Charles and all,
With our arms and legs flailing (barely perceptibly) from the growing snowball of the cyber investing enforcement movement, I offer a link to the NY Times version of the SEXI story. There is also a WSJ story on the front page of the Money and Investing section from today concerning "Web Newsletters" and specifically their impact on unaware Bulletin Board investors.
nytimes.com
One paragraph of note from the Times article...
""Perhaps unwittingly, those who disseminated the newsletter around the Internet were helping to perpetrate securities fraud, federal prosecutors and regulators say. They say Melcher secretly received stock in the companies he was praising in the newsletter -- stock that he sold while urging investors to buy.""
Unless I am missing something, what does this have to do with GRNO? I was (secretly) buying (for my wife -doh!-) all the way to nine. Now I realize I should have been downgrading GRNO at eight-plus to create my buying opportunity, then resuming my "toutilage" (see Vinnie, Curly reference below) in order to cash out at the top while unsuspecting novices on this thread were wallowing in the verbiage of my every breath. Good thing flatulance isn't transmitted via the net or we would all be in big trouble! You know the axiom how Wall Street reacts to each and every utterance from the likes of Clinton, Greenspan, et al, regardless of from which orifice it originates.
The WSJ is a subscription service but will post a link if I find a free one.
The WSJ article mentioned how these newsletters sometimes ""are little more than public relations vehicles -- produced by individuals who are paid by the companies themselves to be featured as a "hot stock" pick.""
And what about Vinik, Kurlak and the boys (and girls)? Does anyone really believe the myriad of recommendations, touts etc. are not in part sales pitches for future business considerations??? As in underwriting biz, first in line for the winks and nudges, etc.??? Come on now. Maybe if we all promise to wear suits and ties or other acceptible biz attire (rather than boxer shorts and a hemorrhoid cushion) we might be considered serious investors and will be accepted into the official and seemingly approved Tout-dom of Wall Street. For good reading on the games of the street, everyone who hasn't already might want to bookmark the Burke thread for an occasional insight into the game. Don't cry for me, I (like Sergio and others) know the game and make money regardless. It is just fun to point out these opinions on occasion.
Subject 6780
This paragraph as well..
""Investors who follow the recommendations of any "hot stock" newsletter without verifying the data presented by the publishers are playing right into the hands of publishers that flout SEC regulations, Mr. Stark says.""
Verifying the data? I have never seen a company so verified as GRNO was by numerous and independently thinking members of this forum.
Yes the SEC has an exceedingly important mission to regulate the financial marketplace. Are they capable of minor overreactions? Probably. Is it still all within the framework of the good ole' boys network? To some extent, probably. Has the SEC picked on GRNO just a bit? Yes IMO. Do I expect any of my rantings to have a measureable affect on the outcome of the GRNO investigation? No. But then, BP 120 over 60, pulse 70 and holding. My point is; it seems GRNO got pulled over for doing 72 in a 65 in a world of muggers, rapists and murderers.
Get that processor cranking!! Damn the torpedoes! Woo woo woo!!
Bye for now.
LLLP Mark
(I reserve the right to posthumously change my investment opinion ala the big boys) (in other words; if GRNO/BC turn out to be a bunch of bums, woops!)
Question for computer lovers...my carrot key seems to show strange characters (maybe since installing Communicator?). The first carrot < of a quotation works, but the second gives a garble (&! or something). Any clues? Thanks |
