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Prudential Financial, Inc. Message Board

  • malcolm_designs_inc malcolm_designs_inc May 1, 2008 5:49 PM Flag

    People who try to Scare the Price Down

     

    I’ve had a long grudge against those who post doom-and-gloom messages on these boards for the purpose of scaring down the price.

    It’s obvious to most of us that they are doing this because they are either shorting the stock, or want the price to drop so they can get into a better position.

    Normally, I limit my ranting about this to my blog, but in the case of PRU, I have a long-term relationship with them above the 100 shares that I hold. So, I think I’ll rant here instead.

    Let us take as a perfect example, the person who posted in here under the name “EuropeanGuy123”.

    The other day, he posted a doom and gloom message about PRU, so I decided to see what else he had to say over these past few months. Here’s what I found:

    5/1 – PRU – Short this sucker now
    4/30 – PRU - $60 tomorrow, watch and see
    1/24 – PRU – spoke to my broker, he said sell, is going to $50
    1/8 – PRU – going down to $40
    1/2 - PRU - $70 soon

    You get the idea.

    Now, I’m all for a person making money, I like money as much as the next guy; but if your entire financial strategy involves hoping that someone will believe your doom and gloom enough to drive the price down, that speaks volumes about the moral character of the person we are talking about.

    Mind you, I am a perpetual long on PRU. I still have my 1964 life insurance policy in force, and I will keep my 100 shares as long as the company (or I) am still alive.

    I guess I just take this personal because I do have strong personal feelings for this company. I am a conservative man and I believe in conservative ideas; and PRU has always struck me as a conservative company.

    Now .. we have seen in the past how rumors of doom and gloom can affect the shares in a company. They now say that the SEC is conducting a pretty large investigation into this sort of thing as it relates to the Bear Sterns collapse.

    I for one, hope they continue to investigate. I, for one, would be willing to donate money to an investigator bent on destroying those who play with people's lives for personal gain.

    I guess my message for those who hold this stock is… buy or sell as you like, but do so for reasonable financial reasons. Believe NOTHING you read on the internet.

    And to those who are trying to scare things up enough to short this stock… why don’t you move back to BSC. The price is low enough to where you can scare a lot of people there.

    This topic is deleted.
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    • never forget the one single greatest feature of this board - THE IGNORE BUTTON!! Spam, goofballs, etc. just hit that one little button one time and they disappear!

    • True Sig ..I have read some of the posts here and yes some are great posts .See ya take care Sig

    • Thanks Ewhus, you're right in what you say. Everyone has their own method, and something different works for someone else. Glad to be back here tho, good posters here and your way too. Sig.

    • HI pru holders. There is a 3rd type of invester you are not adding to the mix. If you go back and read some of my past posts you will see that I hold some shares long and I move in and out with other shares. Check when I have sold and bought. I have posted only what I was going to do or had done. I've made more money on the trading then the long term holdings.A good co. with some volatility= a money maker. I and many others will be waiting to buy more. We are what you call support on a tech. chart. GLTA. Buckshot

 
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