Hoodwinked?
posted on
Mar 31, 2011 09:52PM
(Edit this Message from the "Fast Facts" Section)
...no. JPM investors in general have been hand cuffed, knee capped, mugged and horse whipped ...and SFMI is merely a reflection of opaque currents in deep dark waters moving many markets. Geez, we all know this.
Come on peoples...we all know very well what the problem is and everyone is avoiding that subject...that old worn out anachronism, "the elephant in the room". That's why I'm tired of posting.
Go to the ECU forum and read what "Serenity Now" posted: "Just the facts". Some here post there and have read it. You guys know what's going on.
We all know these are not free trading markets. Naked shorting has infested these markets and JPM stocks (like SFMI) on the OTC and many on the TSX are lambs for the slaughter. They are and have been a constant cash stream for the bad guys...and it is big business. Hell, there are hundreds of paid posters working the various BBs with zeal. HFT (high frequency trading) is now capable of trading in 1/1000th of a second by MMs. The big banks and hedge funds have run amuck. They hate gold and silver...and they despise the JPMs. They have plans to buy the valuable ruins cheap because they have no physical that they have leveraged by 100 to one.
Nothing will change until the big boys are forced into it (or some entity takes them out...or they can buy out a JPM cheap). Then all the naked shorts are screwed as are many investors. Who owns the stocks? Where are the stocks? Where are the mortgage deeds? All those hundreds of millions of counterfeit stocks? Who will cover the hedge funds that go bankrupt? Your brokers are scott free. Who will scoop up the companies they ruined for pennies on the dollar? Guess. Is there a giant squid or a JP Gorgan about?
Go to the ECU site and read that post. SFMI is so managed it is pathetic and everyone is dancing all around the plastic mushroom. ..Like it isn't there. Girl Guide stuff. (SFMI is one of dozens I follow, so there is good company). You a buy the stock till hell freezes over and you will not affect the price. They will toy with you, taunt you and screw you. The stock will not go up until either they are ready...or they get over run.
You get the word that there is an inside nod, nod, wink, wink that a certain stock will run...regardless of any substance (see WDG as a suspicion)...and voila! You win! $3! Get in early though. Alternately, You see substance, huge resource potential and money in the bank...you could be screwed...near or in production...forget it...had multi millions spent on infrastructure by a previous owner and bought on the cheap?... and producing higher grades and with new discoveries...no PE of 10, huh? Speculation is dead they say.
Why are we looking at the trading of SFMI and blaming everything but the goddam obvious? Management and NRs and longs and honest posters and real buyers can do nothing. Bullshit games by bullshit posters spewing bullshit are actually being given credibility? What the farck is wrong with everyone? Do you ever really wonder who some of these jerks are????
I offered yesterday to hook up those interested on the ECU site with a nationally syndicated columnist who I had emailed about the corruptness in the Canadian JPMs and who replied to me for more information. I requested those interested, those so totally pissed off with the obvious face wash ECU has been getting, to inbox me. I got one reply from a good guy who suggested I get the reporter to contact some of the real experts in the field and I agree. I heard from no one else. Obviously there are many who are not angry enough to really do something about it. Why the hell I put my neck out is beyond me. I'm done with years of trying in my own small way.
I know some of you and I trust those I know...so don't take this the wrong way.
For the most part, I don't know who is who, nor do you….mostly on the other BB forums like iblub and shathouse. Depends on the stock/JPM site. I suspect some we have grown to trust and believe have been there to set us up. Maybe a few are just traders. All I know is that I have been posting on the BBs for 12 years believing in the honesty of gold. I have followed the advice of the best experts in the industry and I have tried to invest in those projects such as ECU that have huge promise. The experts have been right about the price of gold...but they have been totally shocked by the time it has taken, and is taking for the manipulation of the PMs and the stark undervaluation of the JPMs to play itself out. This error in judgment by the best in the business, those with deep pockets who have not suffered personally, those expert letter writers and others, ... and I can go back years to cite articles that gave the impression that an explosive upside was dead ahead...from James Dines to Jim Willie...many of those people have been totally hammered by the Wall St. bullies and all their sycophants. The deck has been stacked so egregiously that most of the experts can scarcely believe it and few admit it. Oh well, "the markets can stay irrational longer than you can stay solvent".
Following the advice of these standard bearers has unfortunately caused serious losses by many a small retailer...and I cite ECU as a great example. Here is a stock that was trading over $3 a few years ago when it had half the resources and exploration inferred potential... and gold and silver were half the price...and the stock trades under $1 now. The excuses puked out on the ECU site for years are intelligent but a little too professorial for my liking. (Sorry Pic...not picking on you) It is not that complicated folks! It is called fraud and criminality. Period. The little guy... even the little guy who did his homework got screwed...and a lot of the analysts, letter writers, experts and others have made money. But the encouragement ( naive in retrospect) was well meaning.
It has been a very treacherous journey and many have succumbed. It is no joke and while many are still in the game ...it does little good to those who have suffered to hear about how successful they have been and how many millions of shares they supposedly hold...and so on and so on. Well they say, you shouldn't be in the game if you can't afford to lose. Maybe they should think about the defaulting pension funds, insurers, municipalities, cities, states, small businesses, home foreclosures, and the banks that set it all up and got bailed out with the same little guy's $. Should they have been in the game? Too bad for the schmucks who didn't know about inside information, algorithms, HFT, naked shorting, concentrated shorts, surprise margin changes, massive leverage for only the chosen, debt forgiveness, lack of regulatory oversight, quantitative easing, lack of criminal charges for obvious fraud...and on and on. Stupid little schmucks!
Well Bippy, here's the good news. I personally know that some very wealthy people have millions of shares of various JPMs in their personal accounts...in their back pockets so to speak. They have held some of them for years, are constantly adding to them... and are willing to wait longer. They aren't bad...they just know that they will make fortunes some time down the road on all these JPMs they are holding. They don't need the money soon because they are rich now. They do not succumb to fear although greed whispers in their ear...as it does for us all. They don't care about the above mentioned miscreants because they know that big money is coming to the JPMs and that 10 baggers and hundred baggers will happen. They know that every day passed is one day closer to big returns.
You can take that to the bank Bippy. The only thing is, can you hang on? Can you continue to take the heat for at least a while longer? Are you prepared for the predictions of your favorite experts to be a little off course…yet again….weeks, months, even years (although even I do not think that). Have you ever noticed that term “in the weeks and months to come”?
Let’s put it another way. Is there a way to play the game with them? Yes. Just look at Pine Tree Capital PNP-T. It is sort of like a fund except it is a stock holding scads of juniors. Check it out. I don’t own it …yet. There are others. Not many. I don’t trust ETFs.
We know what SFMI has…and it isn’t bullshit. We know what ECU has and it isn’t bullshit…same for SGR, LSG, and dozens or others. How can that be denied?
Well, that’s my exhalation for now.