Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (1228)	5/14/2003 10:14:36 AM
From: GraceZ	Read Replies (2) \| Respond to of 4907

It wasn't simply a matter of them taking time to figure out they were fleeced, it was a matter that they were willing to go along with and ignore the outrageous valuations and departures from sound fundamental analysis as long as their stocks moved ever higher. Think about what it was like to argue sound fundamentals on some of these stock boards back in 1999, anyone who did was essentially shouted down. The public didn't get their money stolen as much as they threw it at the hucksters, they lined up to give it away. It was only when the game reached its natural end that they wanted to hold the street accountable. At the same time, I think that companies that falsified their numbers should absolutely be held accountable because that practice sucked in even those people who shunned the big game and tried to honestly make a buck based on thorough fundamental assessment. Not only that, the biggest damage it did was to companies who reported honestly who were trying to compete with them as well as the attendant loss in confidence caused by such a serious breach of trust.