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Pastimes : Can SI Members Really Manipulate Stocks?
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To: ewaggin who wrote (79)7/31/1998 4:19:00 PM
From: Mama Bear  Read Replies (2) of 461
 
The thing you don't understand is that people like anyone would apply the censorship axe to anyone who posts a negative opinion. It does not even matter if in the long run the naysayers are proven correct (see Solv Ex thread for example). anyone's argument is that the Internet is somehow a "special" environment, and my argument is that it is not. I also get tired of the lunatic claims that the manipulation is from the short side. The vast majority of manipulation is done from the long side.

As to your examples: It is not against the law to yell fire in a theatre if the theatre is on fire. Even so, Internet postings do not rise to the level of immediacy of that act, nor does it represent a threat to life or limb.

I can call any public figure I want a bastard. You are mistaken if you think I have to prove that he is one. Something that a lot of people forget is that these are the stock of public companies. Even a private figure would have to prove that my calling him a bastard caused him some sort of quantifiable damage.

The long and the short of it is that most of these folks are offended because they were foolish enough to buy a stock that subsequently fell. It is a lot easier to blame the evil short sellers than to admit that you got suckered into a pump and dump.

My position is that this is exactly equivalent to publishing a newspaper, or a magazine, or a racially inflammatory Ku Klux Klan handout. They're all equal.

Barb
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