I'll let Anthony explain what he does and why in a series of posts taken from his very popular open thread on Silicon Investor:
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Introducing Anthony from Pacific Investigations.Started By: Anthony@Pacific
Date: Nov. 30 1998 8:46PM ETThis thread is dedicated to helping investors maximize the profits and minimizing their losses, I deal primarily with over hyped, overvalued, fraudulent, promoted, spanned, or suspect equities.
I will almost always carry a personal position that is consistent with my postings. My positions may be considerable and may change and often times do change without notice simple request will always result in the most truthful answer possible.
Those who tout and or hype can find other threads to satisfy their needs..Good Luck and God Bless.
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To: Matt (8501 )
From: Anthony@Pacific
Wednesday, Feb. 3 1999 12:30AM ET
Reply # of 10548
Matt I know you
hate me and I understand that you blame me for losses in these stocks
but let me share
something with you....
69% of every position
I have ever taken on the short side over the last 5 years is now 0
bid if you include
the ones that trade under a dollar..it shoots up to 89% and the rest are
at or near their
lows with an occasional..the few that are still around include , FONX,
CFON..and a few
others..
This means if
i had stayed short and never covered I would have realized almost the
ultimate in possible
gains...
I pick garbage
with really shady management or severely overvalued stocks in which the
insiders are
raping the public..
I have put at
least 15 people in jail and helped Investors who have lost money in scams
recover almost
5,000,000 from the guys who swindled them and helped them win
millions more
in judgments that they will never probably see know you think
shorting is bad
or evil or something .,..but trust me when I tell you..it is the truly
most
noble of all
trading strategies..
I used to be one
of the biggest OTC brokers in the US..i earned 1.6 million in
commissions my
last year as a retail broker..persuading people to buy and trying to keep
them from selling..that
was in 1991 i was 23 and thought I was the hottest thing
around..I didn't
sleep well, I drank too much and partied way too much and the worst
part of it was
that I felt like a scum bag when a client lost money because I had to hype
a
recommendation
to induce them to get excited so I could earn a commission..and then
the stock would
drop down after the broker month ended and we all tried to make a
paycheckk..BTW
.,..we are in a new broker month now...so the push to make a check
for brokers isn't
so intense as it gets in the last week and a half of every month...watch
stocks towards
the end of each month they increase dramatically in volume as brokers
try to make a
paycheck..
But I was a broker who made people broker...thats what brokers do
I may not know
how to trade from the long side, but I know what you should never
buy..actually
Im not that bad at the longside but I definitely rely on others who owe
me
huge favors to
pick those..
Wanted Dead or Alive:
The Best of Anthony posts!!!
Submit your favorites HERE!!!..
Thanks from Top Guns
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