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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?


To: - who wrote (3302)8/26/1999 11:00:00 AM
From: Paul Viapiano  Read Replies (3) | Respond to of 18137
 
OT...OT...OT

If anyone has access to the WSJ online...I'm looking for the editorial by Dennis Prager from yesterday's edition, August 25.

Thanks, Paul

PViapiano@aol.com



To: - who wrote (3302)8/28/1999 3:35:00 AM
From: Robert Graham  Read Replies (2) | Respond to of 18137
 
Of course Internet chat rooms can move stock. This would be the case for low cap or thinly traded issues. This I think something many of us we can all agree on here and some have actually witnessed. I would not place allot of credibility on the Pristine article. They are coming to the defense of their bread and butter source of income, viewing the world through their rather "back and white" glasses in this sense, where the Seibert article is apparently seen as a threat to their business. This in my experience is true to form for IMO a rather self-serving and aggressive company.

The operating practices of many Internet chat rooms and other day trading organizations that have been exposed or alluded to by the Seibert article has been expounded upon many times in the past and witnessed as such I am sure by others here who have had experience with Internet chat rooms and trading in the market place. There are services and Internet chat rooms that can through their subscribers can move stock. This is the truth that is getting downplays by the self-serving article by Pristine.

I am not saying Pristine does not offer value for their subscriber. But I am saying they have self-focused business practices, where the focus is on more the business than their subscriber for my taste. It is a matter of degree here. I think this article by Pristine says allot about the company if one were to read between the lines, more than it has to say about the exposing what can actually happen in the world of trading stocks.

But then the Seibert article is not saying anything that we already do not know, right? So what purpose did Pristine have in writing their response? It is as simple as this.

Bob Graham