Ok Lance, you're a sharp cookie....follow me on this.
Hypothetical...our-street shorts before they release one of their publications in anticipation of the share price declining based on the negative report.
Pumper.... takes a long position and then proceeds to hit radio shows, emails, tv and whatever else he has to do to promote the company.
Both are seeking to profit from their activities..just in different directions.
For whatever reason, the pumper's methods seem to be more socially acceptable, politically correct...or something.
BUT, what most fail to mention and conveniently overlook is a very basic fact that has HUGE consequences.
Think for a second Lance....where does our-street get their information?
Where does Mr. Pumper get his information.
Our-street gathers ALREADY PUBLIC information, puts it in a comprehensible format and distributes what is ALREADY publicly available IF you know how and where to look for it. The point is...anybody has access to that info...it's ALREADY PUBLIC. They make phone calls and talk to people...you could too if you wanted to take the time.
Now, where does Mr. Pumper get his info? From the company or some other insider. How many times have we seen.."rumor of news tomorrow"..blah, blah. Even if the pumper does not know the precise language of the news, he is still privy to a material event that may affect the price of the stock. The difference is, THE PUBLIC AT LARGE DOES NOT HAVE THE SAME ACCESS TO THIS INFO AS MR. PUMPER DOES.
Personally, I have absolutely no problem with our-street or any other scam busting newsletter profiting from their efforts. If you have ever done the kind of DD it requires to put together one of those letters, you would understand. Why shouldn't they profit? And, keep in mind, all they are doing is gathering, organizing and presenting what is ALREADY AVAILABLE TO THE PUBLIC AT LARGE.
