Here’s a dialog that perhaps shows a large problem with online stock commenting, from yahoo threads to seeking alpha to raging bull, etc…
the issue of what in one of my disciplines is styled “vector of credibility and provenance.”
\
the remarks from a yahoo poster are styled inside :”
my added comments inside the dialog are in parens ()
:”but what is important here is the truth. and that is all i’m after”
ok.
i’m after having clients see 20% plus free shares..or better…
if i wanted “truth” i’d head for a theology thread.
(ever notice how people who want to sell at higher than their entry price try to make their hyping sound like Superman?? )
now…perhaps…by “truth” u mean transparency, liquidity, and a level playing field…. then sure…. totallllllllllllyyy….
(As noted here and elsewhere, a primary goal of this website is to knock some of the smudge off the mirror and let a transparent, liquid, and transparent process work. this will, btw, reduce the potential profits for some people. and therein lies why it doesn;t get done. next task is to identify those people, and see them for what they are.)
as a stickler for 1 or 12 things, and in the interest of commo0on ground… :”look you can dissect what i say to you and respond as you wish,”
i don;t have to look. that’s something that just….is.
on board after board, random people set themselves as arbiters of some vague “rules of courtesy” or whatever…
(that is, snake oil llc, solg.ob wants to “stop death.” therefore anybody long on that puppy is inherently noble, and in a position to tell others..something…most usually something like “if you don;t like solg.ob ur a satanic basher and an employess of the democrta/rebulcians/teabagger/alqaeda…whatever” )
:”i do believe the sec is the responsible party when it comes to policing these companies”
… ok. that seems to be the law…
but……….so what?
(indeed…so what? the point in an earlier discussion was that the poster had been told by a company’s i/r (isco.ob) that it woulfd be filing its 10q by the middle of august…on a normal calendar year…In other words this poster was bragging that the equity was engaged in minimal compliance with sec regs.
why would that matter?? because for the past couple months isco has been doing an additional tranche,m and the clearing price has tanked from 2 1/2 to 15/16, and retail spedculators aren;t getting clear answers. the short interest as perceivable has climbed like a mad dog—which tells me its being gamed on both sides, a previopusly unkown insider is dumping…all kinddsaa fun stuff…. that the prudent speculator might wanna know about…
none of those is inhererntly…”bad”…but not knowing what is going on…is.)
one might find an 8k today from btim stating that a deal it said was done in march, just got done this week, but really, it was done last year, so that this year will possibly look much better than last year, so that the ceo haws bragging rights at dog&pony shows… and u know what the sec will have said about that???
somethingt like “filing received.”
and therein lies the trouble woith thinking the existence of the sec means anything at alllll, other than there is aplace to find some documents. this exaple of btim.amex shows that these documents can lie, totally lie, like july 2010 happening during 2009–and be “fully sec ompliant.”
:”please do not solicit fees from me ”
that was >not< a solicitation. it was a statement of fact in re u being in some position to say things like :”you can dissect what i say to you and respond as you wish,”…
(evidently some people think there is a “do not call” list for the internet–except when they want to make a call. Prudent speculators are warned—to the precise point of this essay—that people continually giving away “free” information are making their money >>>somewhere<<<. and it may very well be by blowing smoke to prevent clear sighting of what is going on.)
Prudent speculators are warned:
:”but they are the ones to go to” …yup. exactly what i have been saying…. >>>not<<< i/r….given how retchidly unreal a filing can be…how much more wiggle room can a prudent speculator afford to give away??
:”the need to hold back thought because you are not getting paid that is your right”
“A counselor’s time and advice are his stock and trade.”–said by the guy who got onto the $5 by having reallllly bad seats for “our american cousin.” If you are running your own $$$ 100%, then trust others about 0%.
do your own dd. and “don;t follow leaders, watch the parking meters”
fd: clients in isco.
Posted under business
This post was written by admin on July 22, 2010
i read that back and forth.guy is off base.but then again so is most of the world.something for nothing and free money and the chicks are free.the difference between the punk koolaid drinkers on a message board and glen beck having millions of rabid koolaid drinking followers is frightening.you have to watch one of his shows,with his circles of conspiracy and other props,especially when he manages a tear or two.his followers believe every thing he says,even when presented with overwhelming evidence that what he said is a flat out lie.a freind?just sent me an article that states there were more black slave owners before the civil war than white.he insists whites had very few.i give up.like your blogs.most people cant handle honesty.