At 02:17 PM 3/26/99 -0500, Martin B. Schwimmer wrote:
>>If someone sells NSOL short, that means they are motivated to find dirt,
>>just like an investigative journalist.
>
>If someone sells NSOL short, they are motivated for the stock to go down.
>They would rather be rich and wrong than poor and right, which may
>distinguish them from the investigative journalists of the world. Which
I see that you have not noticed the primary motivation for investigative
journalism, which is to sell newspapers though the generation of
controversy. Good journalists do have reasonable ethics. Folks in the
stock game that try to manipulate stock value by knowingly spreading false
information go to jail.
On the average, that means the stock folks have a stronger incentive to
play it straight than do journalists, since the punishment is far great.
>doesn't mean that the short seller isn't telling the truth. In any event,
>I was suggesting that the context for the press release was different
>coming from a short seller than if it came from, for example, the SEC.
Or coming from NSI or coming from your mother, or coming from God. None of
those sources guarantees truth, in spite of your mother's high ethics. (I
won't comment on the others in the list...)
What matters is the facts, not where you learn them from.
d/
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