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SI - Site Forums : Questions and Answers with SI Admin (s) -- Ignore unavailable to you. Want to Upgrade?

To: d:oug who wrote (3270)	8/27/2008 10:29:34 PM
From: Jeffrey S. Mitchell	Read Replies (1) \| Respond to of 4895

d:oug, I actually understand what you are trying to say and you make perfect sense! Yes, there is an entire group of traders who are essentially amateur PR folks. They find a stock, take a position, and start talking it up like a company hired PR person would. In reality, yes, they are more insidious than the paid folks since they use their perceived independence to create a false sense of impartiality. That's why they attract more attention from the "bashers" than the disclosing company hired folks. It's all about disclosure. If people want to believe PR folks speak the gospel, that's their prerogative. They were warned. If someone says "most penny stocks are crap run by scammers, but you can make good money if you board the hype machine before it leaves the station", as long as they don't falsely drive the hype, at least they are being honest. Every trade in theory is between two people with the opposite opinion of the value of a stock. As long as there's no deception involved, if someone is dumb enough to put their life savings in a non reporting company on an exchange known to be a haven for scammers, why not take the odds in your favor and bet against them? - Jeff