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Gold/Mining/Energy : Corner Bay Silver (BAY.T) -- Ignore unavailable to you. Want to Upgrade?


To: IngotWeTrust who wrote (2289)12/18/2001 12:17:38 PM
From: GraceZ  Read Replies (1) | Respond to of 4409
 
Well, I'm bored....

Yes, but clearly what you don't realize is that you are also boring. Your posts here are a great example of how one disruptive poster on a thread can kill any level of constructive discussion.



To: IngotWeTrust who wrote (2289)12/18/2001 12:26:38 PM
From: Bruce Robbins  Read Replies (2) | Respond to of 4409
 
From the Ontario Securities Commission:

osc.gov.on.ca

Investor Alert

On-line Investment Newsletters
April 2000

Lately we've been receiving a number of complaints and inquiries regarding on-line investment newsletters, discussion groups and chat rooms. Many of these electronic publications purport to offer investment advice many for free but some in return for a subscription fee. Many of you want to know is, 'are these sources of information legitimate?' The short answer is: some are legitimate but many are not.

For many years you may have received your investment advice from a registered investment advisor, from print media or from friends and acquaintances. What all of these traditional sources have in common is that you know the source of the information and hopefully know why they are dispensing the advice and the qualifications they possess.

Before using on-line sources of information to make investment decisions ask yourself the following questions:

1. Do I know the person giving advice? Is he or she trying to hide their identity? Is there a real verifiable person authoring the material? Verifying information can be as simple as obtaining a telephone number or the name of firm and confirming the identity of the author. Be wary of anonymous authors, persons using pseudonyms and/or persons using a free e-mail address such as those available through sites such as yahoo, excite or hotmail.

2. What qualifications does he or she have that makes the advice credible? Would you trust your barber or hairdresser to fix your car? Part of knowing who is offering the advice is knowing whether they are qualified to offer it. The OSC, as a member of the Canadian Securities Administrators (CSA), is in the process of setting proficiency standards for investment advisors. More information about this effort is available elsewhere in our web site.

3. Can you be certain that the author of the material has no conflict of interest? Without establishing the identity of the person this cannot be done. Many of the mainstream media financial reporters have guidelines preventing their reporters from profiting on the information they may gather. Information offered by anonymous sources may be part of a pump and dump scheme. In a pump and dump a person acquires a large block of a thinly traded company (usually a bulletin board traded stock). He or she then offers the advice that the share price of the company is about to rise dramatically and sometimes sets a high target price. This rise in price is sometimes linked to some pending future announcement regarding earnings, a contract or technological break through. As the market reacts to this information and the share price rises, it is the advice's author who is selling his or her shares at the higher price as only they know the validity of the information. Eventually the share price will return to its normal level leaving those who bought on the hot tip holding the higher priced shares.

4. Does the person offering the advice have a proven track record of accurate information? Monitor the information provided by the person over time and establish his or her record for accuracy. Don't be deceived by newsletters which list their past successful predictions but don't provide any means to verify that they actually made the predictions in advance.
Be wary of any advice which claims to be based on inside information. Some of the terms that should set off alarm bells include: 'pending announcement,' 'the CEO told me in confidence' and/or 'future earnings.' Any person who offers advice in this form is breaking the law. It is an offense under Ontario securities laws for anyone to trade with the benefit of information that has not been released to the public.

As always, investment decisions should be made only after proper research from credible and/or diverse sources. Our Investor Resource page is a great way to learn more about this subject and find links to other sites.


I think everyone here can adequately answer the 4 questions listed above for Claude. I can not say the same for you. Could you please enlighten us by answering the above 4 questions?



To: IngotWeTrust who wrote (2289)12/18/2001 1:07:13 PM
From: LLCF  Respond to of 4409
 
I've got a million and a half to buy, so get your shorts out there. <NG>

DAK