If You Are Going To Bash A Stock Be Sure You Aren't Doing It On Company Time

Without taking a poll I figure most penny stock traders have jobs to help support those days/weeks when the money isn't coming in.  I'd also wager many penny stock traders use their time at these jobs to trade stocks and post on internet message boards.  If you are one of these full-time traders I suggest you utilize a little caution when posting negatively about a stock on an internet message board.  These companies might not have a leg to stand on if what you write is true, but that won't stop them from tracking you down and telling your boss how your misusing company time.

Example 1: A recent press release that is almost comical.



Prime Star Group Uncovers Identity of Anonymous Basher LAS VEGAS, NV, Jan 04, 2010 (MARKETWIRE via COMTEX) -- Prime Star Group, Inc. (OTCBB: PSGI) is pleased to announce that it has discovered the identity of the anonymous poster known as DudleyDoRight and Sky-King on the internet financial sites of InvestorsHub, Yahoo and RagingBull. The basher, who primarily posts on Investorshub.com, is an individual known as David W. Pippy, an employee of the Illinois State Comptroller's office located in Springfield, Illinois. Mr. Pippy has acknowledged to the CEO of Prime Star that he is the anonymous poster. Mr. Pippy posted on the government computer during regular business hours with the alleged purpose of driving down the price of PSGI and other publicly traded companies. Legal Counsel for Prime Star Group alerted the Illinois State Comptroller's office. The office's staff investigated Mr. Pippy's computer after he admitted to using it to post his comments, and their office has elected to turn the matter over to the SEC instead of pursuing the matter further themselves.
PSGI plans to pursue all legal remedies against David W. Pippy and others involved in this attack on the company and any attempt to manipulate stock. Roger Mohlman, CEO of PSGI, said, "It is apparent to anyone who reads these boards that my family has been victims of a concentrated attack by cowardly individuals using anonymous names to try and mask their identities and tortuously interfere with the business of our company.
"I would like to thank PSGI's valued shareholders and let them know that in spite of the three year attack on my family and me, the company, its officers and directors, I am committed to continue to move this company forward and I appreciate the continued support of all my shareholders and suppliers and I'm looking forward to implementing what PSGI has on schedule for 2010."










Example 2: A bevy of releases on Pink Sheets from MMG Minamargroup:


http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=28084




I feel people should be able to voice their opinions, positive or negative, on a stock without the threats outlined in both examples if the information is true.    It's much like my repeated posts about EWRC and EFVN.  I know these stocks and what they have done.  Consequently I am trying to steer people away from those money vacuums, and I use factual information as well as charts to back up what I am writing about.  These "bashers" that these companies are trying to chase have most likely lost money on these stocks.  One way for them to get back, so they think, is to hammer these stocks on the message boards.


If you have the time to do that, then by all means speak your mind.  Just be sure you aren't doing it on company time.  They will track you down and let your boss know what you've been up to and you might end up joining the millions looking for a job these days.