Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : PairGain Technologies -- Ignore unavailable to you. Want to Upgrade?

To: epicure who wrote (30498)	4/16/1999 3:15:00 AM
From: Intrepid1	Read Replies (2) \| Respond to of 36349

X, If Mr. Hoke had somehow managed to have his fake story distributed through an accredited wire service then I would term it a fake press release. As he published it only on his own web page I cannot see how it can legally be termed a news release. Therefore Mr. Hoke cannot be charged for issuing a fake press release if what he published was in fact not a press release at all. Those on the Yahoo thread who heard Mr. Hoke shout fire could easily have checked the Yahoo quote and news server to see if the release was there. They could have checked Bloomberg itself, or gone to the actual news provider that Pairgain uses for all its press releases. I myself never personally rely on news posted on a free web hosting service. The frenzied day-trading mob which rushed to buy the stock only have themselves to blame. As for the shorts who got clipped no one likes them anyway. <g> regards etc. edit: if what Hoke did was not for profit he won't be charged with fraud but with public mischief or something along those lines. Your Fire in the theatre argument might just sway the jury. <g>