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Replies to #2531 on NNRF Inc (NNRI)
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PrimeTrader

09/21/07 7:18 PM

#2532 RE: GIBBER #2531

Gibber, I appreciate your attention to "due deligence" but for SEC purposes I doubt your concern over individual disclosure on a message board would hold water with the SEC. The analysts you hear on CNBC making recommendation on stocks are paid analysts. Therefore, they, by law, must disclose if they own the stock they are recommending others purchase.

I have followed StockTiger's site for quite some time. He,like others who post on Stockcharts.com provide a disclaimer. They are not paid analysts. They provide a free service and as long as they post the disclaimer, are exempt from the SEC requirement to acknowledge ownership - as are you and I.

While he has shares in the company I've not heard him recommend anyone go out and buy the stock. What he has done is provide technical charts for anyone's review which allows them to make up their own mind. He also provides, for free, functional information on companies.

You might use the following analogy. On CNBC you see the folk,s behind the desk who pull up charts and tell you a little about the company. They do not have to make a disclosure. But when they bring on a professional (paid) trader like Cramer, or someone from Bear Sterns and ask them what they think a stock will do, that person has to disclose if they own any of the stock. I subscribe to Dines, Aden Sisters and others. When they send out "alerts" to subscribers with purchase recommendations, they do not have to disclose their ownership in the stock. The SEC rules on this subject are not as rigid as you suggest.

You may recall that the President of this company has an extensive SEC background. I seriously doubt there are any worries about the information StockTiger shares with anyone.