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Pastimes : Georgia Bard's Corner -- Ignore unavailable to you. Want to Upgrade?

To: greg Benfield who wrote (3647)	7/12/1998 10:00:00 PM
From: Ga Bard	Read Replies (1) \| Respond to of 9440

As the internet grows, more people are investing which changes the way stocks trade. Six months ago throwing out a stock tip was like throwing raw meat into shark invested water. A feeding frenzy develops. Well, as with a shark feeding frenzy, some of the sharks get eaten. Same as the market you have to have buyers to sell. Someone is always going to get caught at the top. Once blood is showing in the red equity figure someone is responsible for this. Welcome to the witch hunt. With each bad decision a new character assassination is developed against someone. Welcome to the emotional masses that sign on and invest without educating themselves. Facts are not wanted only the emotional logic that someone is responsible. Next if you are positive on a stock a stock then you have to be a paid promoter by the company. You have to be doing something wrong by the laws of the SEC. The SEC does not make suits against private investors. Now the move on the internet is to somehow, in their witch hunts, convict by speculation that a private investor is a paid professional. It does not matter if they are a private investor or not the lynching mobs feel they are so they must be. Another words someone is guilty without one fact. However if they can find this person guilty then they feel the SEC should also. However though the SEC is being slammed with complaints of those that think they have a complaint it does not change the rule. Here is the law they are trying to character assassinate with. Investment Adviser Act of 1940 This law establishes a pattern of regulating investment advisers. In some respects, it has provisions similar to the Securities Exchange Act that governs the conduct of securities brokers and dealers. With certain exceptions, this act requires that persons or firms compensated for advising others about securities investment must register with the Commission and conform to statutory standards designed to protect investors. Or the infamous insider trading rule: Insider Trading Insider trading prohibitions are designed to curb misuse of material confidential information not available to the general public. Examples of such misuse are buying or selling securities to make profits or avoid losses based on material nonpublic information - or by telling others of the information so that they may buy or sell securities - before such information is generally available to all shareholders. The Commission has brought numerous civil actions in federal court against persons whose use of material nonpublic information constituted fraud under the securities laws. The Insider Trading Sanctions Act, signed into law on August 10, 1984, allows imposing fines up to three times the profit gained or loss avoided by use of material nonpublic information. This is has to be proven first and anyone doing it their trading record will convict them in black and white if they had no reason to do the transaction. It is called I believe evidence, burden of proof, etc. etc. etc. you know the reason to convict by the laws of the USA. Accusations do not prove anything except to those on a witch hunt. However, it is not for a private investor researching and willingly posting their DD on line. Private investors are investors period. Adviers have to be license and if some follows your opinion and what not then they are at fault not the private investor who made the post out of being diligent and willingmess to share. This office is responsible for conducting and coordinating all compliance inspection programs of brokers, dealers, self-regulatory organizations, investment companies and advisers, clearing agencies, and transfer agents. The Office determines whether these entities are in compliance with the federal securities laws, with the goal of protecting investors. People do not realize that not once has a private investor ever been indicted in a security issue. However, the internet is a lynching mob consisting of many people who refuse to do their own research. Throughout our history this is why we have laws and agencies to protect the innocent. Many a person has died because of irrational emotional temperament of someone has to be responsible for someone else's loss. Facts are not wanted only results, a scapegoat for the whiners for justice. I was once told by the proper authorities to have people make their complaints on private investors to the regular sources or to anyone that will listen to them. Before the internet the Mms, shorters and day traders made tons of money. Now as fact finders are growing on the internet then they are the guilty ones for being positive is the rule. To heck with all the facts the stock went down someone is to blame for this. Problem is as more solid investors sheer up the price the shorters are shorting against themselves. Dang hard to get sells now if no one is buying. They have to nail the researchers, solid investors and take them out. They have no choice because you can't make money with solid investors that will not sell. Every month a new tactic evolves for the victims of poor investing. What do they? Simple they have to write articles in a professional capacity that points fingers on the internet researchers as paid on line promoters. Raise the doubt and go forward with it to the max. to discredit their character. As the internet develops and people get wiser more tactics will have to come into play. Under freedom of speech vicious implications and accusations have to come forward to effectively affect the fear/greed emotion. Take out the strengths in a stock and you can make a ton or money rolling it. Not only the ones that capitalize on such but dissident investors, grudge bearing personnel/investors etc. etc. etc. No one wants or likes the fighting but if you put people together in any kind of forum emotions and motives are going to cause disputes especially where money is concerned. People who know nothing about the industry or the market or even business now want respect for knowing what they are doing and someone to blame for their losses. No proof of anything except they are loosing money and whining casting blame on someone who may have been very positive on the stock. No longer does it matter about facts as they are known. Then if something ticks off these whiners they want to know why it was not discovered before. WHERE IS FULL DISCLOSURE. Well full disclosure is not a private investors responsibility it is the company's. Now these character assassins feel they have a right to all insider information. If they do not get it then by George they have been scammed. If news is late or results are untimely they again have been scammed. More and more the internet is a place where talking about a stock is not the place to do it. It lurks with people who wish to have it back the way it was before the researchers and solid investor hit the OTC. Reason, logic and common sense do not play a part in this scenario of the internet assassinating. Some sign on for the deliberate purpose to convict whomever they can find to blame. Not that they are responsible, no it has to be someone else. Guess after a few lynchings and the researchers go private then front running or some other stock dealer rule which does not apply to private investors will be used against private investors. If you do not share your information willingly then you are a cad because those that whine never pick up the phone but invest based on the information of the internet. As we study the internet the ones who pray on the negatives are desperate to get the past as a consideration or their negatives considered. Now this is regardless of the truth, the facts or anything else. Once people loose money they want the negatives which feeds right into the hands of those that prey off the negatives. Shorters are so bold now that they actually come on the thread and tell people they are shorting and have a negative effect on the stock. They cover call everyone an idiot and move to another stock. Bold is becoming the way. There are those that even with numerous proven scenarios can find someone who is ticked they can cause a negative force also. They have to get out their story because some are going to come to their aide. That is the American way. Private messages can build a positive assassination far greater than facts. People refuse to understand that posting a negative without verification of fact is not wise. There are a lot of legal words for this irresonsibility like slander, malice, defamation, etc. etc. etc. where as good can be dispelled when verification cannot be supported. Emotions are and always will be the basis for irrational behavior. Common sense does not dwell in these people that are emotionally controlled. Praise and blame are all the same just depends on the stock price. Fights on the internet will continue because if they do not then the negatives will win and they have every intent of doing so for they have to destroy the concept of solid investing. The struggle for facts will always be a problem when dealing with the emotional condemning nature of people who want their ideas imposed on others. This struggle has been and always will be an inevitable fact in the market. Emotional whiners always go against the facts and get flamed for it. That is an outrage and they get even worst. Now with the secrecy of the internet a mounting character assassination can be mounted in private messages for any emotional ear they can find. For many investors the most frustrating concept of investing is not being able to understand why things happen. They have to have a reason other that the facts. It is so much easier to see someone close at hand as guilty because the guilty are gone and couldn't care less. Irrational behavior is too tempting and can be seen clearly in their comments, implications, accusations, mean-spirited acts, and selfish behavior. The more they look bad the more the make it a quest to condemn. Wrath is this the by product of frustration. Vengeance is pay back with extreme prejudice. Sarcasm is the power used to attract attention. Adding and subtrating a word is the typical credibilty ploy. As the internet grows and learns, fights will continue and those with a voice are going to express it and so is their right to do so too. Welcome to freedom of speech of the private investor/citizen. GB