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BASHERS : THEY EXIST : ITS TRUE :DISCUSS HERE

post #1 of 41
Thread Starter 
Found this on the R/B board, on the FMLY thread..

Maybe someone could shed some light on this....

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By: joetunn
03 Mar 2006, 07:10 AM EST
Msg. 3689 of 3791
Jump to msg. #
Following was posted on the PTII board, I thought I'll let u know that, make up your mind:


[Begin:

Today I want to come clean about something I feel very badly about. I cannot undo some of the things I have done, but hopefully this message will prevent other such occurrences in the future.

I am a paid basher.

Yes, it is true. Today is my last day at this company; I'm moving on to a new job. I've realized that there are more dignifying jobs out there that can pay me equally as well. But before I go, I want to explain a few things because this just isn't right and I won't feel good about myself until I expose this sham. It's hurt too many people and I don't want it on my conscience anymore. I can no longer live with a lie.

I work for a company called Global Calumny Funds in Stamford, CT. Basically, it's a Boiler Room much like the one in the movie of the same name. The idea behind my group is to bash the price of a company's stock down low enough to where the group of investors who retained our company's services can buy the stock really cheap and perhaps even take it over all together.

There are approximately 70 people at the company divided into several groups. My group, consisting of 5 people, is responsible for IDWD. While I probably shouldn't give any names of anyone working here now, what the heck, I'm leaving here, so what can they do? sue me? Ha! I can tell you that laptoptrader and janice shell were part of my group until he left last week, as was ninaturtle. Others who have been part of this include early bashers like hard data and Investorman. You may be interested to know that some hypsters, such as MONEYMADE and even Datatech!!, have also been part of the scam (more on that later).

There are several companies engaged in the bashing business, ours is not the only one. However, I can tell you that not every basher in here is a paid basher. Having done this for a year, I can usually tell who is a paid basher and who is merely someone
having a little fun. While unpaid bashers have a different motive than someone like me, they can be unwilling accomplices to helping me achieve my ultimate goal and they also spread rumor and confusion throughout a room, which also helps me.

What is that goal? Well, I am merely a cog in a much larger machine, so my bosses never really explained the big picture to me, but I'd say essentially, Shaddowwatch2oo3 was right. There are several companies who are quite familiar with Jim Bishop and Janice Shell and who are deathly afraid of them.

There are three types of bashers here at Global Calumny Funds: Advanced, Intermediate and Beginner. An Advanced-level basher (also known as a Silver Tongued Devil) would spread false or misleading information about the company.
They would deal in facts, countering every longs post with articles, news reports and opinion surveys that gave a negative impression about the company.
post #2 of 41
I discovered this on another board and was trying to get it posted here the last couple of days. Glad it made it because I think this is a good read for all of us. Thanks.
post #3 of 41
Thread Starter 
An Intermediate-level basher (also known as a Serpent) would try to weasel their way into the confidence of longs and create doubt using rumor or innuendo.

Finally, a Beginner-level basher (also known as a Pitchfork) would attempt to create confusion in the room by distracting other posters with satire, name calling and pointless arguments. The idea was to make sure no serious discussion of the stock
could take place. A Pitchfork was usually a basher, but not always. Sometimes, we would throw in a hypster Pitchfork such as MONEYMADE and laptop and a pumper like Datatech to create the illusion of an argument going on. What was really funny (in a perverse way, I guess) was that Datatech and I sat next to each other, laughing the whole time.

I was a Serpent basher, because I am known for effective bashing based on solid facts and truth. I was paid a base wage of $18 an hour for my services. I was given a $1.25 bonus for every decent quality post over 100 per day as well as a monthly bonus of $100 for every penny the stock had dropped from the previous month. I was also paid a bonus for bashing on weekends. While this may not sound like much, I made a decent, though dishonorable, paycheck plus a nice Laptop with free wireless internet connection.

Each of us sat in a small half-cubicle in a cluster with our teammates. Each group (usually five people) was made of three beginners (two who would bash and one who would hype), one intermediate and one advanced level basher. Occasionally for some
of the hotter stocks, one of the beginners would be replaced by an intermediate depending on how much the stock was rising. IDWD was a low-level stock, meaning it got the 3-1-1 configuration.

Honestly though, somehow, I get the feeling that WV Hillbilly may have worked for a basher company or knows someone who does because the fund websites he occasionally posts is eerily similar to our employer's websites. While not exact, I'd say it is about 90 percent the same. We do have certain rules that we follow.

First, we have to develop a character and stay within that character in order to build a "following." My character, "FogOfWar," was a humorous, sarcastic, obnoxious supporter of free speech and loved to portray himself as a truth-telling superhero, but only when it came to bashers.

Next, we had to follow certain guidelines on what we could say. We were urged to have an "answer" to every long's question, but we were to frame that answer in a way that ridiculed the questioner for asking such a question. However, we were never to use profanity or vulgarity because that would cause people to ignore us. We were to make fun of people, but in a civil way. The idea was to get "play," i.e. reaction from other posters. The more play we got, the more the room would be disrupted. Ignored posters get no play. One exception would be the hypsters since they were "defending" the stock against our onslaught, they got a little more leeway. People would side with the hypster because they thought he was real since he appeared to be on their side, but was really on ours, setting us up to disrupt the room. MoneyMade was quite good at this and gets paid very well.

I've worked on IDWD, VLO, AGII, QBID, BKMP for a few months now. In addition to the FogOfWar alias, I've used a few others on several other boards as well. I've used so many aliases that I can not remember the monikers or the passwords. I honestly lost track of everything. I stuck with FogOfWar because it was the one that got the most play from other posters.

In closing, I feel absolutely terrible about this. It's just awful how I've been part of a scam designed to cheat honest, hard-working people out of their investments all for the
benefit of a few wealthy people who already have enough money to last a lifetime.

These greedy people MUST be stopped. That's why I'm posting this before I leave. I want to make up for some of the damage I've done. I can't live with this lie anymore. You can't imagine how hard it is to look at myself in the mirror each morning knowing my job is to cheat and lie.

I have to go now, I'm too broken up to continue. I hope this confession can make up for my sordid deeds; I would urge everyone who reads this to inform as many people as you can. Only by shining the light of truth can we drive these rats back into the darkness from whence they came. Believe me, they don't want publicity.

Good luck and I hope all of you the best in your investment endeavors.
post #4 of 41
Thread Starter 
I know its disgusting. And pathetic.
post #5 of 41
I moved this thread out of the other forum,it does not belong there.the info you have here has been in circulation for about 5 or 6 years so get with the program ok.
post #6 of 41
I've worked on IDWD, VLO, AGII, QBID, BKMP for a few months now. In addition to the FogOfWar alias, I've used a few others on several other boards as well. I've used so many aliases that I can not remember the monikers or the passwords. I honestly lost track of everything. I stuck with FogOfWar because it was the one that got the most play from other posters.


Is this someones opposite phycology to get you to buy the stocks mentioned above. Because I know that BKMP is a new name, if its been circulating for years, thats what im getting from it.
post #7 of 41
This was on another penny site that is really informative about buying penny stocks:
Lesson on Bashers

Lesson 1: Remember, BASHERS NEVER Bash A BAD STOCK. Check the boards for stocks with no potential. They never have any Bashers. Bashers only go after stocks that are moving up or have excellent potential to do so. Bashers work to bring the price down to either increase their position at the expense of others or help a Short make their bones.

Lesson 2: BASHERS ALWAYS BRING UP OLD NEWS THAT YOU HAVE HEARD MANY TIMES. New startup companies always have a few bits of bad news. The Basher will post this over and over again. Unsophisticated Bashers will try to freshen up old news with a new date or by-line in an attempt to fool you.

Lesson 3: BASHERS POST MANY TIMES A DAY. They try to wear you out. They comment on everything, every other post, and can answer every question. THEY KNOW IT ALL! There is no positive comment they won't Bash. They try to control the board. True longs may have to confront the Bashers or they will appear to the newbies as being the people with all the information. This is best accomplished by posting positive, well researched data on the company, repetitively, while trying hard not to engage the Bashers in direct repartee. REMEMBER - LONGS... RESIST USING THE BASHERS ALIAS!

Lesson 4: BASHERS WILL LIE TO YOUR FACE. Never trust a Basher. The truth on startup companies is that they make mistakes. What new company hasn't? The Basher will compare your issue to a another companies, financials - deals - management, etc., trying to lure you into making an Apples to Oranges comparison. Remember each company is unique and while it is prudent to seek out established indicators, do so with care and don't take someone else's word for it. Strive to come up with at least a "six-pack" of indicators so your vision of the state of a company is not tied to a single barometer. Not doing so is tantamount to going to a Race Track and betting on the "Pretty Brown Horsey". BASHERS WANT TO WHISPER IN YOUR EAR - PLANT A SEED OF DOUBT, AND HOPE THAT YOU ARE NOT SAVVY ENOUGH TO RESEARCH THE TRUTH ON YOUR OWN. This is how they achieve their greatest success.
post #8 of 41

hmmm

Quote:
Originally Posted by QuestSolver
I moved this thread out of the other forum,it does not belong there.the info you have here has been in circulation for about 5 or 6 years so get with the program ok.

wondering why Quest took offense to this post (kinda seems a little pissed)
makes you wonder
post #9 of 41
And this was posted as the Basher handbook:
Rules for Successful Bashing:

1. Be anonymous

2. Use 10% fact. 90% suggestion. The facts will lend credibility to your suggestions.

3. Let others help you learn about the stock. Build rapport and a
support base before initiating your Bashing routine.

4. Enter w/ humor and reply to all who reply to you.

5. Use multiple ISP's, handles and aliases.

6. Use two (2) or more aliases to simulate a discussion.

7. Do not start with an all out slam of the stock. Build softly.

8. Identify your foes (Longs) and the boards "guru" Use them to
your advantage. Lead them do not follow their lead.

9. Only Bash until the tide/momentum turns. Let doubt carry it the
rest of the way.

10. Give the appearance of being open minded.

11. Be bold in your statements. People follow strength.

12. Write headlines in caps with catchy statements.

13. Pour it on as your position gains momentum. Not your personality.

14. Don't worry about being labeled a "Basher". Newbies won't
know your history.

15. When identified put up a brief fight, then back off. Return in an hour unless your foe is a weak in reasoning powers.

16. Your goal is to limit the momentum of the run. Not to tank the
company or create a plunge in the stock; be subtle and consistent.

17. Kill the dreams of profits, not the company or the stock.

18. Use questions to create critical thinking. Statements to
reinforce facts.

19. DO NOT LIE, NAME CALL or USE PROFANITY.

20. Encourage people to call the company. 99% won't. They'll take your word for claims made. If they do call you can always find something that is inaccurate in how they report their findings.

21. Discourage people from believing Press Releases.
Encourage them to call the company. They won't out of laziness.

22. If the companies history/PR's are negative constantly point to that. Compile a list of this data prior to beginning your efforts.

23. If the price rises blame it on the hype or the PR, temporary
mass reaction, the market, etc. Anything but the stock itself.

24. If other posters share your concerns, play on that and share theirs too.

25. Always cite low volume, even when it's not.

26. Three or four aliases can dominate a board and wear down the longs.

27. Bait the Longs into personal debates putting their
focus/efforts on you and not the stock or facts. Divert their attention from facts.

28. Promote other stocks that would-be investors can turn to
instead of the one your Bashing.

30. Do not fall for challenges on the "values" of what you are doing, it's a game and you are playing it with your own rules.
post #10 of 41
Quote:
Originally Posted by birdman22
wondering why Quest took offense to this post (kinda seems a little pissed)
makes you wonder
offense? hell no,the more info the better but this BS so called letter has been in circulation probably long before many of you even started trading.I don't think this belonged in the trading forums either,it belongs right here for educational views.There are plenty of basher and pumper hand bool rules out here to to look over,I think investopia has then.
post #11 of 41
here...right from the presses...LOL

http://messageboardfools.com/bashers.htm
post #12 of 41
I just think something should be mentioned in this forum as I don't think a lot of new people to investing really know they exist. I have seen in other board where people have sold thinking that the person knew something more than the longs on the stock. At least what is in here is a basic lesson for any one new to investing and these chat boards.
post #13 of 41
Quote:
Originally Posted by calgarylady
I just think something should be mentioned in this forum as I don't think a lot of new people to investing really know they exist. I have seen in other board where people have sold thinking that the person knew something more than the longs on the stock. At least what is in here is a basic lesson for any one new to investing and these chat boards.
well I wouldn't recommend buying or selling any stock unless you know what your doing in the first place and have DD'd the stock yourself and always verify information if possible before making any decissions.Bashers do exist and so do basher teams and they have an agenda,some work for financial institutions that may hold short positions in a stock...who really knows? the bottomline is to be prepared and knowledgable in what you are doing.
post #14 of 41
interesting
post #15 of 41
where did this thread go?
post #16 of 41
Thread Starter 
Sorry
post #17 of 41
I agree with you totally Quest but all I am saying is this site is so informative for people new to the market that this should be mentioned here too just to let them know that bashing does exist. People that are new to investing think these people are experienced investors and think they have acccess to information or have found information that these new investors don't know about or where to find it. Knowing bashing exists gives them a fair chance as bashers do put a doubt in people's mind about stocks.
post #18 of 41
LOL, the whole 'Hi, I was a paid basher' thing?


Welcome to 2001!

I havent seen that thing show up in some time, I see its still making the rounds.
post #19 of 41
I think HSM is very helpful and it should try to be helpful but there comes a point where it is upto the person to make informed and wise choices. Without knowing about paid bashers, it is possible to make good amount in the market.

Lately too many things are being suggested as possible sticky topics. When the entire page is a sticky and only one thread shows as a non-sticky at the very bottom, you're doing something wrong by the way of organization. There's a proper place for each of the topics and HSM has them nicely divided. Personally, I'm not big on new forums for introduction and for watchlists 'coz they distract.

Overall at some time the person trading will have to be responsible. I agree that this topic should be in the HSMU somewhere but to make everybody and their chihuahua a sticky is plain wrong.

All in honest airing of opinion and JMHO. Not to offend!

post #20 of 41
something tellz me, thier alive and well, keep your eyes and ears peeled
keep ya head up and your wits about u, w/ $ comez ShadeBallz
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