Dave Gore's Trades That Make Sense Message Board

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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: Dave Gore who wrote (11089)	8/9/2002 8:35:38 PM
From: SirRealist	Read Replies (1) of 16631

It's a good lesson Dave. For myself, I simply avoid such stocks completely because sometimes the rumors are true. However, the only way such things can be policed is if the SEC can determine that a rumor monger is actually an analyst, broker or equity professional, in which case, jail sounds like a good remedy. For traders to profit that way may be sleazy and unethical, but because of free speech laws, should not be illegal. Even though, when the mkt is uncertain and volume drops, such games could be terribly effective. The only solution to that is for traders to read cautions like yours and for companies to respond quickly to kill the stories. Sadly, the bad apples in corporateland have so damaged the truth that it's hard to know who's BSing who anymore.

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