been involved in pushing shares in a number of Dean ventures. Wasn't that warning enough ?|
Things are not looking too good here are they?|
|Post removed by ADVFN|
|WELL THE COMPANY HAD £380,000 after paying out £120,000 from the £600,000 raised at the float, shares off loaded by the fianance company, as stated above post,
With £380,000 pounds to spend ,could get a 1 bedroom apartment in chelsea for that amount, and rent it out pay your self some wages and ask the market for more money off course, and take a few dd holidays around the globe and infor the mkt occasionally, and consider consolidation of shares and re float a whole lot more SHARES for max dilution off course, should your other company up UPYOURSLEEVE LTD MAKE A SILLY OFFER WE CAN ALL SAY GOOD BYE TO THIS LAUNRDY COMPANY and return to looking at GAZE Property EMpire plimited|
|Post removed by ADVFN|
|I sounds that you have no idea about Croatians or their past but for some reason have found it fit to post your ignorance and lack of knowledge on this public board. Every single country has had a violent past and the UK is probably one of the few countries in the world which is at war continually through its existence. At the present global political climate Croatia is probably one of the safest and nicest's places one can take his family for a holiday. Croatia has been hosting millions of tourists every year and was visited even during its war of independence. Croatia is an unknown entity to some British investors but Italians, Germans, French and many East Europeans have in their thousands have invested in Croatian properties in the last 10 years which has created a dynamic property market. Many British families have bought too mostly inland Isra for example
Ignorance does not pay Mr Greg Hayford|
If you don't mind, who's your broker?|
|Never believe brokers !! But interesting 1 million buy ( supposedly ) at 3.75. Difficult to know what to make of events but be cautious with these Griffin companies ( Steven Dean ).|
|Word from my broker is that this may come back at about 8 to 9p. I will believe when I see it though!|
|Post removed by ADVFN|
|buy proprty in Croatia : Why?
Cos I've got time to waste|
Thanks will take a look at it.
mr ashley james
|Working in Croatia I observe that, rather like Spain years ago, it's the locals who are fly. All best bits gone. Wouldn't touch this with a bargepole.
Sound like chancers.|
|I think if you read the prospectus it says the funds raised will only be enough to carry out dd on prospective investments and pay the running of the Company for awhile. Raised a gross £600,000 but paid out about £120,000 in expenses so was left with only some £380,000.
I was offered the chance to buy some shares in this in a placing for 5p but declined.
Was put off amongst many things by the fact that the finance company that helped to bring it to market and charged a large fee was also a major shareholder until they unloaded much of their stake onto private investors after it floated.|
|would anyone give some information regarding the viability of this stock
Who thinks it is a winner?|
|Aim saw a new issue, Croatia Ventures, enjoy a good first day's trading yesterday. Placed at 3p, shares in the company ended the day at 4p. Guardian...|
by Alexander Green, Chairman, Investment U
Investment Director, The Oxford Club
Dear Investment U Reader,
Think the best investors are the smartest investors? Think again.
In 1998, Long Term Capital Management, a hedge fund created in 1994 with the help of two Nobel Prize-winning economists, blew up. The geniuses in charge of the fund used a statistical model that they believed eliminated risk from the investment process. And if you've eliminated risk, why not bet large?
So they did, accumulating positions totaling $1.25 trillion. Big mistake. The fund's investors lost billions. To clean up the resulting mess, Federal Reserve Chairman Alan Greenspan had to orchestrate a buyout by 14 major investment banks.
If only this were an isolated example...
Mensa is a society that welcomes people from all walks of life, provided their IQ is in the top 2% of the population. Unfortunately, these folks could stand to pick up a copy of "Investing for Dummies." During a recent 15-year period when the S&P 500 had average annual returns of 15.3%, the Mensa Investment Club's performance averaged returns of just 2.5% percent.
That isn't just lagging performance. It's more like getting left on the station platform.
Use Your "EQ," Not Your IQ
It turns out Daniel Goleman was right. In the 90s, he was the guy promoting the notion that success is more closely tied to emotional intelligence than education or knowledge.
In his book "Emotional Intelligence," he writes, "As we all know from experience, when it comes to shaping our decisions and our actions, feeling counts every bit as much and often more than thought... Passions overwhelm reason time and again."
Goleman argues that two key aspects of emotional intelligence are impulse control and persistence. And these are exactly the two qualities that will keep you from abandoning your investment strategy in a panic.
Take the last four months, as an example. The market began a meltdown in early August when it became apparent that rising defaults in the subprime market were creating a liquidity crisis in world credit markets. As stocks sunk lower, many investors feared the worst and bailed out.
Then the Fed began cutting rates aggressively and the market rebounded smartly. Investors began to feel optimistic again and piled back in. The market promptly went back into the tank. Many of the same Nervous Nellies sold out again in mid-November. Only to see the Dow soar nearly 700 points over the next three weeks.
Don't look for logical explanations of what's going on here. It's not rational behavior that causes these dramatic short-term swings. It's fear and greed, plain and simple. And, as we're still in the early innings of this credit crunch, the volatility is likely to be with us awhile.
What does this mean for you as an investor? It means you need to use your EQ, not your IQ:
1. Do a reality check. Recognize that investing in stocks means your account value is bound to sustain wide fluctuations from time to time. It's unrealistic to think you're going to earn the superior returns only stocks can give while watching your brokerage account rise as steadily as a savings account.
2. Automate your investments. If you're in the early stages of wealth accumulation, use a discipline like dollar-cost averaging investing a consistent amount at regular intervals to take advantage of the market's occasional swoons.
3. Follow a trading discipline that negates emotional decision-making. Trailing stops, for example, don't feel fear, greed, hope, envy, pride or jealousy.
4. Resist the urge to "do something." It's one thing to feel fearful about the market. It's quite another to let that fear trump your well-laid investment plans.
Studies in Behavioral Finance clearly demonstrate that it's not your store of market knowledge that is most likely to determine your success as an investor. It's whether or not you let your emotions dictate your actions.
I'm not saying you shouldn't feel emotional from time to time. After all, we're only human. But it's safe to say that if you let those emotions control your investment decisions, eventually you're going to feel something entirely different...
As always, TMF is a wonderful educational tool regarding financial matters. What follows is a random collection of points I've learned from other posters over the last 6 to 12months or so, on how to maximise your profits on your short positions...
1. Being Effective
To succeed in shorting there needs to be a catalyst. If everything's rosey, you'll get nowhere. You need a smokescreen... there's no smoke without fire. Choose a share or sector where there are known issues.
To have an effect, you don't want to be seen as having a negative history. Your current negative stance shouldn't look like your normal stance. If you already have an established profile on a message board, you can use that, although any attempt to push things beyond the sensible may wreck your profile, that may not bother you (it may help your credibility for enough time to achieve your aims ... you may even have been intentionally building up your profile for just this opportunity), but if it does it's easy to set up a new profile. This won't have any history, either postive or negative.
And, afterall, message boards get new posters all the time, so a newbie posting won't in itself raise suspicions. In fact, why stop at one?
3. Choice of name
If you're creating a new profile, everyone expects share rampers/derampers to have quite macho or dynamic names. To hide your true intentions try to think of a name that's cuddly, or ideally has a feminine aura. This will keep other poster's guards down. Also, when posting coming across as a naïve newbie will help keep peoples guards down. If anyone questions why you've suddenly appeared and taken an interest in a share when you are so negative, see section 13.
4. Negative Image - Pushing via repetition
Once you've got your persona, the simplest thing to do is just state your opinion. Over and over and over again. One liners are more than enough. Just keep repeating... this company is going out of business. Again, and again, and again. Don't worry if others respond with reasons to the contrary. Don't engage. Just keep repeating. This puts doubt into other reader's minds about whether they should be risking their money.
5. Negative Image - Enhancing Third Parties
In section 1 you chose a sector with problems. This helps. There will be respected posters who will post about the problems, warning others of them. These posts will be genuinely meant, and conatin genuine reasoning and fact.
Recommend these posts. The more people that recommend them, the more people will read them. You will also achieve the effect of elevating those poster's egos, potentially encouraging them to post more. Again keep recommending them. Get a virtuous cycle going.
You can also add your one liner insusbtantial comments to their threads to increase the apparent negativity. (Section 4)
6. Negative Image - Incorrect Information
Message boards are full of incorrect information. Add your own. For example who would trust directors with no shares in their company? Whether true or not, keep repeatedly (section 4) stating that the directors mustn't have confidence if they don't own shares in their own company. Repetition is the key. Very few would bother to confirm these facts, and if anyone posts a correction, just ignore it. Keep repeating the message. Any corrections will soon fade by the wayside.
7. Negative Image - Rumours ... the shorters friend
The slighest whisper of bad news, make sure people know of it. You don't need to provide a reference for it to be effective. In fact, who knows who starts rumours? Just make up a story, and if anyone asks where you got the info, just say it was offline and be vague to prevent anyone checking. People will be unsure whether to believe you or not, but that doesn't matter, it will still put doubt into potential investors minds helping them hold off.
8. Negative Image - The Trend is your friend
Whenever the shareprice drops this is a godsend. Make the most of it. Increase your postings of one liners stating the company is going out of business. This will increase the fear in potential buyers causing them to hold off their purchases. Keep fueling the negative cycle.
9. Facts - Lies
Others will post facts trying to stipulate why things aren't as bad as is being made out. Circumstance change for companies, and you can captialise on this. How would anyone know what the directors knew in advance? Make the most of it... keep claiming the directors are liars. No-one can prove otherwise... you're basically saying that any 'facts' that anyone could use against you are fabricated... and they can't prove otherwise. This stops those with a positive stance getting that killer point across that kills your required bearish stance. This is your safety. If you take this stance, no-one will be able to rationally kill your stance.
10. History - Evoke the middle ages
Well almost. There are plenty of examples in history that are now seen as extremely bad. Just look at the soup queues in the US in the 1929/1930s depression! Since predicting the future is almost impossible, keep eluding to such periods in history. This will help increase the fear and doubt. All it needs is potential buyers to hold off their purchases... fear of the future is your amunition.
11. Lead By Example - Manage your herd
People like to see others doing the same to sort of validate their decisions. Pretend you have bought (or you may even have genuinely bought a rally to day trade!). Then post that you are selling. This then adds more weight to your rationale, irrespective of how weak that rationale may be. And remember, no-one can actually tell what your trades are, so you can make some up.
In fact, emphasise your losses so far. That way people are even less likely to accuse you of bravado, and therefore think you're on the level. If anyone tries to convince you otherwise, you know the drill... fear and doubt. Keep fueling their fear of the unknown... it's future losses that matter, not historic profits. If anyone tries to present facts to help you 'change your mind', refer to section 9.
With a bit of practice you'll straight away spot other like minded posters. Join in with them. Recommend their posts, add your own posts (section 4) agreeing with them. Build up a critical mass of people. With enough fear and doubt across posts, uncertainty and lack of individual strength of charactor regarding their investment decisions will help put off many potential buyers. If you play it right, no individual could be seen as trying to manipulate the market, but as a collective, your goal will be achieved.
13. Motiviation - Admit nothing
Don't let people know your motives. Remember section 3? Play on this by pretending your presence is out of concern for shareholders and their finances. You don't afterall like seeing others lose money do you? I said, do you?
Potentially you could pretend to be a buyer in waiting, but expecting much cheaper prices. This has the advantage in the psychology that no-one likes to think the next man has bought the same thing cheaper than they have. If they think another poster looks like they're going to get their shares cheaper than the current price, this will cause current potential buyers to hold off, because they will also want that better price, no matter how (un)likely that price is.
Again, the trend is your friend. Whenever the price drops, bring this one up again to stop the bottom fishers halting the slide. Why buy toady when your fellow poster is going to be buying the same thing cheaper tomorrow! What a Fool you'd be!
If the price turns, just remind everyone it's a sucker's rally. Again, eluding to the fact that their neighbours/fellow posters will again be buying cheaper in a few days time. Afterall, what a Fool you'd be to buy the peak of a bounce in a bear trend.
14. Facts - Be careful
Facts should be avoided at any cost. Never use a fact in your rationale. This is critical. A fact would allow a context to be put on your position. And that's bad. You want to always be able to make things out as being worse than they are. Facts would put a stop in that! If anyone else uses facts, or asks you to use facts, refer to section 9.
You could pretend to use 'facts' but make sure these are tangential to any point of substance. For example, when stating how bad the economy is going to be, don't use sensible facts like IMF predictions, etc. Instead use 'facts' like how long the queues to the bread kitchens were in the great depression. Even if those facts weren't asked for or relevant. Think like a politician.
A good card counter will ensure they don't play the perfect game. Likewise, selectively and strategically throw some decoys. Don't make your intentions too obvious by giving away too many clues. In fact, an occasional forray into the bulls camp will help give you a genuine appearance, and make it look like you're basing your opinion on real time facts and events. Making your imminent and inevitable switch back to the bears camp seem all the more genuine.
Whatever you do, make sure to report this post as soon as possible. Others mustn't be aware of your strategy. Ignorance on the part of others is (financial) bliss (for you).|
|Wednesday, May 15, 2007
One great way to spot trends is to open the imagination through science fiction, a place where the mind can soar without the tyranny of current reality and technology. One path in this realm that I occasionally tread is the excellent dozen plus Vorkosigan Saga novels written by Lois McMaster Bujold.
Beyond the science aspect, Bujold says a lot about social structures and magnifies our current power structures with potential technology of the future.
One comment that especially stayed with me came from the novel Mirror Dance was a dialogue between an Emperor of a warlike world and a clone who had suddenly become an apprentice to one of the world's 60 Counts and unexpectedly the first heir to the Emperor's throne.
The Emperor is trying to succinctly explain an Emperor's power and says: "The Counts are the mechanism whereby one man (the Emperor) multiplies to sixty and then to a multitude. The Counts are the first officers of the Imperium; I am its Captain. You do understand that I am not the Imperium. An empire is mere geography. The Imperium is a society. The multitude, the whole body-ultimately down to every subject-that is the Imperium. Of which I am only a piece. An interchangeable part, at that. A link in a chain-mail. In a web. So that one weak link is not fatal. Many (links) must fail at once to achieve a real disaster. Still one wants as many sound reliable links as possible, obviously."
This often forgotten reality by many powers to be (that they are just one interchangeable link) in today's society is why recent messages have looked at the sudden and mysterious losses of bees in many parts of the world. The concern is a phenomenon called "Colony Collapse Disorder" (CCD) that could create the failure of many of our social links at once.
Thanks to dozens of readers we can share more ideas on might be happening.
First, numerous readers logically defied the idea that cell phones were the culprit of CCD.
One reader sent this good article: "In April 2007, news of a University of Landau study appeared in major media, beginning with an article in The Independent that stated that the subject of the study was 'mobile phones' (a term usually used to refer to cellular phones) and had related them to CCD. Cellular phones were in fact not covered in the study, and the researchers have since emphatically disavowed any connection between their research, cell phones, and CCD, specifically indicating that the Independent article had misinterpreted their results and created 'a horror story.'
"The 2006 University of Landau pilot study was looking for non-thermal effects of radio frequency (RF) on honey bees (Apis mellifera carnica) and suggested that when bee hives have DECT cordless phone base stations embedded in them, the close-range electromagnetic field (EMF) may reduce the ability of bees to return to their hive; they also noticed a slight reduction in honeycomb weight in treated colonies. In the course of their study, one half of their colonies broke down, including some of their controls which did not have DECT base stations embedded in them."
Another reader sent this article that shows the potential of an alternative cause:
"Flight of the honeybees. A fungus that caused widespread loss of bee colonies in Europe and Asia may be playing a crucial role in the mysterious phenomenon known as Colony Collapse Disorder that is wiping out bees across the United States , UC SanFrancisco researchers said Wednesday. Researchers have been struggling for months to explain the disorder, and the new findings provide the first solid evidence pointing to a potential cause. But the results are 'highly preliminary' and are from only a few hives from Le Grand in Merced County , UCSF biochemist Joe DeRisi said. 'We don't want to give anybody the impression that this thing has been solved.'
"Other researchers said Wednesday that they too had found the fungus, a single-celled parasite called Nosema ceranae, in affected hives from around the country - as well as in some hives where bees had survived. Those researchers have also found two other fungi and half a dozen viruses in the dead bees. N. ceranae is 'one of many pathogens' in the bees, said entomologist Diana Cox-Foster of Pennsylvania State University . 'By itself, it is probably not the culprit ... but it may be one of the key players. We still haven't ruled out other factors, such as pesticides or inadequate food resources following a drought,' she said. 'There are lots of stresses that these bees are experiencing,' and it may be a combination of factors that is responsible."
The article says that in many cases, scientists have found evidence of almost all known bee viruses in the few surviving bees found in the hives after most have disappeared. Some had five or six infections at the same time and were infested with fungi -- a sign, experts say, that the insects' immune system may have collapsed. One scientist called this the AIDs of bees.
Excerpts from another article several readers sent reinforce this idea of multiple causes:
"A mysterious decimation of bee populations has German beekeepers worried, while a similar phenomenon in the United States is gradually assuming catastrophic proportions... a small research project conducted at the University of Jena from 2001 to 2004. The researchers examined the effects of pollen from a genetically modified maize variant called 'Bt corn' on bees. When the bees used in the experiments were infested with a parasite, a significantly stronger decline in the number of bees occurred among the insects that had been fed a highly concentrated Bt poison feed."
The article gives us a theory that the bacterial toxin in the genetically modified corn may alter the surface of the bee's intestines, sufficiently weakening the bees to allow the parasites to gain a hold.
The article goes on to quote Walter Haefeker, a director of the German Beekeepers Association, as saying "the very existence of beekeeping is at stake."
Haefeker says in the article that the problem of colony collapse has a number of causes, one being the varroa mite. He says that another is the widespread spraying of wildflowers with herbicides. Another problem is monoculture. He also suspects another possible cause is the growing use of genetic engineering in agriculture.
But that could soon change. Since last November, the US has seen a decline in bee populations so dramatic that it eclipses all previous incidences of mass mortality. Beekeepers on the east coast of the United States complain that they have lost more than 70 percent of their stock since late last year, while the west coast has seen a
decline of up to 60 percent.
So perhaps this problem is a social sum total...humanity ignoring its relationship with the global web and failing to see itself as just one interchangeable part.
Whatever the cause, we can be sure that this is a vital problem because bees are such an important link in our world!
Albert Einstein said, "If the bee disappeared off the surface of the globe then man would only have four years of life left. No more bees, no more pollination, no more plants, no more animals, no more man."
Hopefully this problem is not quite as dire as Einstein's prediction, but I have no doubt of its seriousness. This will at the least have a profound economic impact.
Genetic fiddling may be part of the cause. Perhaps some of humanity's agricultural, genetic, biological and chemical leaders in their short term cleverness (and perhaps greed) have ventured too far into the inner space of reality without foreseeing the long term and holistic impact on the human web as a whole.
Our bio engineering may seem to support the human web and perhaps it has for a few years, but maybe at a devastating long term cost.
A New York Times article calculated the damage US agriculture would suffer if bees died out. Experts at Cornell University in upstate New York have estimated the value bees generate -- by pollinating fruit and vegetable plants, almond trees and animal feed like clover -- at more than $14 billion.
A CNN article suggested even greater economic devastation and said: "Unless someone or something stops it soon, the mysterious killer that is wiping out many of America's honeybees could have a devastating effect on the country's dinner plate, perhaps even reducing its people to a glorified bread-and-water diet. Honeybees do not just make honey; they pollinate more than 90 of the tastiest flowering crops the country has. Among them: apples, nuts, avocados, soybeans, asparagus, broccoli, celery, squash and cucumbers. And lots of the really sweet and tart stuff, too, including citrus fruit, peaches, kiwi, cherries, blueberries, cranberries, strawberries, cantaloupe and other melons.
A congressional study said honeybees add about $15 billion a year in value to the U.S. food supply."
For most of this millennium our web sites have looked at this problem. Great problems create great opportunity. Finding solutions to huge problems and investing in them gives us profitable ways to do good.
There must certainly be more profit now in raising bees. There are some that rarely sting. You can see a message in our archives about two ways to help bees (growing them and learning more about GM)