SEC Charges Eleven in Stock Manipulation Ring

[janice shell]

You mean to tell me no one buys or sells stocks based on what is posted on a stock discussion board?

As I said, I hope not. Members can post all the "information" they want here, but it's up to each individual to determine its accuracy.

What is the purpose of a stock investment discussion board as a source of investment information then, if not to discuss various stocks and their potential investment quality in order to make an informed decision?

The purpose of the stock boards is indeed to discuss the stocks in question. That does happen, but again it's up to every individual to evaluate that discussion and make up his or her mind accordingly.

I deplore the fact that many stock boards consist of little more than spam these days. The purpose of the momo boards, in my view, is to spam tickers, and those kinds of posts should be limited to those boards.