To: Janice Shell who wrote (7701 ) 8/4/1998 12:23:00 PM From: lazarre Respond to
The piece on MSNBC was reported by Steve Franks of the Dow Jones Newswire. It lasted about 5 minutes. Its area of focus was Misinformation by folks on the Internet. Those who pump up a company as well as those who trash ( oh, BTW, hi Janice ) a company--both examples were illustrated with lies as well as innuendo and outright disinformation campaigns. Steve Frank indicated that the SEC had recently set up a division to monitor the threads---SI being the only one specifically mentioned --- and to warn investors of both pumpers and trashers who---in the words of the reporter---were probably taking short positions in the stock ( referring, of course, to the latter ): not my words, folks, theirs.
