Just posted this on the ILUB, won't last long....
Post# of 2918
Just posted this on the ILUB, won't last long....
This is a post from another IHUB board (posted by WhiteMike) that has been deemed acceptable and provides an excellent insight as to what I believe is happening on this board. The information is generalized so as to not attack anyone, just an honest discussion regarding one of the trading styles utilized by some, even some on this board and in this company Tytan.
" A good read for those who want to know what's really going on here:
Quote:
Short & Distort shysters try to profit by stimulating fear, but this only works if they have credibility. As such, when working online they will often use screen names and email addresses that imply that they are associated with the SEC or the Financial Industry Regulatory Authority (FINRA) (formerly the National Association of Securities Dealers), or that they can regularly spot worthless stocks. Their goal is to convince investors that every proponent of the stock has ties to the company and that the SEC is watching and will halt the stock. S&Ds also intimate that they are looking out for investors' interests.
The players clutter message boards, so optimistic information cannot easily be found. "Get out before it all comes crashing down" and "Investors who wish to enter a class action lawsuit can contact…" are typical posts, as are their projections of $0 stock prices and 100% losses. If their strategy is suspected by "longs", they attack the person who has caught them. In other words, the market manipulator will do everything in his or her power to keep buyers out of the stock and keep the price heading south.
The best way to protect yourself is to do your own research. Many stocks with great potential are ignored by Wall Street. By doing your own homework you should feel much more secure in your decisions. And, even if the S&Ds attack your stock, you will be better able to detect their distortions and be less likely to fall prey to them by selling the stock at a loss."
Read more: http://www.investopedia.com/articles/analyst/...z1pVoEmMq5
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