Does this sound like some people we know" By Tom Martin aka "Steve Tracy" aka "Firebird_1965"
Today I want to come clean about something I feel very badly about. I cannot undo some of the things I have done, but hopefully this message will prevent other such occurrences in the future.
I am a paid basher.
Yes, it is true. Today is my last day at this company; I?m moving on to a new job. But before I go, I want to explain a few things because this just isn?t right and I won?t feel good about myself until I expose this sham. It?s hurt too many people and I don?t want it on my conscience anymore. I can no longer live with a lie.
I work for a company called Franklin, Andrews, Kramer & Edelstein in Stamford, CT. Basically, it?s a Boiler Room much like the one in the movie of the same name. The idea behind my group is to bash the price of a company?s stock down low enough to where the group of investors who retained our company?s services can buy the stock really cheap and perhaps even take it over all together.
There are approximately 70 people at the company divided into several groups. My group, consisting of 5 people, is responsible for BIFS. While I probably shouldn?t give any names of anyone working here now, what the heck, I?m leaving here, so what can they do ? sue me? Ha! I can tell you that GUTTWRENCH was part of my group until he left last week, as was Richardphx. Others who have been part of this include early bashers like Epiphonics and Simontaz. You may be interested to know that some hypsters, such as Amato7 and BIFWATCHER, have also been part of the scam (more on that later).
There are several companies engaged in the bashing business ? ours is not the only one. However, I can tell you that not every basher in here is a paid basher. Having done this for two years, I can usually tell who is a paid basher and who is merely someone having a little fun. While unpaid bashers have a different motive than someone like me, they can be unwilling accomplices to helping me achieve my ultimate goal and they also spread rumor and confusion throughout a room, which also helps me.
What is that goal? Well, I am merely a cog in a much larger machine, so my bosses never really explained the big picture to me, but I?d say essentially, GUTTWRENCH was right. There are several companies who are quite familiar with SWOMI and who are deathly afraid of it.
There are three types of bashers here at Franklin, Andrews, Kramer & Edelstein: Advanced, Intermediate and Beginner. An Advanced-level basher (also known as a Silver Tongued Devil) would spread false or misleading information about the company. They would deal in facts, countering every longs post with articles, news reports and opinion surveys that gave a negative impression about the company.
An Intermediate-level basher (also known as a Serpent) would try to weasel their way into the confidence of longs and create doubt using rumor or innuendo.
Finally, a Beginner-level basher (also known as a Pitchfork) would attempt to create confusion in the room by distracting other posters with satire, name calling and pointless arguments. The idea was to make sure no serious discussion of the stock could take place. A Pitchfork was usually a basher, but not always. Sometimes, we would throw in a hypster Pitchfork such as Amato7 or BIFSWATCHER to create the illusion of an argument going on. What was really funny (in a perverse way, I guess) was that Amato7 and I sat next to each other, laughing the whole time.
I was a Pitchfork. I was paid a base wage of $12 an hour for my services. I was given a $1 bonus for every post over 100 per day as well as a monthly bonus of $100 for every penny the stock had dropped from the previous month. I was also paid a bonus for bashing on weekends. While this may not sound like much, I made a decent, though dishonorable, paycheck.
Each of us sat in a small half-cubicle in a cluster with our teammates. Each group (usually five people) was made of three beginners (two who would bash and one who would hype), one intermediate and one advanced level basher. Occasionally for some of the hotter stocks, one of the beginners would be replaced by an intermediate depending on how much the stock was rising. BIFS was a low-level stock, meaning it got the 3-1-1 configuration. Somehow, I get the feeling that JPACK2 may have worked for a basher company or knows someone who does because the "Basher Handbook" he occasionally posts is eerily similar to the one we actually use. While not a word-for-word match, I?d say it is about 90 percent the same. We do have certain rules that we follow.
First, we have to develop a character and stay within that character in order to build a "following." My character, "Firebird_1965," was a sarcastic, obnoxious supporter of free speech, but only when it came to bashers.
Next, we had to follow certain guidelines on what we could say. We were urged to have an "answer" to every long?s question, but we were to frame that answer in a way that ridiculed the questioner for asking such a question. However, we were never to use profanity or vulgarity because that would cause people to ignore us. We were to make fun of people, but in a civil way. The idea was to get "play," i.e. ? reaction from other posters. The more play we got, the more the room would be disrupted. Ignored posters get no play. One exception would be the hypster ? since they were "defending" the stock against our onslaught, they got a little more leeway. People would side with the hypster because they thought he was real since he appeared to be on their side, but was really on ours, setting us up to disrupt the room. Padelcars is quite good at this and gets paid very well.
I?ve worked on BIFS, TSRG, MXII for about three months now. In addition to the Firebird_1965 alias, I?ve used a few others on the BIFS and several other boards as well. I stuck with Firebird_1965 because it was the one that got the most play from other posters.
In closing, I feel absolutely terrible about this. It?s just awful how I?ve been part of a scam designed to cheat honest, hard-working people out of their investments all for the benefit of a few wealthy people who already have enough money to last a lifetime. These greedy people MUST be stopped. That?s why I?m posting this before I leave. I want to make up for some of the damage I?ve done. I can?t live with this lie anymore. You can?t imagine how hard it is to look at myself in the mirror each morning knowing my job is to cheat and lie.
I have to go now, I?m too broken up to continue. I hope this confession can make up for my sordid deeds; I would urge everyone who reads this to copy and repost it as many times as you can. Only by shining the light of truth can we drive these rats back into the darkness from whence they came. Believe me, they don?t want publicity.
I hope all of you can forgive me and save me a seat on that Rnke rocket to the moon. If this helps, let me leave you with this?
posted
fake or not. the basic premise is correct. paid pumpers and bashers are for real. sometimes they get paid in stock, sometimes cash. but they get paid nonetheless.
posted
It has been passed around this and other boards for more then 2 years now. One thing I can say is it hasn't changed from its original form. But I have to say I believe paid pumpers are worse scum then even paid bashers. Good stocks can always bounce back if it is bashed but a bad stock you were talked into may never get your money back.
-------------------- Invest with your brain not with your heart.
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posted
Making an honest living in the securities market is hard work, and the outcomes are anything but certain. When you hire FAKE, the guess work is gone.
It is a well known fact that 99% of all true innovation comes from companies traded on the OTC-BB and the Pink Sheets. These scrappy little firms, headed by dedicated entreprenures come up with product and service innovations than can threaten markets worth billions if not trillions of dollars. Current market leaders have to stop them in their tracks. They hire FAKE.
And the current laws of Belgium, Bulgaria, and Canada prevent their citizens from ?"going long" on stocks. They can only make money by shorting these great little emerging giants; They hire FAKE.
posted
Not true. Most new innovations are from small private companies. And when they ipo they never see a penny. Microsoft, AOL, Wal-Mart for exaample were great ideals and all were ipo'd at good prices on the big boards. Pennies actually stay pennies in most cases. It is rare that a penny makes it out of the basement but when one does its good money but very rare and bashing had nothing to do with it. Pennies are for daytraders to make a living.
-------------------- Invest with your brain not with your heart.
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posted
Notice they use Fake . org as their title like they are a non profit agency out to help people. When in fact they are just a dot net. They try to fake you out with there name then talk about FAKE, lol. I guess it takes one to know one.
-------------------- Learn the hard way with pennies
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posted
the real lesson here is that there are real pumpers and bashers .Everyone should be doing their own DD if you are to follow the boards. (witch I very often do) only use them to find out if any one has come up with DD that you couldnt find. after listening to what someone has posted go out and research it for yourself. I never trust my investing capital to what someone has posted. Whenever in doubt DONT put your money on the line. if i have something to say about a stock i will post where i recieved my info from so that anyone could check the facts for themselfs.
good luck happy hunting and PROTECT your cash
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posted
I believe that there are pumpers. We all have a little of it in us when post after we buy a stock. But people who wants to promote worthless stocks that once you are in it your money is gone and you will not get it back, are still by far the worst.
Bashers I am not so sure why would some one, not corp, hedge funds, bash a company to bring the price down, get in at the lower price. How does he expect this company to do well after all the bashing he has done.
Thats is why I sometimes laugh when people accused others of bashing when they point some thing bad about their stocks, thinking that they just want to get in a lower price.
Do your DD dont rely on anyone else opinions and you will do just fine, with a little of luck of course.
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