How bad is this???? Not only is INSP getting it from the big boys, now they're using INSP as an example of various stock picking abilities by small newsletter groups.
I received this as an e-mail!
Sure NOW everyone is saying, "I told you INSP was crap"
Dear Investor,
I'm writing today to offer you investing knowledge that could prove to be worth many thousands of dollars...
...and yet, for you -- for a limited time -- this assistance is entirely FREE.
My name is Louis Navellier, and as a long time investing pro, I'm sickened -- but not surprised -- by the hype, cover-ups and outright LIES coming out of Wall Street.
Enron, Global Crossing, accounting scandals, restated earnings and the like were bad enough. But the allegations outlined in an affidavit filed by the N.Y. attorney general really make by blood boil.
Have you seen the document? I grabbed mine online.
The affidavit runs on for 37 pages, bluntly exposing a pattern of behavior on Wall Street -- that cost investors like you millions of dollars. The general accusation? That analysts at this company issued "misleading" investment ratings on Internet stocks.
THIS affidavit talks of "conflict of interest" and an internal policy of not using "Reduce" or "Sell" ratings. But it gets much worse than that.
The document alleges that these analysts gave specific Internet stocks high marks for public consumption...while bashing them behind the scenes. In fact, while telling the public to "buy" or "accumulate" these stocks, internally they said:
"such a piece of crap" (Excite @home);
"piece of junk" (Infospace);
"going to 5" (Internet Capital Group -- then selling for $12.38)
WOW! Imagine the nerve. And this problem seems NOT to be confined to just this one firm. The SEC is expanding the investigation -- widely -- throughout many other firms on Wall Street, as well.
And there's a ton more guys -- from analysts to accountants to corporate CEOs who seem to have no problem lying to you for their personal gain. No problem. Not a bit.
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I even owned Enron -- and I'm one of the few who admit it. After all, why shouldn't I? A December 12th, 2001, Forbes.com story praised me for SELLING Enron in April 2001. In fact, we banked 36% GAINS. Not one of our biggest winners. But not bad when you consider the bath most investors took.
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Blue Chip Growth Letter
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