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Microcap & Penny Stocks : ASK: "THE LAST DON" OF MOMENTUM TRADES -- Ignore unavailable to you. Want to Upgrade?

To: ErnestPoe who wrote (13009)	5/6/1999 5:55:00 PM
From: Jacalyn Deaner	Respond to of 15987

Wall St. Eavesdropper How to spot message board scammers By Jeff Clabaugh, CBS MarketWatch Last Update: 11:19 PM ET May 5, 1999 NewsWatch If you spend a little time reading the stock message boards (like I do for another MarketWatch column called All Aboard!) you quickly notice several things: There are a lot of very enthusiastic traders, a lot of misinformed investors, some people who think they know a whole lot and many people who really do. And there are those who try to use those message boards to manipulate a stock's performance. Reading and even participating in these boards can be a good thing. Bouncing your ideas around with others who share your investment choices can help you invest smarter. But if you're going surfing, bring your shark repellent. Stockhouse.com has a dispatch posted called "9 Red Flags That Identify online Message Board Scammers." While some of the points may sound like common sense, you'd be surprised how easily you could mistake a scammer's enthusiasm or disdain for a stock for objective investment knowledge. That said, here are Stockhouse's red flags: 1 Someone who hyper-posts on only one stock 2 Someone who uses multiple identities 3 Someone who repeatedly attacks or belittles others on a stock's message boards 4 Someone who emerges as the stock's moderator, or leader of the discussion group 5 Look for the poster with a short history in their profile who suddenly shows up during a stock run up and appears to know "all about" the company 6 Someone who is nearly always the first to respond to company developments 7 Someone who continuously hints at upcoming company developments, unreleased company news, unannounced contracts and forecasts discoveries in natural resource exploration stocks 8 Someone who hypes the company during the run up and then "changes" his mind and begins attacking the company, the company insiders and the project 9 Someone who goes out of their way to find bad news about the company and makes a "case" out of it Good message boards tend to develop a feeling of community and a lot of the big message boards do a descent job of policing themselves. Some put unwanted posters in "the box" or "label" them as trouble makers. Others post warnings about individuals of questionable motivation. Read the full story ------ Previous