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Re: Traderfan post# 61172

Thursday, 01/08/2009 4:27:20 PM

Thursday, January 08, 2009 4:27:20 PM

Post# of 86825
It's not unlike another misconception you see on the boards all the time. That is the premise that unless one owns stock in a company, they can't possibly have anything to say worth hearing. Actually the opposite is true. Those who have a vested interest in a stock are far more likely to paint a biased picture. That is why the SEC requires disclosure from stock promo outfits so you can know if they are compensated with shares for pumping a company. It's also why public officials are not supposed to own stock in a company that they might influence with their office. The very best stock picking sites do not own shares in stocks they recommend. That is why they are not free. If they are consistently wrong, they lose accounts. One such outfit I like is StocksAtBottom.com