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To: tonyt who wrote (21230)4/8/1999 8:39:00 AM
From: LABMAN  Read Replies (1) | Respond to of 27307
 
FROM REUTERS

Home - Yahoo! - Help

[ Business | US Market | By Industry | IPO | AP | S&P | International | PRNews | BizWire ]

Thursday April 8, 8:20 am Eastern Time

Yahoo! Up at 215 Pre-open From
208-7/16 Wednesday Close

(This is a headline-only alert, although it will likely be
followed by an article soon)

More Quotes and News:
Yahoo Inc (Nasdaq:YHOO - news)
Related News Categories: US Market News

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To: tonyt who wrote (21230)4/8/1999 12:46:00 PM
From: Cheryl Galt  Respond to of 27307
 
(OT) > A reason to always go to the source and not rely on a stranger's 'links' <

Tony, That's quite a story.

If ever there was a story to drive home the point that "People have to be smart enough not to trade on anonymous Internet postings," this was it. What a new insight into the "Buyer beware" caveat!

What evidence that we are sheep among wolves! -- wolves with cheap, easy-to-use web weapons, and rapid, wide distribution of their hoaxes. And to think s/he did it on "Angelfire." Nothing angelic about such fire!

I must admit, never before have i worried that i might be fooled by a link -- so much thanks for posting this example.

The good news: The hoax came out on Yahoo at 9:37 am, and by a little after 10am a Yahoo poster already was calling it "bull"
-- though not quick enough to deter 13 million of extra volume in Pair Gain shares traded
-- and it took until 11:40 for Bloomberg to repudiate the bogus Bloomberg posting.

If ever anyone writes a book called Tall Tales of the Wild Web, that story should be included.

Regards,
Cheryl

PS - Now i'd better check the original Wall Street Journal, to verify that there really was such a story in the WSJ. ;-)