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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS) -- Ignore unavailable to you. Want to Upgrade?


To: Malcolm Thomas who wrote (53378)12/30/1998 7:13:00 AM
From: Ellen  Read Replies (1) | Respond to of 55532
 
SEC WARNING to online investors

Online bulletin boards ­ whether newsgroups, usenet, or web-based bulletin boards ­ have become an increasingly popular forum for investors to share information. Bulletin boards typically feature "threads" made up of numerous messages on various investment opportunities.

While some messages may be true, many turn out to be bogus ­ or even scams. Fraudsters often pump up a company or pretend to reveal "inside" information about upcoming announcements, new products, or lucrative contracts.

Also, you never know for certain who you're dealing with ­ or whether they're credible ­ because many bulletin boards allow users to hide their identity behind multiple aliases. People claiming to be unbiased observers who've carefully researched the company may actually be company insiders, large shareholders, or paid promoters. A single person can easily create the illusion of widespread interest in a small, thinly-traded stock by posting a series of messages under various aliases.


So true...and seems to me that this has grown more and more evident as time passes...

What I find to be both frustrating and odd is that a similar "warning" isn't included about those on the "short side". Why don't the SEC, news organizations, stock "detectives" and others who write about such matters cover the whole spectrum of "manipulation"??