A commenter has just left a longish note on one of the IKN posts regarding Stanford. Usually I reject anonymous comments but let's make an exception this time as the writer has some interesting points. I'm also devoting this post to his/her words. Here's the comment below and following that you can find a paste of the companies covered by the Stanford analysts. Take a look and make your own informed decision.
Just as a personal extra, I warn all again to keep well clear of the Colombian Stock Exchange, as Stanford was the fourth largest player by volumes traded there in 2008.
Just as a personal extra, I warn all again to keep well clear of the Colombian Stock Exchange, as Stanford was the fourth largest player by volumes traded there in 2008.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
The Comment Recently Received by an Unknown Reader
Now that the SEC has filed charges, the next question people will want answered is where did all of the money go. There's been some investigation into Stanford's role in penny stock investing, but I haven't seen anyone take a look at the companies that their "analysts" were covering.
http://www.stanfordgroup.com/institutional/coverage.aspx
A quick glance at some of the companies listed on their website reveal a large number of microcap stocks who've exhibited pump and dump behavior include spam campaigns around the time that Stanford initiated coverage.
If you take a look at the background of some of their "analysts" it also raises questions about the character of their employees. Their media analyst Frederick Moran for example began his career at Drexel Burnam (a known chop shop), was previous accused of sharing inside information with his father while working as an analyst at Saloman brothers and participated personally in a failed microcap company (VDC Communications) that was owned by his father and his brother Clay (who also happens to work at Stanford Research). A closer look at some of the other analysts will raise similar concerns as well as even more questionable buy ratings on companies that most financial savvy investors would know to steer clear of.
If Stanford was using proceeds from the CDs to manipulate penny stocks, then this could end up being an important piece of the puzzle. It would also go a long way towards explaining how they could have given such poor investment advice on what appear to be obvious scams.
http://www.stanfordgroup.com/institutional/coverage.aspx
A quick glance at some of the companies listed on their website reveal a large number of microcap stocks who've exhibited pump and dump behavior include spam campaigns around the time that Stanford initiated coverage.
If you take a look at the background of some of their "analysts" it also raises questions about the character of their employees. Their media analyst Frederick Moran for example began his career at Drexel Burnam (a known chop shop), was previous accused of sharing inside information with his father while working as an analyst at Saloman brothers and participated personally in a failed microcap company (VDC Communications) that was owned by his father and his brother Clay (who also happens to work at Stanford Research). A closer look at some of the other analysts will raise similar concerns as well as even more questionable buy ratings on companies that most financial savvy investors would know to steer clear of.
If Stanford was using proceeds from the CDs to manipulate penny stocks, then this could end up being an important piece of the puzzle. It would also go a long way towards explaining how they could have given such poor investment advice on what appear to be obvious scams.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
COVERAGE
Coverage as of September 10, 2008
Sectors: