To: ddl who wrote (2692 ) 10/25/1997 1:44:00 PM From: Jadrew Read Replies (1) | Respond to of 7966
Internet Related, not Ashton specific: It is with amusement that I read about this "internet lawsuit" b/s. The one great benefit of "free speech posting" on the internet is that is not restricted to "certain" parties. In the past, the "poor investor" was at the mercy of the "information middleman" the newpapers, the newletter writers, and analysts. Today, whenever "opinions" are posted, we can immediately challenge their value or validity. The probability that "internet postings" can cause longterm damage to a company is laughable. We're all here to make money, by in most cases "longterm" investing. We try to evaluate a security to determine if its undervalued or overvalued, something that happens "every" time a trade occurs. If internet posting could drive the price of a stock down below its "true value" whatever the hell that is, hey, others will buy it (driving the price back up). Its called "market efficiency" So now, the opportunist "legal committee" senses a new source of revenue, protecting the "poor injured" company. Good Luck. Next thing you'll be reading is that "anybody" who sells a security is implying that "its a bad company" and will be sued, because they "injured" the company. Just a suggestion to all those "poor injured companies" (Disclaimer: not saying Ashton falls into this category - I'm long the stock") worry about your "business issues" and enhancing shareholder value", leave free speech alone. As for the lawyers who think they have a chance in winning many cases: Just try to prove an internet posting caused longterm damage. Ha Ha Ha ! For the day traders, who post misleading information, attempting a quick profit, the rest of us will police them and dispute their postings (and yes, you securities regulators can help).