Official ASF Policy on Ramping

[Joe Blow]

A reminder that stock threads are not for telling us what stocks you bought, how much you bought or what price you bought it for.... unless you are illustrating your methodology or making some kind of bigger point. If the rest of your post is filled with some of the abovementioned analysis or information and you happen to make mention of it in passing then fair enough, but I am specifically referring to posts that only contain information about what stock you bought, how much your bought or at what price a stock was purchased or sold for.

These kind of posts will be removed as they serve absolutely no purpose and are completely unverifiable.

I know this is not technically ramping (although I can see how it could be used to ramp) but by putting it in this thread it will be sure to get some attention.

 

[mmmmining]

Re: SRZ - Stellar Resources

Admin note: The following section of this thread was a discussion on ramping that was split off from another thread.

Gents,
I would also like to point out that inflamatory language like 'loading up' is interpreted as ramping.
Kennas

Just remind me of what communist China did, or something Mr Bush said "Either with us, or against us". Why everything is either black or white? Can we have some gray area?

Do we need this kind of over-policing? SIR??? Can we have some fun, colorful language, and have some personality? Or this forum will become boring politically correctness junk staff. It will really turn me off.

 

[Sean K]

Re: SRZ - Stellar Resources

Just remind me of what communist China did, or something Mr Bush said "Either with us, or against us". Why everything is either black or white? Can we have some gray area?

Do we need this kind of over-policing? SIR??? Can we have some fun, colorful language, and have some personality? Or this forum will become boring politically correctness junk staff. It will really turn me off.

You're comparing ASF policy on ramping to Communist China?

Let's have fun, but don't ramp. Simple.

 

[Joe Blow]

Re: SRZ - Stellar Resources

Can we have some fun, colorful language, and have some personality?

Indeed you can. Have absolutely no problem with any of the above.

The only thing the mods and I have a problem with is ramping and its not something we're going to ease up on.

No ramping, no problem. It's that simple.

 

[mmmmining]

Re: SRZ - Stellar Resources

You're comparing ASF policy on ramping to Communist China?

Let's have fun, but don't ramp. Simple.

It looks like you have the gun, and read to shot anything that is moving by rolling a dice.

I respect ASF's policy.

But I don't agree with someone's extended definition of "Ramping' or "Downramping". It will restrict free speech, and most importantly to this forum, the free thinking, and fresh idea.

 

[Sean K]

Re: SRZ - Stellar Resources

It looks like you have the gun, and read to shot anything that is moving by rolling a dice.

I respect ASF's policy.

But I don't agree with someone's extended definition of "Ramping' or "Downramping". It will restrict free speech, and most importantly to this forum, the free thinking, and fresh idea.

There's always a fine line and it's hard to manage. I disagree that I shoot down anything, depending on if heads or tails come up. I actually think I have been very moderate in moderating, and I usually give people a chance to expand on their ramps in some way. I usually leave the ramp there and just ask for some more analysis, as I have done in this thread. That's all. Golly, one simple request and kaboom!

 

[mmmmining]

Re: SRZ - Stellar Resources

There's always a fine line and it's hard to manage. I disagree that I shoot down anything, depending on if heads or tails come up. I actually think I have been very moderate in moderating, and I usually give people a chance to expand on their ramps in some way. I usually leave the ramp there and just ask for some more analysis, as I have done in this thread. That's all. Golly, one simple request and kaboom!

Kennas,

Why don't you do the following if you consider it as ramping:

1. Remove it immediately from the thread;
2. Send a private message to whoever he/she is

I am annoyed by so many ramping warnings in public because it cuts off my thinking stream. I believe whoever branded as ramping or downramping will try to argue with you in public. It will sidetrack any useful thinking, make it so ugly.

 

[Joe Blow]

Re: SRZ - Stellar Resources

I am moving the last seven posts (this one included) to the thread on ASF's ramping policy so we can keep the SRZ thread on topic.

 

[Sean K]

Re: SRZ - Stellar Resources

Kennas,

Why don't you do the following if you consider it as ramping:

1. Remove it immediately from the thread;
2. Send a private message to whoever he/she is

I am annoyed by so many ramping warnings in public because it cuts off my thinking stream. I believe whoever branded as ramping or downramping will try to argue with you in public. It will sidetrack any useful thinking, make it so ugly.

Hi mmmming,

Thanks for the advice. Yes, this has been occuring because I have been trying to educate people in the way we would like them to participate on the forum and at the same time allow other people to see what is acceptable and not. I can totally understand how it puts people off. It still requires some sence of judgement and therefore your understanding of what is acceptable or not, will be different to everybody elses... I'll try and stick to PMs from now on, and deleting - but there will be times when an open warning is appropriate.

Hopefully, other members of ASF will assist all round by picking up the obvious ramps and questioning people on their unjustified 'recommendations'. There are a few around who have been doing this, and I have been thanking them for it. It really helps the mods to keep things real.

Cheers,
Kennas

 

[insider]

Hey Kennas, Nice blog!. If the Uranium Pretenders thread gets out of hand then remove it... I won't be offended...

 

[Joe Blow]

Just on the topic of ramping, here is a post from another forum renowned for its ramping. The stock being referred to is currently trading at 28c and has ranged between 25c and 30c for months.

$5 target for sure... i am loading up every available ferrari and Bugatti i can find hehehehe.... will easily gap up to 40c any day now... then smooth sailing towards $5... once again the drones have failed with there deramps... NFI nappy traders................................

Just wondering if this is the kind of posting that people would like to see on ASF? It's certainly not the direction I'd like to see this forum take.

 

[laurie]

So one's to assume from the above example saying "blue sky ahead" is ramping
also "get on the train" and "train leaving station" "heading north" is ramping! just for my own benefit Joe as I do use those terms but to me not as a ramp

cheers laurie

 

[Joe Blow]

So one's to assume from the above example saying "blue sky ahead" is ramping
also "get on the train" and "train leaving station" "heading north" is ramping! just for my own benefit Joe as I do use those terms but to me not as a ramp

cheers laurie

Laurie, using expressions like "blue sky ahead" and "heading north" is not necessarily ramping (although I think the other two are kind of unneccessary). It is ramping if you fail to present any sort of analysis or reasoning as to why you believe this is the case. All we are asking people to do is back up their views using information and analysis so we can all evaluate it.

 

[Moneybags]

Just on the topic of ramping, here is a post from another forum renowned for its ramping. The stock being referred to is currently trading at 28c and has ranged between 25c and 30c for months.



Just wondering if this is the kind of posting that people would like to see on ASF? It's certainly not the direction I'd like to see this forum take.

Joe,

That sounds like a poster called Money Machine.........he is a complete moron and has also claimed BHP to hit $400. I personally think his posts are generally $hit stirring and most other posters treat him with disdain.

I think people here are wise enough to spot a ramp and many will be accused of ramping when in fact they are merely trying to alert members to a stock.

It's a toughy..........and hard to moderate fairly I'm sure..........but please lets not take this thing too far and make posting on ASF unattractive for those whose views we aspire to.

Cheers

MB

 

[constable]

This ramping thread share price is going to go ballistic today. I am sure of it.

yeah i picked up a 10000000 @ 2cents man you got to get on this, i see the smart money's all over it, im gonna buy more if its starts to fall top up now while they're still cheap,you know they're capping it,plus a heard on the grape vine their a definite takeover target (and this blokes a really good source).
hope your still holding chops should be a big day today dont worry about the cappers! he he he

 

[constable]

Seriously it doesnt take much to present your opinion with a little bit of fact while leaving out the hype.
Good luck moderators on ramping, it would be tough spending more time watching the forum than the market. This we all benefit from though.
At the end of the day though we (each member) are responsible for the stocks we purchase nobody else. People can blame ramping (when it all goes pear shaped)but you'd be a fool. Tight stops are your responsibility!

 

[lesm]

The views of people on this thread are quite interesting.

Having read comments, such as 'Communist China' , 'right of opinion', etc.

Ramping is considered to be manipulation of the market and unlawful. The ramper is only interested in their own financial gain and has no real concern whether you make or lose money.

It's not really about restricting people's ability to discuss, argue or have an opinion on stocks or other instruments, but to do it in a manner that is not construed as being unlawful.

Some of the ways information are presented may not be meant as ramping, but just naive excitement and/or exuberation. So, what is so hard about providing some analysis or substantiation to back up people's claims.

It would not hurt for the more senior members and experienced traders to help Joe and the moderators to maintain ASF as a good quality site. Sometimes asking a question related to the poster providing more information may be a more productive and positive approach.

As a site operator Joe has a number of obligations, as well as protecting his own interests.

In 1999 the Australian Securities & Investments Commission (ASIC) established a unit to monitor activities on the Internet. Media Release inlcuded below. Sites, such as ASF and chat rooms, are being constantly monitored anyway

ASIC APPOINTS CYBERCOP
Australian Securities and Investments Commission (ASIC) Acting Deputy Chairman Jillian Segal today announced the appointment of Tim Phillipps to lead its new national electronic enforcement unit based in Sydney.

Mr Phillipps was previously ASIC’s NSW Director of Enforcement. His leadership of this new unit demonstrates ASIC’s high level commitment to electronic enforcement.

The new unit aims to increase ASIC’s ability to take swift and effective action against unlawful behaviour on the Internet and focus on building expertise in the electronic world.

Mr Phillipps has already been extensively involved in working on ASIC internet surveillance and enforcement.

Ms Segal said electronic enforcement was a new area for regulators and it presented a raft of technological opportunities and challenges.

“The new unit will be staffed by legal, investigation and technical experts who have extensive backgrounds in dealing with electronic commerce and the regulatory issues which are associated with it,” Ms Segal said.

“This commitment by ASIC is part of the Commission’s overall strategy on electronic commerce which is well advanced and will be announced progressively over the next 12 months.

Ms Segal said enforcement of the internet played a vital role in maintaining consumer confidence in the electronic markets.
She said ASIC had received increasing numbers of complaints about suspect websites and chat rooms, frequently associated with possible attempts to ramp share prices or otherwise manipulate the market.

“A number of investigations are already in progress, and we recently took action in the Federal court to restrain the operations of one site operator whom we felt had overstepped the mark,” she said.

For further information contact:
Irene O’Brien
ASIC Media Unit
Tel: (02) 9911 2097
ASIC 99/112
A S I C
Australian Securities &
Investments Commission

 

[REA]

I am interested in LESM'S views on electronic manipulation. Ramping is undesirable but at least you respect it for what it is, on persons pushing a particular share. I suppose the problem arises if there are many people intent on driving up a share for their own reasons. I think we have to be given more credit for our decisions. We have all bought a used car and it is buyer beware at all times.

I am more disheartened by professionals manipulation of the market.


Stockbrokers putting in sale and buy bids that they have no intention of completing and also manipulating the market to their own ends.

Directors alloting shares and options to themselves, we all know that all existing uranium hopefuls will not go into production but I bet that there will be a lot of very rich directors at the end of the day.

The likes of well known institutions writing to shareholders in December offering 68c for Marathon shares, they should tell their Chinese clients to get real. There was a story on TV about a similar occurances tonight.

What about options and shares being alloted at reduced prices to favoured people and organisations.

I am only a small investor and have only been trading for 8 months but I think it is the devil you never hear from in share trading that will send you broke.

I await being corrected.

Robyn

 

[lesm]

Ramping is undesirable but at least you respect it for what it is, on persons pushing a particular share. I suppose the problem arises if there are many people intent on driving up a share for their own reasons. I think we have to be given more credit for our decisions. We have all bought a used car and it is buyer beware at all times.
Robyn

My intent was to actually highlight that the issue related to ramping is potentially a bit more serious than just Joe or the moderators appearing to impose their own view.

Are you actually aware of who and what ASIC is, or that you are effectiveley a participant operating/transacting within a regulated environment, where ASIC is the regulator and responsible for administering the relevant legislation.

Would suggest that you might like to read the Financial Services Reform Act 2001 - Schedule 1.

Part 7.10 ”” Market misconduct and other prohibited conduct relating to financial products and financial services

Division 1 ”” Preliminary

1040A Content of Part

This Part deals in Division 2 with various kinds of prohibited conduct, other than insider trading. The insider trading prohibitions are contained in Division 3.

Division 2 ”” The prohibited conduct (other than insider trading prohibitions)

1041A Market manipulation

There are also offence provisions either civil or criminal depending on the nature of the offence.

With respect to your buyer beware comment.

Are you also aware of the Trade Practices Act (C'th) or the relevant Consumer Protection Act or equivalent legislation within the jurisdiction where you reside.

Ignorance of the law is not an excuse, you may attempt to argue it but you cannot plead it.

 

[Happy]

With all respect to legislators and CYBERCOP

ASIC APPOINTS CYBERCOP
Australian Securities and Investments Commission (ASIC) Acting Deputy Chairman Jillian Segal today announced the appointment of Tim Phillipps to lead its new national electronic enforcement unit based in Sydney.

From posts above we know that they are there, but if offending sites still remain open and offending posters still post crap to their heart content it is understandable to be sceptical if not sarcastic.

Hope that making comment like Nike (DO IT !) to our watchful enforcers will not offend them.