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Pastimes : Investment Chat Board Lawsuits -- Ignore unavailable to you. Want to Upgrade?

To: Eric Fader who wrote (765)	9/8/2000 11:50:14 AM
From: Jeffrey S. Mitchell	Respond to of 12465

Eric, I think we all know that reporters and the SEC don't operate in a vacuum and stuff gets leaked all the time. Quite the opposite; they have a variety of sources/informants. The difference now is, obviously, the Internet. Just takes one person to hint as such on-line to affect the stock price and/or steal the thunder from a story. In a way, it's almost beneficial for these rumors to proliferate because it will keep people off balance-- never knowing what is credible, wishful thinking, or manipulation... unless you do your own DD and can discern the difference. As for the statement by the Barron's guy, and speaking of false and misleading press releases, the CEO of Business Wire told the Wall Street Journal that they fact check as well as they do regarding what they distribute. Meanwhile they were distributing stuff from UPCA who claimed they had a cure for AIDS... who the SEC quickly shut down. Can't get any more outrageous than that! But then again I'm biased. ;^) - Jeff