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Strategies & Market Trends : Banned.......Replies to the A@P thread. -- Ignore unavailable to you. Want to Upgrade?


To: Nazbuster who wrote (2527)1/25/2005 2:54:35 PM
From: olivier asser  Read Replies (1) | Respond to of 5425
 
Hey Mac.

What exactly do you think is wrong about researching a stock, taking a position, then letting as many people as possible know about the facts in support of your position?

I think working very hard on research, honestly obtained, alone or as a group was and still could be the great promise here and, once, at the IA sites: traders working together for a common goal, to bring out the facts about stocks. Back in 98-00, sites such as SI and yes chat sites were full of promise in that respect, but that promise was stolen by a few who abused that promise for their own purposes.

Now, here are the problems I have with how this played out:

1. Trading on non-public information
2. Front running site members
3. Selling into cover calls
4. Carefully concealed communications and negotiations with targeted company executives
5. Advising the public to chase recommendations way late
6. Posting on the Net through fictional identities, attacking all dissenters, false statements, in an attempt to create the appearance that the market is unanimous on the recommended course of action

Not all is civil or criminal fraud, though we have seen that some leads to criminal conviction for racketeering, securities fraud and extortion.

To boil it down simply, I have a serious problem with a number of so-called "leaders" in this industry like not only AP and sheeple but also Philip Berber, Leslie Moor, Chris Rea, who said one thing in public and then it turns out that the "inside truth" is completely different, all one planned deceit from the beginning.

It's one thing healthy profits honestly obtained, for example through honest research or providing good faith advice; it's another taking those profits with the direct intention of deceiving the public, profits a direct result of the planned deception, knowing the deception would and did lead to the ruin of thousands of members of the public, but carrying on anyway.