StanWeinstein Posted February 5, 2003 Report Posted February 5, 2003 Today, I received a fedex package demanding that I "cease and desist" from bashing StocksAtBotttom.com. Why? I exposed them for the frauds that they are. I informed people as to how they would have fared 2001-2002 if they followed the bullish recommendations of this website. For that, I've been asked to terminate my criticism or else.
Sam Adams Posted February 5, 2003 Report Posted February 5, 2003 Or else what? All you need to do is to preface all statements with "In my opinion..." or "I believe...". These type of statements are constitutionally protected speech and cannot be challenged as being slander or liable. However, if you make a statement of fact that disparages them and you do not specify it as your opinion you open yourself up to all sorts of liability. Example: "You are a son'uva bitch." Slander if spoken or liable if written. Example: "I think you are a son'uva bitch". Opinion and Constitutionally protected speech. Example: "You are a thief". Slander and/or liable. Example: "In my opinion you are a thief". This is OK. Go to the local library and get one of those books they make broadcasting people read before being allowed to go on the air. It has all of the do's and don'ts in it as outlined above. Then, you can really make these people miserable and there isn't a damn thing they can do about it. Now go out there and kick evil's ass! All just my opinion of course.
StanWeinstein Posted February 5, 2003 Author Report Posted February 5, 2003 Or else what? All you need to do is to preface all statements with "In my opinion..." or "I believe...". These type of statements are constitutionally protected speech and cannot be challenged as being slander or liable. Thanx.
PileDriver Posted February 5, 2003 Report Posted February 5, 2003 Jesse Livermore rule: Never dollar cost avg (buy more at lower prices), only buy more (at higher price) if initial trade is right. And what do they suggest as a "tip"? http://stocksatbottom.com/tips2.htm Another rule: don't listen to tips. What a jackass site. Just proves that the mania is still alive and kicking.
Dustbowl Posted February 5, 2003 Report Posted February 5, 2003 Stan, In addition to the opinion disclaimer messages you might add, you also need to know that the truth is a defense in libel and slander cases. That said, I am not offering you legal advice and you and I do not enjoy an attorney-client relationship. The hard reality is: no matter if you use disclaimer language and no matter if the truth is your defense, any litigation they bring will be costly to you. Before you go out there and take on the world, make sure you allow a decent sized budget for the costs. Good luck. BTW, I looked at this website a couple of years ago and in my opinion they are a bunch of idiots. I am with you on this one.
Sam Adams Posted February 5, 2003 Report Posted February 5, 2003 Nah, you don't need to set aside money before you can communicate. I've sued others for liable and I've been sued for liable. Just add the disclaimer and you'll be fine. It's fun to give scumbags their comeuppance. Go get one of those broadcast books and you'll be a tiger. NOW GO KICK EVIL'S ASS!
Pretzel Logic Posted February 5, 2003 Report Posted February 5, 2003 Jesse Livermore rule: Never dollar cost avg (buy more at lower prices), only buy more (at higher price) if initial trade is right. And what do they suggest as a "tip"? http://stocksatbottom.com/tips2.htm Another rule: don't listen to tips. What a jackass site. Just proves that the mania is still alive and kicking. You mean: in your opinion, this is a jackass site. I concur with your opinion. Somewhat ironic that they chose AT&T and Lucent as their examples... we all know how well "dollar cost averaging" into these stocks has worked for the past several years.
DrStool Posted February 5, 2003 Report Posted February 5, 2003 I'm a little uncomfortable about exposing the incompetence of those who are not public figures, even if it is true. Any of you lawyers willing to do some pro boner work, just in case? Of course, I could always show any potential litigant my net worth. That would stop them fer sure. Should I even leave this thread open?
machinehead Posted February 5, 2003 Report Posted February 5, 2003 The SEC has regulated investment advisors for years. So "investment advice" gets treated a little differently than ordinary personal free speech. "The truth" may not be knowable with regard to market opinions, or may be known only in retrospect. Long-established market letter writers such as Richard Russell, Gerald Appel and Arch Crawford tend to quote and praise their like-thinking peers, while just ignoring the shills, or referring to them as a group rather than by name. Seems like a good policy.
BAREister Posted February 5, 2003 Report Posted February 5, 2003 Doc, Don't worry! If you ever get into trouble, BAREister will defend you. Oh man that would be great! Instead of "My Cousin Vinny" it would be "My Friend Furry!" Yeah,and HRFF would call on you FUR his GRAFFIX to use in courtroom exhibits. That might (putting a jury into paroxysms of UNCONTROLLOBLY DERISIVE? LAUGHTER) comprise/be construed ASS unprofessional conduct however... The BARE hASS noted here many X he is an EX-attorney, licensed on INACTIVE status. Hung up his BRIEFS, he hASS. LOL He's morphed. in/via Calvin and Hobbes' transmorgrification cardboard box. SHHHHHH!!!! don'tTELLanybuddy!
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