Ron,
You're too defensive, its not just about lawyers, they are only one part of the problem.
We live in an age where people want to believe that there should be no risk in life and sh!t never happens. Well life often doesn't work that way. But lawyers, among others, help perpetuate those attitudes. It is just too hard for people to take responsibility for their actions or accept that sometimes bad things happen in life...there isn't always a place to easily direct the blame.
Stocks, have always been a risky proposition and tech stocks are even risker. There have been plenty of stocks that have loss more than 30% of their value in a matter of days for no apparent good reason. People make money and people lose money when this happens, you just hope that you make more than you lose over the course of time.
Those here that want to blame someone for their losses should be looking beyond just IOM. Look at the "street" and the other insiders, look at the conventional and electronic media, look at the traders and stock professionals, look at competitor's FUD, look at SI and Motley Fool. Who's to blame for your loses? Take your pick, or maybe you don't have to look too far.
I don't like class action suits and I don't like the lawyers who bring them, but they are occasionally necessary, if for no other reason than to keep the markets from completely going astray. It is clear that it is "happy hunting season" again, may some of these suits actually have some merit, time will tell...but don't count on being made whole again, it isn't going to happen.
Better things ahead.
archcc |
