We get to know people by surfing and reading a history of their posts. We can tell who is serious and who is not.
By: ragingbullrep
30 Jul 2003, 10:38 AM EDT Msg. 226 of 229
(This msg. is a reply to 225 by new_sun_rising.)
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Thanks. We get to know people by surfing and reading a history of their posts. We can tell who is serious and who is not.
ragingbull.lycos.com
By: sessile
30 Jul 2003, 11:18 AM EDT Msg. 229 of 229
(This msg. is a reply to 226 by ragingbullrep.)
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The reason I asked you for a list of who RB considers serious is because of this I have seen circulating on other message boards:
Do you know who the Asiavest monitors are, and how do they make their reports?
The boards are monitored by a variety of governmental and quasi-governmental agencies such as the Securities and Exchange Commission and the Federal Bureau of Investigation. We ourselves, generally will have three or four investigators, monitoring various message boards and chat rooms, at any given time. Our primary concern in monitoring the message boards, is to protect the interests of our clients.
"We ourselves, generally will have three or four investigators, monitoring various message boards and chat rooms, at any given time. Our primary concern in monitoring the message boards, is to protect the interests of our clients. "
MESSAGE BOARDS AND CHAT ROOMS
AN EXCLUSIVE REPORT
THIS IS PART I OF A THREE PART SERIES DEALING WITH MESSAGE
BOARDS AND HOW THEY ARE USED BY COMPANIES, THE MEDIA, INVESTORS,
AND CRIMINALS, TO MANIPULATE STOCK PRICES. THIS IS NOT FICTION,
IT IS A REALITY.
There are a variety of financial message boards and chat rooms on the worldwide internet. The most popular of these boards are Yahoo, Silicon Investor, and Raging Bull. Pick out a trading symbol, almost any trading symbol and you should be able to find an appropriate message board or chat room. When you find the right board you may find everything from professional pump and dump artists to criminals that have [naked] shorted the stock you have selected (remember shorting a stock is not illegal, but naked shorting is!).
Profound statements such as THIS STOCK WILL SOON BE HALTED to NEW SALES ARE GOING TO PUSH THIS STOCK PRICE THRU THE ROOF, will be found posted on many of these message board sites. Some of the posters are sincere investors and others are outright criminals. Most posters use screen names or aliases to protect their true identity.
As you search through the various message boards you will find such aliases as PUMPANDDUMP, iamgumby, stockwizzard, truthseeker, scambuster, mamabear, pluvia, observer, backman, 200mph, tooldude, ripalips, pilapir, and the list goes on and on. In many cases, the same poster may have an unlimited number of aliases and can often be found on message boards, posting and answering messages to themselves under various aliases. It is also common to share passwords with associates, allowing for numerous individuals to post under a "common" screen name. They would like you to believe that their motivation for posting on the boards is to either steer you towards a great investment, or alert you to a scam. The reality is that "most" have a self interest for posting and in most cases that self interest can be measured in monetary terms. Many of these posters are even compensated to post on the boards by individuals and companies attempting to manipulate certain stocks.
The boards are monitored by a variety of governmental and quasi-governmental agencies such as the Securities and Exchange Commission and the Federal Bureau of Investigation. We ourselves, generally will have three or four investigators, monitoring various message boards and chat rooms, at any given time. Our primary concern in monitoring the message boards, is to protect the interests of our clients.
Never believe what is posted on public message boards, do your own due diligence. The reason for this is that there is no pre-verification process for information posted on these message boards and it is a fact that many of the posters are fraudsters, stock manipulators, vindictive ex-employees and outright criminals. Basically they can post whatever they like, with little or no recourse. Most posters will hide behind the First Ammendment of the Constitution. Control over what is posted on public message boards is limited by First Amendment Rights and the general right to freedom of expression. There have been a variety of lawsuits initiated against message board posters and those suits have generally gone in favor of the posters (Defendants). Often times you will find posters claiming to have been libeled, although the courts have held that an anonymous poster can not be legally libeled.
Our general opinion of message board posting is that it almost always victimizes the company or harms sincere investors. The negative aspects certainly appear to outweigh the positive. Because of recent criminal cases, there has been more attention directed to message board postings, by certain enforcement agencies. Also, new computer technology both in the governmental and private sectors has allowed for the shield of anonymity to fade away on many message board posters.
The value in identifying message board posters is that when and if they cross the line between freedom of expression and criminal activity, they can appropriately be dealt with. Many posters fall in the category of being outright criminals. These are the ones that feel hurting a company or investors is nothing more than a financial game, until they cross the line and feel the long arm of the law and the rath of corporate entities that fight back. In our opinion, public message boards are one of the most flagrant avenues for stock manipulation.
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