Think about all the money spent on CNBC, BNN (Canada's version) The Street, Bloomberg....then there's analysts, writers, countless newsletter services and ipod broadcasters as well as radio networks....
My guess, its a billion+ dollar industry on a yearly basis.
Now consider there are somewhere around 15,000 to 20,000 public companies trading between the NYSE, Naz, AMEX and OTC exchanges/markets. And once you get past the NYSE you're looking at thousands of companies that rely on their shares for survival....so they're constantly looking to attract attention, paying cheeseball promoters to interview them, getting pumped by email blasting chop shops, being profiled by countless newsletter writers with dubious names.
I'm not surprised there are so many forums...and I try and watch as many of them as I can because I've always got my ear to the ground for a pump.
If you want to taste the fruit, you have to go out on a limb. But if you wait for the herd to move out on the limb....the branch tends to snap.
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