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Wednesday, 05/24/2006 2:08:08 PM

Wednesday, May 24, 2006 2:08:08 PM

Post# of 44
The Fundamentals of Trading Stocks - #5
Beware of the naked man that offers to give you his shirt. Message boards are replete with short-and-distort, pump-and-dump, front-end-loader, etc. operators. If claims made seem too good to be true ... well, you know the rest.

If you don't know the saga of Jonathan Lebed, then check this out: http://www.cs.brown.edu/people/rbb/risd/Lebed.html Yet, in 3 years time, he is running a stock tout site and hundreds of people are spamming it on message boards. He learned his lesson: become a more sophisticated scammer.

"When in doubt, empty the clip."

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