Bob,
not only a slew of new sites, but a slew of new hypesters also, I have to limit my focus to a few threads that don't have the hype. This was in yesterday's WSJ; didn't suprise me.
For private use only:
By JASON ANDERS
THE WALL STREET JOURNAL INTERACTIVE EDITION
Daryn Fleming is a regular participant in Silicon Investor on-line message boards, often urging others to buy stocks and hinting about news to come. "Acquisition in the works," he wrote on one board. "Another big story due out Tuesday! I would buy more..." he wrote on another.
But what isn't always clear from Mr. Fleming's posts is that his firm is paid to promote the companies.
Mr. Fleming is president of Wall Street West, which describes itself as a "stock research firm and holding company." For a fee, Wall Street West promotes companies as its stock picks on its Web site, and in many cases writes research reports that include "buy" recommendations on the stocks. It also sends out mass mailings of electronic mail and press releases promoting the companies. Its Web site lists offices in Denver and Las Vegas. Mr. Fleming says 15,000 people have signed up to receive the site's "stock alerts" via e-mail.
Mr. Fleming says when he talks up companies on the Silicon Investor Web site (www.techstocks.com) he is acting as an "individual investor," and not on behalf of Wall Street West. "I post because I have opinions on these companies, and sometimes I get pretty excited about them. Often I'll put my own money into these companies," he says.
This is the sorta' krap that Jill should clean up. It's bound to hurt the fools who listen.
best, art |
