I never received a warning either Taz. Like Alan, I just lost interest in SI.
While I am not making any accusations against any individual, it cannot be denied that some folks have lost a lot of money on these stocks. Some people believe that any losses incurred are the responsibility of the investor, and I agree with that somewhat.
However, it cannot be denied that many people at least partially base their decision of whether to buy or sell a stock based on what they read on these threads. When the information they read turns out to be false, a financial loss is usually the result. Again, the responsibility of the investor? Somewhat, imo, but also the responsibility of whoever puts out the false info, and whoever allows a place for it to be displayed.
SI, for a fee allows people to post what they will on the threads, whether it be true or false. In other words, it is my opinion that SI makes money off of the fleecing of investors, (at least as far as OTC stocks are concerned) by providing a forum for fraud, and accepting a fee for use of that forum. IMO, that equates to the owner of a crackhouse or house of ill repute.
If you consider all of the people with something on the line here, (investors, companies, MM's, etc.) the only one who does not risk financial loss is SI. If you don't think they are making money on your loss, just look at what they were sold for a few months back.
This is just my opinion, and I am sure that if I wasn't warned or suspended or expelled before, I likely will be now. However, it will be very interesting to see how all of this pans out in the near and distant future, as far as posting and trading online in general.
Just my thoughts, and again, I expect a reprimand from SI. However, I have lost interest and just don't care. The last couple of weeks I have made more money by NOT sharing DD with people here.
Good Luck to All,
:-)
Binder |
