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Pastimes : Investment Chat Board Lawsuits

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To: ztect who wrote (808)9/25/2000 12:05:24 AM
From: Jeffrey S. Mitchell  Read Replies (1) of 12465
 
Ztect & Don, I also applaud Gretchen for that column, although I had a strange sense of deja vu when I read it (gg)...

As we all know, the true price of a stock is whatever someone wants to pay for it. Perception is reality. Manipulating perception is what the whole game we call the market is all about.

There are many ways to manipulate perception. An investor can influence the price of a stock by what they post on message boards like Silicon Investor, Raging Bull, and Yahoo. Companies can corral new investors by hiring a tout service to spam them via e-mail. And companies themselves can issue any number of carefully worded press releases to drum up interest. Manipulation happens at all levels, from an upgrade by a brokerage house, to a mention on CNBC, to the way a company presents its financials, to a chat board "guru" urging his minions to buy this week's can't-miss pick.


Message 14279676

If you (or anyone else) find any articles that pertain to the topic of this thread, please (re)post them here in their entirety as I'm trying to make this one thread as much a one-stop repository as possible. The problem with links is that they tend to disappear quite quickly and without notice.

- Jeff
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