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Microcap & Penny Stocks : Bid.com International (BIDS)

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To: Ruyi who wrote (31801)6/2/1999 6:55:00 PM
From: SirVinny  Read Replies (2) of 37507
 
Veggie, Freedom of speech, although sacred, does not permit you to Yell out Fire, Fire in a crowded movie theater....Now does it???

SirVinny

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BTW Veggie, this story might be of interest to you:

Stock shorters a must read
by: nvr_tel 7836 of 7845
MH Meyerson Sues Internet Users, Yahoo! Over Chat Messages

Washington, May 20 (Bloomberg) -- The M.H. Meyerson & Co. brokerage, in one of the first cases of its kind, is messages about the company in an attempt to drive down its stock.

The messages, by unnamed individuals using aliases such as ''TheDaytrader2000'' and ''j454545j,'' accused the brokerage's chief executive, Martin H. Meyerson, of stock manipulation, inside trading and money laundering, copies of the Internet messages show...

The Securities and Exchange Commission...is investigating other similar allegations of possible stock manipulation by users of Internet chat rooms and message boards...

An increasing number of companies have been complaining to the SEC about allegedly false Internet messages...

The suit by Meyerson...alleges that as many as seven of the accused Internet users were short-sellers, or investors who use borrowed stock to bet that a security will fall...

The suit...alleges that the unidentified Internet users defamed the company with their messages...and...of harassing Meyerson.

Using a Yahoo! message board about the brokerage, Internet user j454545j wrote, ''Hellooo Marty!!!! Nice pump and dump operation you got working.'' TheDaytrader2000 wrote, ''MHMY (Meyerson's ticker
symbol) a freaking scam!!! Money laundering scums!'' Zzz138 wrote, ''I will cautiously short this stock.''

The complaint...could spur other companies to file complaints against Internet users who spread false information...
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