MLRE EBAY IBID UBID we all bid and ONLINE AUCTION FRAUD Message Board

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Non-Tech : MLRE EBAY IBID UBID we all bid and ONLINE AUCTION FRAUD

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To: StockDung who wrote ()	2/9/1999 9:23:00 PM
From: Art M	Read Replies (1) of 30

Floydie - The stock market is an online auction. The same fraud exists there, where much more is at stake! The MMs play a rigged game. People on the Yahoo stock boards pretend to be grandmothers baking biscuits while touting stocks like SATH! Since I had a negative interest in the stock price of SATH (I was short), I monitored the boards this weekend and today. There are some truely sad cases of people being taken advantage of on these boards. One guy was BEGGING for his guru to explain to him why his 'investment' was collapsing (apparently he had borrowed money or risked far more than was prudent because of these shysters). I feel that the P & D'ers on boards like these take such advantage of people, that have heard stories of making a fortune trading internet stock. Personally, I feel that anyone making a rec/slam should be required to disclose any interest/position that they have in the stocks they are talking about. I feel better now. Art

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