Seeking Alpha has a couple of important posts about blogs and conflicts of interest that I encourage all of you to read. In the first post David, the author, asks:
- With (often anonymous) blogs, how do I know what I'm reading is accurate?
- How do I know that the author isn't trying to "pump and dump" a stock?
- How do I know the author has disclosed any position in the stock being written about?
The second post gives an example of potential issues with one blog in particular and also has a rebuttal from the author of that blog.
I have many thoughts on this topic and I'll post them here as well as in Seeking Alpha's comments later today.
Hey Mike,
You notice any problems with my Amazon ads? They keep dissapearing in my browser,just wondered if anyone else was seeing this?Sorry it does'nt pertain to your post but I can always rely on you for a quick response to anything.Thanks in advance.Good post by the way.
One big concern for me is liability for a trading relate website. Can someone come along and say "I traded your picks and lost big $$$" and then sue? I know you can try disclaimers snd stuff, but will that be enough?
That's always been a concern of mine too. If people can sue McDonald's for making them fat... :-)