According to the SEC:
While the Internet has many benefits, a small group of thieves is trying to hijack unsuspecting investors on the information superhighway...
sec.gov
According to a recent article in the WSJ:
The on-line war of words... also highlights the risks for investors at the dangerous juncture of small-stock investing and the Internet: This new medium has made it far easier for adventurous stock pickers to compare notes. But it also helps wrongdoers spread misinformation to pump up the price of a thinly traded stock they hold -- or drive down one they have sold short.
According to Jill McKinney, SI's Webmistress:
The major part of our administration day is spent dealing with complaints from members, most of them from the 'Under $5' stock threads, who are upset about Bashers posting on their threads. techstocks.com
-- Can what we say here on SI really affect the price of stocks?
-- If so, is this true for just penny stocks, or all stocks?
-- Do companies really pay attention to what is said on their respective SI threads?
-- Has SI leveled the playing field for small investors, or has the net allowed manipulation to proliferate to a wider audience?
-- What role, if any, should the SEC play as regards sites like SI?
- Jeff |
