Welcome to WebmasterWorld Guest from 126.96.36.199
Forum Moderators: not2easy
However, there's likely a few more facts that would have to established than simply the fact that the stock went down, such as you were selling whilst telling others to buy.
You would likely do well to do some hours of reading about the subject, starting perhaps at SEC.gov.
Might also want to spend a few bucks on getting guidance from a securities lawyer.
[edited by: walkman at 6:29 pm (utc) on Mar. 29, 2006]
For example, it's my understanding that a nationally syndicated financial radio show host is prohibited from buying or selling any stocks he discusses on his show for 30 days after the broadcast (or something like that).
Hey, it's your site, it's your money (for now), it's your decision.
not sure if you're pulling our leg or not, but here it is anyway: you convince idiots to buy, buy, buy, and you sell your stock (bought well before the buying frenzy) while the price is inflated because of their purchases. They of course lose.
What WebmasterWorld people think about this kind of services?
But you have to get it right, which can be tricky. Users have to be able to specify the purchase price, the number of securities and the time of their investment, otherwise returns will be skewed.
Most portfolio trackers default to the closing price of the securities offerred which can significantly skew results.
Bad: "Buy XYZ and you are sure to make 1000% in the next month!"
Good: "I like XYZ, in fact I bought it for my own portfolio, because they have beaten analysts earnings estimates the last 8 quarters."
Stick to the second comment and you should be fine.
that would be another freewebsiteidea ;)