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To: StockHawk who wrote (33438)10/20/2000 4:53:15 PM
From: tekboy  Respond to of 54805
 
OT

Not my area, but it seems to me that some kind of actual misinformation or fraud should be required for this to be illegal. I mean, if your comments are merely on the order of "this rocket's gonna take off, get on board now!!!!" then the responsibility for any trading losses is really not yours but the idiot who follows your lead. Caveat emptor applies with stocks as elsewhere, I would have thought...

tekboy/Ares@besides,Apollo'scomments,forexample,rarelyamountto"areasonablebasis".com

PS hey, no fair, rel's been stealing my stocks! substitute CREE for RMBS, and he's got my portfolio...and expressed my feelings on the year exactly, btw...



To: StockHawk who wrote (33438)10/20/2000 4:54:55 PM
From: Bruce Brown  Read Replies (1) | Respond to of 54805
 
It is the reasonable basis that is key, and people posting on this thread almost always have a reasonable basis for their predictive statements. What is illegal is misleading information that a stock will rise....

I wonder if the law works in the other direction? With all the posts from shorters predicting a stock is going from $260 down to $180 or from $60 to $20, etc... and they present some types of data or stereotypical comments, rumors and what not along with their price prediction. It would be nice to be able to dampen some of that message board activity if the law worked in that direction as well.

BB