Beware - Stock scam
Message ID: 226427
Posted By: edgarmoon
Posted On: 2005-01-21 09:02:00
Subject: BEWARE - STOCK SCAM
Recs: 0
Since yesterday's close, there has been another flood of news and trolls trying to ressurect the bump from yesterday morning. So, here is a sincere warning to any new and gullible traders trying to jump on this current bump bandwagon.
The news is incensequential to the SCO/IBM lawsuit, it is part of an ongoing stall/delay tactic by SCO to drag on this case as they try to make more money from this stock scam. The reason the price bumped up was because hte institutions that are currently trapped in this stock scam can now breathe a sigh of relief. They can now continue a slowly paced exit from this stock scam at a lower loss than they would if this case did go to court. Once this case goes to court, SCO will lose their claims and the price will plummet, anyone holding the stock then will have lost their investment.
SCO is hemoraging money and will be bankrupt in the next several months. They have no viable profitable products, will not be able to escape any of their lawsuits without paying heafty damages, and have dried up all sources of pipe funding after screwing Baystar out of some $30MM dollars.
The Wells ruling hit Wed night, and the full effect was completed in the first hour of thursday trading, during which many foolish investors tried to jump on board to profit from the bump. They were shocked to realize that the bump was the most short lived of SCO stock scam history, and now they are all stuck with the price below their purchase. They will be pumping today like crazy to recover this loss (trying to push up to the $4.50 and above) however, long time bagholders are also exiting, which so far has driven the price back to $4.20. They will continue to exit, meaning this price will hit a ceiling and start dropping again. Anyone investing now will learn that hard lesson very quickly.
So, INVEST AT YOUR OWN PERIL. Now, back to your regularly scheduled troll bashing. (some say it builds character, others just say its fun to do)
------------------------------------------------------------
The text of this Yahoo Message Board post has been licensed for
copying and distribution by the Yahoo Message Board user "edgarmoon"
under the following license:
License: CC Attribution-NonCommercial-ShareAlike v2.0
------------------------------------------------------------
Posted By: edgarmoon
Posted On: 2005-01-21 09:02:00
Subject: BEWARE - STOCK SCAM
Recs: 0
Since yesterday's close, there has been another flood of news and trolls trying to ressurect the bump from yesterday morning. So, here is a sincere warning to any new and gullible traders trying to jump on this current bump bandwagon.
The news is incensequential to the SCO/IBM lawsuit, it is part of an ongoing stall/delay tactic by SCO to drag on this case as they try to make more money from this stock scam. The reason the price bumped up was because hte institutions that are currently trapped in this stock scam can now breathe a sigh of relief. They can now continue a slowly paced exit from this stock scam at a lower loss than they would if this case did go to court. Once this case goes to court, SCO will lose their claims and the price will plummet, anyone holding the stock then will have lost their investment.
SCO is hemoraging money and will be bankrupt in the next several months. They have no viable profitable products, will not be able to escape any of their lawsuits without paying heafty damages, and have dried up all sources of pipe funding after screwing Baystar out of some $30MM dollars.
The Wells ruling hit Wed night, and the full effect was completed in the first hour of thursday trading, during which many foolish investors tried to jump on board to profit from the bump. They were shocked to realize that the bump was the most short lived of SCO stock scam history, and now they are all stuck with the price below their purchase. They will be pumping today like crazy to recover this loss (trying to push up to the $4.50 and above) however, long time bagholders are also exiting, which so far has driven the price back to $4.20. They will continue to exit, meaning this price will hit a ceiling and start dropping again. Anyone investing now will learn that hard lesson very quickly.
So, INVEST AT YOUR OWN PERIL. Now, back to your regularly scheduled troll bashing. (some say it builds character, others just say its fun to do)
------------------------------------------------------------
The text of this Yahoo Message Board post has been licensed for
copying and distribution by the Yahoo Message Board user "edgarmoon"
under the following license:
License: CC Attribution-NonCommercial-ShareAlike v2.0
------------------------------------------------------------