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Steve, I'm glad you accepted my apology. I don't know that I would have felt so generous in your shoes. I did read your post about being a 'Net investor before and the Shark Tank portfolio. Maybe if I'd had a link to that I wouldn't have been so suspicious. I've been around since before Nasdaq. I started in the biz entering orders over a teletype, and was a marketmaker by the time Nasdaq came out. For ten years I was an institutional trader, most recently at Montgomery from 85-90, and I saw a lot of scummers using those Level II machines to make a living front-running orders and picking off marketmakers. Another mistake on my part, imparting guilt by association when I heard you had one. Obviously someone who has an actual portfolio that they can post somewhere is not a "day trader", they'd spend all their time updating their portfolio on the board! Peoples' anonymity, or lack thereof, is probably grist for another thread or two, if they don't already exist. There is also the subject of validation, that a post comes from who it says. It is very easy to email someone using a made-up name or someone else's legitimate one. For example, I could sent you an e-mail that would show up as billg@msn.com.. I would hope that we see the rights of people to post unpopular facts or ideas strengthened as a result of these events. I also hope to see those who would try to fraudulently manipulate stocks , either to the upside or down, become more subject to sanctions. |
