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Pastimes : Can SI Members Really Manipulate Stocks?
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To: DJRoss who wrote (191)8/2/1998 6:40:00 PM
From: Mama Bear   of 461
 
Douglas, the issues that many argue vis a vis publishing on the web are nothing new. It is the same Constitutionally protected privilege that has existed for over 200 years now. Larry Flynt was sued for libel against the Reverend Falwell, and his right to publish was upheld when it got to the Federal level.

One thing I have noted in my journey through various stock boards is that most often those accused of "manipulation" and threatened with being reported to the SEC are the ones who are warning of the possibility of the pump and dump. Consider anyone's link to the SEC charges against Rafi Khan. If in fact Mr. Khan had a thread on SI where he hyped up his stock there would have been followers. The only ones that would be reported or accused would be the ones urging caution. I've seen it happen too many times. Consider the MTEI thread, where Janice Shell has worked diligently to warn people of the risk. It was Ms. Shell who suffered the slings and arrows of being accused of manipulation. On the Solv Ex thread, the longs waited for months for the short sellers to be exposed by the SEC. When the SEC finally filed charges against the management of SOLV, the longs concluded that the SEC was in bed with the short sellers. The fact that the subsequent events including bankruptcy and delisting do not concern the Solv Ex longs in the least. The only reason the price is down is because that is where the short sellers want it to be. Reality be damned.

Barb
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