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Microcap & Penny Stocks : CMOZ, next cmgi -- Ignore unavailable to you. Want to Upgrade?

To: Ned Land who wrote (232)	1/28/1999 9:30:00 PM
From: Toby Zidle	Read Replies (1) \| Respond to of 947

Ned, you ask, "Do posters who hype stock have any liability for investors like martman here who lose their shirts?" Perhaps morally, doubtful legally. Why does the naive investor insist on following anyone's advise without attempting his own due diligence? Are there not two sides to an investment situation posted on the same message board? Certainly here there are. Finally, does the person offering bad advice do it intentionally to defraud or is he simply misinformed himself? Intent to defraud is quite hard to prove. In the final analysis, the investor who has lost his shirt once to the market will only lose his shirt one more time -- to his attorney. Now may I pose a converse question to you? Suppose I listened to you a week ago with CMOZ at 50¢ and refused to invest my money because you convince me that CMOZ is but a hair away from bankruptcy. Do you have any liability to me for keeping me out of a stock that rose as high as $5 today? That 100,000 shares I was going to buy would have been worth a neat $500,000. Don't you have a legal responsibility to me for deceiving me out of all these profits with your bad advise? How is the question you ask different from the one I'm asking?