Yeah I read that and thought to myself, "That can't be what he's talking about." Guess it was. Just let me be a little facetious here say the SEC's response would give brave men continence problems. They didn't have to be so harsh.
That was quite the beat down. Check out Hume's Law sometime. That's probably where you'll find some of the answers to the question of why investors do what they do, like reading into things that aren't there.
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