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Pastimes : Investment Chat Board Lawsuits

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To: Janice Shell who wrote (7064)1/27/2005 7:02:24 PM
From: Bill Ulrich  Read Replies (1) of 12465
 
re: "The fact that some piece of information is posted on an investment website does not necessarily make it public... >> I think that's absurd."

Not so absurd. This month, a Mac info site published on the web details of new products that were certainly not yet released by Apple and not public info. Apple is suing them right now for breach of trade secrets. Whether the suit has merit is not my point, rather that info on the web can sometimes be not-public-info.

If you were a lucky reader of that and made an investment decision, you've made a good profit on that now, as the news was released during MacWorld. Just keep it a secret. <g>

"And where does it leave an investor who does his own research but doesn't post on any investment websites?"

Well hidden? Or, a closed mouth gathers no foot?
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