Georgia Bard's Corner Message Board

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Pastimes : Georgia Bard's Corner

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To: Binder who wrote (4142)	7/24/1998 11:26:00 AM
From: Janice Shell	Read Replies (4) of 9440

Surely people don't go to this trouble for the benefit of public service? I think many are simply front-running for themselves and a small group of associates. You'll notice that often, once a stock's been pumped and dumped, the guy who started the whole thing will say huffily that he "gave out" the recommendation at, say, .10. Only somehow nobody on his email list remembers that. They DO remember him starting up the serious hypt when it hit .50, at which time he and his buddies were probably already starting to sell. More and more people are getting upset about this stuff, and are commenting on it online. There's been a good deal of talk about it at CYGS, for example. Unfortunately, front-running isn't illegal unless you're taking money for it. My own feeling is that ALL financial newletter writers should be required to pass licensing exams, and should be compelled to observe very specific regulations.

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