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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Demosthenes who wrote (4257)	4/4/1999 2:08:00 PM
From: Jeffrey D	of 15132

Two articles from the L.A. Times on our resident "e-Bears" and their equally difficult counterparts, "stock hypesters." Excellent reading and Silicon Investor is mentioned in both. My favorite part of the articles is below. Happy Easter everyone!! Jeff << latimes.com latimes.com << Beware the Anonymous Source While acknowledging that information from online critics can be "very useful and credible," Securities and Exchange Commission enforcement chief Richard H. Walker offered this rule in a recent interview: "Never rely on investment advice--positive or negative--from an anonymous source." What purports to be objective commentary can be a bramble of undisclosed interests and outright deceptions, he said. For example, according to Walker, the agency once learned of a Web site fraudulently touting the "top 10 stocks recommended by the SEC." When investigators tried to reach the promoter by phone, they were told, "He's not home from school yet." >>

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