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Pastimes : Can SI Members Really Manipulate Stocks? -- Ignore unavailable to you. Want to Upgrade?


To: AuldDruid who wrote (311)8/3/1998 11:13:00 PM
From: Dayuhan  Read Replies (1) | Respond to of 461
 
Important to remember, I think, that stock manipulation didn't start with the Internet. It's been around for years. If anything, a message-board hypester is more benign than a telephone broker - at least the board is open to people who can puncture hype.

It's hard to draw a line between legitimately discussing a stock you like and hyping it. People have to be responsible for their own money, and 99% of the hype jobs I see on SI can be punctured by the most elementary attempt at DD. I don't think it's the job of the SEC to make sure fools and their money don't get parted. If there has to be a line, I'd rather err on the side of allowing more than allowing less. Free marketplace of ideas, freedom to choose among them.

An SEC hand on the boards would not be entirely unwelcome, but I hope it will be a very light one.

Steve