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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?


To: Kevin Podsiadlik who wrote (10097)6/29/2002 3:07:27 PM
From: Edscharp  Read Replies (1) | Respond to of 19428
 
Kevin,

I have zero problems with someone who posts truthfully about the problems of a company. If a CEO has a history of criminal doings then certainly this is fair game. If a company has misreported assets or made misleading statements to investors and a poster can establish this with hard facts, then fair game.

Recently, on the RB ASTN board Mary posted an article on toxic financing that made an interesting case that such financing should be outlawed altogether, but at least, at a minimum; should be fairly and clearly reported to shareholders. I couldn't agree more.

I have a big problem with short-trading when a semi-organized association of short-traders arrive en masse at a message board and begin to pound the heck out of the stock with few facts and lots of veiled suggestions of wrongdoing.

Whether you want to admit it or not there are people within your ranks that have no ethical qualms about exaggerating (lying about) the wrongs of a company and, it seems to me, that the rest of you that remain silent to their antics profit handsomely from it.

I harbor the suspicion that ultimately the Elgindy affair will demonstrate my point.