Scott,
Got my answer: Herb Greenberg does not own any stocks or mutual
funds, as you said. So the posts I read was just wrong, and I was
wrong to believe them before checking them out. I e-mailed an apology
to Mr. HG for my part in helping to spread untrue stuffs about him.
But now I am even more puzzled. If Mr. HG has never owned any stocks
or mutual funds, who and what makes him the stock experts? He certainly
wrote as if he had lots of experiences and knew what he is talking about.
And why was he so "relentless" on IOMG, as the Fortune magazine put
it in their coverage of IOMG in the 4/15 issue?
I made a visit to HG 's Bizinsider after my previous post and found the
following article on 6/25 by Mr. HG, which explicitly said he does not
own stocks or mutual funds.
Well, I'm gonna give this a rest and focus on IOMG for now.
Young
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LET'S MAKE THIS CLEAR: I DON'T INVEST IN ANY INDIVIDUAL STOCKS
READERS QUESTION THE INTEGRITY OF THIS COLUMN
Last week a reporter from the American Journalism Review called with
questions about a story she is doing regarding the ethics of financial
columnists. Specifically, she wanted to know whether I owned any
stocks -- and what the policy is around here regarding such things.
Her interest couldn't have been more timely. In recent weeks I've
read quite a few comments about yours truly on electronic bulletin
boards and in my own mail suggesting I have a financial stake in the
outcome of the companies featured in my column.
A few weeks ago, for example, I wrote a fairly upbeat item about
little-known company called Knogo North America. Within days the
stock rose around 40 percent. Before long, someone who goes by
the name C Kraffert, posted a note on a bulletin board on America
Online suggesting that either I or my ``personal insiders'' bought
stock in the company before the article appeared.
Last week there were less-than-glowing items about Amati and
Westell. They prompted reader Cullen Fujimoto, in a letter to my
bosses at The Chronicle, to write: ``He smells like he is trying to short
these positions . . . The SEC should investigate his motives. Have
you instructed any friends or relatives to short these positions?''
Along the same lines, there was this, from someone identified only
as ``a steamed stockholder'' -- presumably of Amati -- who wrote,
``Did you short the stock before publishing the article that trashed
the company?''
Let me answer with the same response I gave the American Journalism Review:
I DO NOT OWN ANY MUTUAL FUNDS NOR DO I OWN ANY STOCKS.
PERIOD.
(There is more .... but I cut it short here. young)
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