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Fool Rival Investor Village Commits Sucide!

Recs

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March 28, 2009 – Comments (11)

FYI - I was locked out of my account for a couple weeks (during the rally) here at Fool for making fun of GoodVibes. I said GV was talking to and Recing himself and explained why. The Post, Badvibes from Goodvibes had 50 Recs, so the idea appears to have had some support here in Fooldom. 

I was looking to abandon Fool. I am one of Fools lead bloggers, pitch writers etc..., I was #1 in points, and one of recent stock picks went up 100% in less then 30 days (Ref Long SWHC, 17 FEB 09). I was at updown.com also, I climbed to #14 out of 101k, but I could not show my portfolio or strategy, so I abandoned updown.com and returned to Fool.  

Another rival site Investor Village just committed sucide. Gary Weiss has the story. It involves one of Fool's Favorite punching bags Overstock.com.  One of the first blogs/pitches that made me think Fool was an honest broker of information was TMFBent and Everydays pitch on Overstock.

Investors are desperate for HONEST information on stocks/investing. Most of the major brokerages and analyst are inept or corrupt or LIARS, so Fool and others provide a refuse for those to come share information and rant. 

Another great site for some finance/economy wisdom: /  http://garyweiss.blogspot.com

Message Board Positions Itself as Megaphone For Stock Touts

Ralph "Kramden" Kidd has a new business model in the works

As I've described in the past, the Investor Village message board has distinguished itself in the cause of investor poverty. It was a prime sounding board for perpetrators of the Novastar Financial subprime lending disaster, allowing investor hype to run rampant (as in this notorious post), to the point of drawing media attention. It was a forum for cyberstalking by Overstock.com's nauseating p.r. director Judd Bagley.

A couple of years ago, this ostensibly neutral investor forum banned white collar crime fighter Sam Antar from the Overstock.com message board for the crime of pestering CEO Patrick Byrne and Bagley with -- horrors! -- questions. He was first restricted to three posts a day, and then removed completely.

The move deprived investors of an opportunity for Antar to directly confront Byrne about his lies and accounting trickery. Overstock shares hit a high of $19 the month Antar was silenced. It's now trading at about $10.50, and has been much lower. Thank you, Investor Village!

But such ham-handed suppression of criticism is evidently insufficient to make Investor Village an antiseptic environment for corporate CEOs and their shills, and suitably hostile to critics.

Investor Village recently banned one of the few critical voices on the Overstock board, immediately after posting a response to Byrne on the message board. The response was deleted. No explanation was given. A message gloating about that was recommended by Bagley ("De Daumier Smith").

As a result, the board supposedly devoted to Overstock instead is dominated with nutty rants about everything but, and is silent on such material corporate events as its change in auditors. With its scant ranks of critics depleted, that subject has not been broached, and Byrne can now rant and rave without contradiction, at least from one persistent critic.

In an email to members, the site recently revealed that a new feature will allow users, including corporate managers like Byrne, to go back and delete or edit posts, forever and ever: "Unlimited Post Deletion and Editing, allowing you to correct mistakes when you need to." Since Byrne frequently changes his public announcements, as Lee Webb of Stockwatch has described, he can be expected to make good use of this new cover-your-tracks feature when he blurts out some incriminating admission, as he has in the past.

Cozy! Investor Village's operators, rather oddly it seemed at the time, anonymized its site registration a couple of year ago. Maybe it's not so odd after all.

Now, here's the funny part: Investor Village, which evidently hasn't made a go of it (don't ask me why), actually wants to start charging people.

The Rest is here: http://garyweiss.blogspot.com

11 Comments – Post Your Own

#1) On March 28, 2009 at 4:46 PM, portefeuille (99.66) wrote:

for those who do not want to wait for the new features of caps to arrive (see the announcements tmfjake made here (comment #13) and here (comment #47)):

abitare has made 514 outperform calls so far.

With these he has accumulated 775.16 score points giving an average point score on outperformance calls of 1.51.

The top 5 of his outperformance calls:

SWHC (point score: 93.63), SKF (82.04), SSG (65.91), LEND.DL (65.89), SDK (60.26).

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#2) On March 28, 2009 at 4:58 PM, portefeuille (99.66) wrote:

Your second best non-short-etf and non-OB/PK/DL-stock outperformance call (RGR) scored 44.56 points (#12 of your best scoring outperformance calls).

SWHC: Smith & Wesson

RGR: Sturm, Ruger & Co.

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#3) On March 28, 2009 at 5:00 PM, Tastylunch (29.48) wrote:

People can see what you do on marketguru.com but it's a pretty flawed system.

Hah investorsvillage! what a bunch of cowards.

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#4) On March 28, 2009 at 5:46 PM, AnomaLee (28.81) wrote:

Patrick Byrne --- Your company is TERRIBLE. If you spent less time blogging and blaming external factors for your firms poor performance and selection of crap products maybe JUST MAYBE your company could actually turn its first profit.

Funny, Patrick Byrne is trying to blow the whistle for the cops while conducting his own misdemeanors by misleading the public.

Economic warnings from Patrick Byrne:

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#5) On March 28, 2009 at 5:48 PM, AnomaLee (28.81) wrote:

abitare,

Investor Village is just a less cluttered version of the message boards on Yahoo! Finance with another poor interface filled with questions and stock pumpers. Less than 2% of the posts there have any real information, substance, or value.

I think your ban was unwarranted, but I think your attacks on GoodVibe were very unsubstantiated. If you would've spent less than 60 seconds digging around you would've realized that he has this flock of numb-minded sheep who flocked from the message boards of Yahoo! Finance. The MF has always been full of various ideas and receptive of criticism. Just read this last post by HollywoodDan for proof -  My CAPS Wish List

I agree that I don't find any of the information to be that useful. Most people can learn to perform and track these technical analysis techniques[EWT, Fib retracements, etc] in the same amount of time it takes to microwave some cold food, but it takes time to learn. Everyone has different levels of knowledge and the premise of this community is to share ideas, learn, and have as much fun as you can through an internet portal about finance. I think that is something the people at the MF were concerned about.

Maybe there are a dozen or so individuals who created accounts to only track and follow their messiah of charts and Elliot Wave Theory? I'm sure of that, but as long as their ideas are somehow financially related I don't really see the difference between their mass support for their ideas and the massive support so many people have had of Peter Schiff and his.

Everyone will have various approaches and beliefs, so their utility for information varies. The results of their actions or lack thereof depends on their own decisions. For better or worse, this is how a market functions and the reason there is a taker on the other side of the trade. 

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#6) On March 29, 2009 at 4:40 AM, valueandprice (< 20) wrote:

Love your posts. Stay in the community and keep sharing your thoughts.

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#7) On March 29, 2009 at 8:23 AM, portefeuille (99.66) wrote:

Where I wrote "outperformance calls" I meant to write "'outperform' calls'".

(actually the mention of "outperformance calls" might have its place in the ongoing discussion on how to ameliorate the "caps" scoring system that tends to offer undue reward to the player that specialises in making calls on leveraged ETFs and "high beta" stocks)

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#8) On March 29, 2009 at 3:03 PM, abitare (80.88) wrote:

portefeuille

 

Good reply, good links. I totally agree with the Fool, who wrote about the silly formula Fool uses to create "Allstars". The "red thumb green returns/ green thumbs red returns" "allstars", who lost 30%? instead of the market lost at 40%? lol. That was one of the reasons I went to updown.com. FYI - was up 330%, YTD before I dropped out I ignored margin calls and my returns vanished.

 

Also I will remind everyone, I am not really taking CAPS that seriously. It is a game, I care primarily about my actual portfolio. I am Top in points randomly and abitarePERFECT made Top Fool when I was on vacation. If I write a pitch and Fools like it, I won't churn the stock pick (Ref Citibank)

 

I use abitare mainly as a watch list, then as a points chaser for fun.  If I write a pitch or a post, I am being more serious. I try to post once a day.   

 

Tastylunch

 

markteguru? Has us Fools?

 

AnomaLee,

 

Wow! Great video. Lol, Byrne did have another great speech where he referenced Star Wars, I can respect that.

 

GoodVibe were very unsubstantiated. If you would've spent less than 60 seconds digging around you would've realized that he has this flock of numb-minded sheep who flocked from the message boards of Yahoo! Finance.

 

I still smell a rat here, I admit it took me a record 20 minutes to write the post. Look at top ten player blogs and those that respond, there are NO zombies or Nov 08 rebirths.

 

 

valueandprice

Love your posts. Stay in the community and keep sharing your thoughts.

Thank you, I try and help Fooldom and be an honest broker of information as I see it.

 

portefeuille,

 

I use the ultras, but they are dangerous, dangerous, I have seen many an "ultras" allstar

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#9) On March 29, 2009 at 5:13 PM, Tastylunch (29.48) wrote:

no I meant if you play the marketguru game people can see your positions and be alerted to when you make trades.

Covestor I suppose is the *best* since it verfifies your real life trades (thus no cheating), but it only works with a couple brokerages.

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#10) On March 30, 2009 at 6:08 AM, SuperPicks (29.20) wrote:

No platform seems close to CAPS as far as being able to sort through three levels: by sector/tag, by individual ticker, by player picks.

In addition, with each players' picks you may seem optional pitches which there are plenty of on CAPs AND they are aggregated in that tickers' page and are sortable!

Also sorting by performance on tags, players, and tickers is available.  

The fact that caps has been around since 2006 helps too. 

There definitely is a lack of competition in quality systems like this.

I checked out MarketGuru which I think i'll join, but its still not nice as CAPS but it has some pretty cool features worth my time.

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#11) On March 30, 2009 at 6:09 AM, SuperPicks (29.20) wrote:

and yes, covester needs to be able to import all major brokers

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