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To: alan w who wrote (16016)	7/30/1999 7:13:00 PM
From: Marvin Katz	Respond to of 19109

A LITTLE ADVICE FOR PINKSHEET GAMBLERS........ Carroll and Broadhead point out that the Internet is an ideal tool for fleecing the unwary. They discuss how easy it is for a savvy con artist to create a professional looking website, to create a fictitious research institute to release positive news about some invention or discovery, and to populate discussion groups with fictitious people to hype a stock. Even when there is no fraud, investors should be cautious. Hype based on fact can also artificially inflate a stock's price. The market often displays a herd mentality. The main things you should be aware of in using the internet for investment research is that: there are con artists and hucksters out there manipulating information in order to manipulate stock prices information may be wrong by accident, neglect or oversight information may be out of date or incomplete Examples of the first are what the U.S. Securities Exchange Commission calls the "Pump and Dump." These are "hot tips" spread over internet newsgroups and by SECRET emailed "alerts" to specially favored posters who then spread the false hype to the unsuspecting. In their book, Carroll and Broadhead cite the example of Ashton Mines, a diamond play in Alberta. In April 1997 a discussion forum user posted a message that Ashton had pulled a huge diamond from its Buffalo Hills mine in Northern Alberta. The stock jumped from $1.70 to $7.65 by mid-May, despite denials by the company that the information was false!>>>>> Online hypesters, "discussants" argued that the company was deliberately keeping the "find" secret or that a ("silent quiet non disclosure period was in progress.") (excerpt from a recent fishpaper report.)