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Identive Group Inc. Message Board

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  • Big_bull3 Big_bull3 Feb 27, 1998 3:46 PM Flag

    Prior

    SCMM is going up, and no news.

    I am faced with enormous losses. I picked the wrong one to short. I am tired. I am sure only one person is behind all of this. He usually buys the stock every Friday, 10 minutes before closing time. You can see his frantic buys, driving up the price insanely.

    I guess I am not having good weekends these days.

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    • I am tempted to ask the 3 Bulls and all of their aliases how tight do their shorts fit, but I won't.

      The only reason I have posted here is to try to point out the gross exaggeration (alright, spelling?) of many of the posts and the (in my fiew) senseless risks on such a volatile stock. And there are only 10 million shares o/s!

      Whenever someone buys something like this they should NEVER do it with something they do not have! Whether that is stocks borrowed or money borrowed. I would love to do some kind of a butterfly straddle on the stock at this point but that is not possible.

      I do not like to kick a man when he is down, unless he really, really earned it of course, but the alarmism that some posters attempted to inject into what should be thoughtful discourse for the benefit of all interested enough to read it is one of the most distastful activities I have seen on the web. I consider it the financial and intellectual equivalent of the worst of the pornography I have seen.

      I do not wish you ill, but I do hope the education is permanent and that everyone makes a maximum effort to assure their participation on every message thread they visit constructive, and only constructive.

      No, I have no idea whether SCMM will hit $100 before it sees $25 again, or vice versa.

    • Note Friday's chart just before the close. This one is really being manipulated. Be forewarned that Presstek went to $200 before it ultimately collapsed.

      • 1 Reply to cal_poly
      • his name is prior!! this is unbelivable that the frankfort exchange lets this go on. i am saying this with out any real
        knowledge of how the germans run this market. but something is very fishy. this prior is like a louis ruykiser who gets to spout off
        10 minutes before the close on a friday[after he has bought or sold the stock he is talking about] i have dismissed the
        rantings of big bull until now , he is not crying wolf any more. at least in my view, it would be advisable to watch what prior does
        since he is driving this stock. a possible scenario would be that prior dumps his stock on mon and tues. then buy back on friday,
        he could do this over and over again. leaving us little fish dry on the beach. somebody call the polizie!!! a good wekd??
        DOUBTFUL!!

    • You are one day too early on shorting SCMM. This stock usually have a big run up (over 5 points) before it take a big nose dive. Anyway, good luck and have a nice weekend. It may work your way Monday!

 
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