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Non-Tech : OAKLEY- NYSE:OO
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To: Brian C. Lund who wrote (846)7/23/1997 3:07:00 PM
From: Brian C. Lund   of 1383
 
Ever wonder why I get to mad a people trying to hype up stocks....?
Here is and excerpt from a recent Forbes article.

Nasdaq boasts that its listings get widespread brokerage coverage even in small, thin stocks--stocks that might not be worth the broker's efforts if it were NYSE-listed. The boast is true, but not entirely for praiseworthy reasons. A small army of "freelance" stock promoters sell their services to Nasdaq issuers in exchange for either cash or cheap stock. These folks promise to produce a big increase in volume or to get the stock to a certain price. They do it by getting some friends to post bullish "information" about the stock on the Internet. By sounding knowledgeable about the company, these freelancers impress the Internet's stock market junkies, who buy into the story.

BCL
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