To: Sir Auric Goldfinger who wrote (378 ) 4/12/1999 11:11:00 PM From: Francois Goelo Read Replies (1) | Respond to of 10354
Auric, and you are a full time Company Basher. Here is a disclaimer for you...Should short sellers include a disclaimer when Company bashing? It is an interesting and very valid question. I believe that anyone with a vested interest (long or short), commenting (praising or bashing) a particular Company in a way that might affect the market value of its shares, should disclose his/her interest. Short sellers usually complain that investors heaping praises on the merit of certain Companies, don't include a disclaimer disclosing their position or interest. That's a fair comment, but it should work both ways, in all fairness. Below is one type of disclaimer I usually include whenever I comment on the perceived value of a Company: Typical Long Disclaimer: "I am not an investment advisor and am not compensated whatsoever by any of the companies on which I report my opinion. This opinion is for my sole use and potential investor should do extensive Due Diligence before taking long or short positions in any stock. My projections could be way off, as I am biased in favour of xxxx Company, since I currently own xxxxx of its shares. Here is an idea for a typical short seller's disclaimer:"I am not a short selling advisor and am not compensated whatsoever by any of the Market Makers I help shorting stocks to replenish their supplies cheaply. I am bashing this Company for a simple motive: bring its stock down, so that I can profit from my short position. Do your due Diligence and don't believe a thing I say, as I am very biased against this Company since I am short xxxxx of its shares" There could be other variations on the same theme, of course. AURIC, wouldn't this world be a nicer place to live if we all respected a small number of basic, gentle/wo/manly rules of fairness to all concerned? I know you won't agree! Too bad... F. Goelo + + +