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Pastimes : Investment Chat Board Lawsuits

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To: EL KABONG!!! who wrote (39)	7/16/1999 2:21:00 AM
From: Green Receipt	Read Replies (1) of 12465

I have a couple of opinions on this topic but I'll stay brief... in short: referring to 1st admendment is generally assumed to be an issue associated with the United States of America. the Internet is world wide... If you post in a country where their 1st admendment means something else who knows what would happen... no protection or total freedom from actions such as these? in reference to negative posting about a particular company, I see the value of it if it is completely false information being presented, but what happens to the independent stock analyzer who goes to the trouble to figure out whether or not to invest in the company and publishes a report? Say the person tells all of his followers, don't buy Company A stock, buy Company B stock instead. Will company A sue the person for giving a negative recommendation? Will company B sue for being placed in the same report as Company A (since #A has the bad rep)...? What about when a professional analyst changes his recommendation from Strong buy to HOLD or hold to sell....???? Will the company sue him because he lowered his rating? With the current trend companies are taking to 'sue' individuals for posting negative comments on internet space, i could see this scenario taking place some day. Wait you say. its professional, reputable analysis vs the average joe on the street... But really its all the same. If anyone says anything negative about any company they are setting themselves up for a lawsuit somewhere down the future. With world governments still making new laws on how to police the internet, something you say 10 years ago might just all of a sudden (by act of a new law) cause you to be liable for millions of dollars or silver or whatever the monetary unit happens to be. I see good and bad in this new trend. Good in the sense that it prevents people from giving a company a bad name on pure heresay. But at the same time I see it as bad because if the company disagrees with your viewpoint, u may just get sued. Perhaps someday (is there already?) there will be job openings in companies where all they do is police internet boards and initiate lawsuits against any and all negative publicity (bad comments). so much for being short....

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