posted
It makes it difficult for a group of people, like shareholders in a penny stock, to really all come together as a single unit. The reputation of the business just doesnt support it IMO. Its a playground for the dishonest.
Posts: 2307 | From: Michigan | Registered: Jun 2006
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quote:Originally posted by Mr. CATIAEngineer: It makes it difficult for a group of people, like shareholders in a penny stock, to really all come together as a single unit. The reputation of the business just doesnt support it IMO. Its a playground for the dishonest.
Actually if you learn the rules of the game you not only survive but can make money. Number one is to keep emotion out. Number two is to protect your capital, take the profit when it there.
We all have done it and probably still do it at times, I'm talking about waiting for the next leg up instead of cashing out and taking profits.
The deceitful use this to their advantage. It's called greed. Not saying that all people who look for a higher exit point are bad or that greed in and of itself is bad but those looking to take advantage of the retail buyer use it to their advantage.
Entry and exit strategy go hand in hand. One without the other spells doom.
Posts: 3077 | From: Los Angeles California | Registered: Jan 2006
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quote:Originally posted by Mr. CATIAEngineer: It makes it difficult for a group of people, like shareholders in a penny stock, to really all come together as a single unit. The reputation of the business just doesnt support it IMO. Its a playground for the dishonest.
I disagree. If we can base decision on the other traders/investors that through time have proven themselves worthy and not on the dishonest business we can come together, to look at, analyze, discuss openly without character assassination, the business and prospects of these businesses, we can win.
Posts: 3077 | From: Los Angeles California | Registered: Jan 2006
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quote:Originally posted by Mr. CATIAEngineer: It makes it difficult for a group of people, like shareholders in a penny stock, to really all come together as a single unit. The reputation of the business just doesnt support it IMO. Its a playground for the dishonest.
I disagree. If we can base decision on the other traders/investors that through time have proven themselves worthy and not on the dishonest business we can come together, to look at, analyze, discuss openly without character assassination, the business and prospects of these businesses, we can win.
"through time have proven themselves"
Thats what i meant by difficult. I agree with your post, but in some cases it may be too late once the people have come together.
The more stock related investigations I read about, the more I realize that "time" is an issue. The bad guys get it done in a flurry of mind blowing activity and then gone before the bottom falls out. Thats where the existence of emotions will hurt the trader. Without the emotion you should be able see through the flurry and act accordingly.
But if youre fortunate enough to meet some people along the way I suppose with each play you have a better and better chance of success. Posts: 2307 | From: Michigan | Registered: Jun 2006
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quote:Originally posted by 66inxs: We have always had a pretty good team here on Allstocks and I enjoy being a part of it. I will make a real effort to stay out of the drama and stick to the facts. I also hope i don't have a "black heart". Serenity in life is also a virtue.
Sticking to facts is crucial to my meaning of "black heart."
You demonstrated "thick face" by immediately owning up to your take on the same-names, different states.
In a different light, a boss I once had on a framing crew told us one morning, "If you ain't making mistakes...you ain't working very hard."
The corollary, though, is: always better to correct mistakes as soon as possible. Those without "thick face" have an over-riding ego that makes it difficult to concede mistakes.
quote:Originally posted by Mr. CATIAEngineer: It makes it difficult for a group of people, like shareholders in a penny stock, to really all come together as a single unit. The reputation of the business just doesnt support it IMO. Its a playground for the dishonest.
I disagree. If we can base decision on the other traders/investors that through time have proven themselves worthy and not on the dishonest business we can come together, to look at, analyze, discuss openly without character assassination, the business and prospects of these businesses, we can win.
"through time have proven themselves"
Thats what i meant by difficult. I agree with your post, but in some cases it may be too late once the people have come together.
The more stock related investigations I read about, the more I realize that "time" is an issue. The bad guys get it done in a flurry of mind blowing activity and then gone before the bottom falls out. Thats where the existence of emotions will hurt the trader. Without the emotion you should be able see through the flurry and act accordingly.
But if youre fortunate enough to meet some people along the way I suppose with each play you have a better and better chance of success.
Yes as we learn and share what we have learned the better we, as a group get. Those that allow emotion to drive them don't learn, they simple go on and on about how they were deceived.
Heck, I stayed away from this thread for a long time until someone came along to rabble rouse. I do have to say I learned a lot on this play, due to some very good people.
Posts: 3077 | From: Los Angeles California | Registered: Jan 2006
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quote:Originally posted by Mr. CATIAEngineer: It makes it difficult for a group of people, like shareholders in a penny stock, to really all come together as a single unit. The reputation of the business just doesnt support it IMO. Its a playground for the dishonest.
I disagree. If we can base decision on the other traders/investors that through time have proven themselves worthy and not on the dishonest business we can come together, to look at, analyze, discuss openly without character assassination, the business and prospects of these businesses, we can win.
"through time have proven themselves"
Thats what i meant by difficult. I agree with your post, but in some cases it may be too late once the people have come together.
The more stock related investigations I read about, the more I realize that "time" is an issue. The bad guys get it done in a flurry of mind blowing activity and then gone before the bottom falls out. Thats where the existence of emotions will hurt the trader. Without the emotion you should be able see through the flurry and act accordingly.
But if youre fortunate enough to meet some people along the way I suppose with each play you have a better and better chance of success.
Yes as we learn and share what we have learned the better we, as a group get. Those that allow emotion to drive them don't learn, they simple go on and on about how they were deceived.
Heck, I stayed away from this thread for a long time until someone came along to rabble rouse. I do have to say I learned a lot on this play, due to some very good people.
Ive actually been in a comfortable position with this stock since around August 06 thanks to several members here. I had never been involved in anything like it and who knows what I may have done "on my own". I could have done a lot worse.
I could have done A LOT better too though Posts: 2307 | From: Michigan | Registered: Jun 2006
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quote:Originally posted by Mr. CATIAEngineer: It makes it difficult for a group of people, like shareholders in a penny stock, to really all come together as a single unit. The reputation of the business just doesnt support it IMO. Its a playground for the dishonest.
Yup. IMO, that's why it is best to stick to the big boards.
I learned my lessons playing in the pennies. With the majority of these "companies," not all is as it seems. I made out well on a few of these scam plays, unfortunately I lost on a few too.
There are credible penny stocks out there, just gets real tiring sludging through the muck...
-------------------- Buy Low. Sell High. Posts: 9593 | From: The Land Of The Giants | Registered: Feb 2005
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posted
My comment on the last page about paople getting banned on message boards was meant as humorous, in case not all were aware.
I was chuckling as I wrote it, as I'm sure those that know me were as well.
For those, that are unaware, I was banned from a pro Rufus board as some here have been. I was just there to cause trouble for the "company" and attempt to pull folks from the "death star" so to speak.
The dang force dun let me down tho, as my craft was destroyed! LOL
-------------------- Buy Low. Sell High. Posts: 9593 | From: The Land Of The Giants | Registered: Feb 2005
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quote:Originally posted by T e x: well, omigosh...
personally, am not into the karma of "miserable-ness"...
but I see nothing wrong with credible follow-up in the interests of justice...
In other words, once again, this is business. No one should let emotions over-ride. That's how peeps get into stalking, midnight-harrasing phone calls, threats, etc.
As traders, we want--no, need--our personal lives to be as calm as possible.
Thick face, black heart: I know it "sounds" ominous...and can be "twisted" (oooh, Tex said 'black heart'), but seriously, that's the deal with trading. Like a surgeon, we're detached and all about the matter at hand... when we go in, and when we come out.
lol, hopeably, we don't leave a sponge inside...
Thrive among the cunning and ruthless through masterful dishonesty.....
Sad but true Mr T
Is that a carbon credit?
-------------------- Got CSHD? Its fun Posts: 766 | From: Washington, DC | Registered: Sep 2006
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posted
Was Samuel Israel's name ever thrown into the mix in cshd??? -
Fugitive hedge-fund swindler surrenders in Mass. By LARRY NEUMEISTER, Associated Press Writer 32 minutes ago
NEW YORK — A hedge fund swindler who set off a national manhunt when he faked his suicide to avoid reporting to prison surrendered Wednesday to Massachusetts police after three weeks in which authorities suspected he was hiding out in RV parks and highway rest areas. Authorities say his own mother helped broker the surrender.
Samuel Israel III, 48, walked into the police station in Southwick, Mass., at about 9:15 a.m. wearing a colored T-shirt and shorts, identified himself and said he was a fugitive wanted by the federal government, officials said.
"He was polite, very contrite and a perfect gentleman at all times," said Southwick police officer Paul Miles.
Israel disappeared June 9 just hours before he was to report to prison to begin serving a 20-year sentence handed down in April for his role in the collapse of the Bayou hedge funds.
Israel's SUV was found abandoned on a bridge over the Hudson River in suburban New York City with the words "Suicide is Painless" — the theme song for the "MASH" television show — scrawled in dust on the hood.
Prosecutors said he and two other men scammed investors into putting $450 million into the funds by announcing nonexistent profits and providing fake audits, and made millions in commissions on trades that lost money for the investors. The collapse of the funds prompted calls for stricter oversight.
Frank Dawson, public information officer for the U.S. Marshals Service in Boston, said Israel was talking to his mother on his cell phone when he surrendered. He said the marshals' service had been in contact for several days with Israel's mother in Illinois and as a result, the surrender was "more or less expected."
"Obviously, she probably had some kind of influence, which mothers usually do," Dawson said. "He knew they were getting close to him, so he probably did the right thing."
Officials said the recreational vehicle in which Israel fled was found in nearby Granville, Mass. Israel had planned to surrender in Granville but the town's part-time police department was closed, so he rode a motor scooter to Southwick to turn himself in, they said.
Israel was expected to appear in federal court in Springfield, Mass., later Wednesday. A call to his lawyer, Lawrence S. Bader, wasn't immediately returned.
Almost as soon as Israel's SUV was found, its key in the ignition, authorities suspected he had faked his disappearance. No body was found beneath the 150-foot-high bridge, and the anthem "Suicide is Painless" was sung during a fake suicide in the original "MASH" movie.
Officials said Israel fled in the RV with a scooter and other belongings. He was thought to be staying at RV parks, campgrounds or highway rest areas.
His girlfriend, Debra Ryan of Armonk, was arrested 10 days after his disappearance and charged with aiding and abetting his escape.
Ryan told authorities that on the day Israel was to surrender, she drove her car and he drove the RV to a rest area. Israel parked the RV there, and the two drove back to their home.
After Israel stopped on Bear Mountain Bridge, near West Point about 40 miles north of New York City, surveillance video showed a second car slowly pass his SUV and then stop.
That could explain how he got from the bridge to the rest area, but authorities have never confirmed reports that the driver of the second car had been questioned.
Ryan could face as many as 10 years in prison if convicted in the scheme to help Israel flee.
Southwick, where Israel turned himself in, is near the Connecticut line about 100 miles southwest of Boston. It is also about 95 miles away from the federal prison in Ayer, Mass., where Israel was to report.
Already facing a length prison term for conspiracy and fraud, Israel was likely to be charged with failing to surrender to serve a federal sentence, authorities said.
In a separate development, federal prosecutors announced Wednesday that more than $115 million is available to pay back victims of the Bayou fraud. The money includes whatever was forfeited by Israel and his co-defendants as part of their sentences, plus interest. The total loss to investors was about $300 million.
___
Associated Press writers Mark Pratt and Denise Lavoie in Boston and Tom Hays and Jim Fitzgerald in New York contributed to this report.
Posts: 140 | From: CT | Registered: Aug 2006
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posted
I was just going through throwing out things.. and i found my 6,500 CSHD share certificate.. I stopped for a moment.. thinking.. wow.. this cost me $12,000 at one time, and it currently worth a couple bucks.
I decided to keep it. I'll eventually frame it and hang it in my office as a reminder to TAKE PROFITS lol.
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