Posting rumours on ASF

[Joe Blow]

I just wanted to let everyone know that I haven't forgotten about this thread!

I am enjoying hearing everyone's perspective on this issue and I urge anyone with a view to please take the opportunity to express it in this thread. Thank you to all who have done so already!

Rest assured I am trying to formulate an approach to this issue that is both workable and responsible and I will have more to say on this topic soon.

 

[jman2007]

I just wanted to let everyone know that I haven't forgotten about this thread!

I am enjoying hearing everyone's perspective on this issue and I urge anyone with a view to please take the opportunity to express it in this thread. Thank you to all who have done so already!

Rest assured I am trying to formulate an approach to this issue that is both workable and responsible and I will have more to say on this topic soon.

Awaiting your decision with baited breath Joe...

jman

 

[Joe Blow]

Awaiting your decision with baited breath Joe...

jman

And after saying I hadn't forgotten about the thread I promptly went ahead and forgot about it.

My primary concern is to ensure (to the best of my ability) that information posted on ASF is as true and accurate as possible and not violative of any securities law. This is why I don't like seeing rumours (especially rumours from other forums which were probably just made up) posted here.

Like everyone else I am interested in the most accurate view of any publicly listed company being presented on ASF, even if that is contrary to the popular view at the time. However, that being said, I still have a big problem with unnamed sources. The problem with unnamed sources is that anyone can invent one. "I met a bloke at the pub who told me...." or "My broker reckons that...".

Sadly, once you open that particular can of worms it really is impossible to get it back in. For every one unnamed source that is legit, people are making up 10 that aren't. So rather than quoting unnamed sources I think a much more effective method of challenging the "popular view" (as you put it) is by asking questions or challenging others assertions by offering up other possibilities, interpretations or scenarios.

Of course, you are perfectly entitled to share your own experiences with others on ASF as long as in doing so you do not violate securities law.

As I'm sure you can appreciate it's an extremely tricky area and I think we always need to err on the side of caution, especially since ASF is a public forum and what we say is viewed by many people and can have a far reaching impact.

I hope that all made sense and I hope you understand my position. I want to run the best forum I can. One that is responsible and informative. It's a tricky balance to get right, but it's what I aspire to with ASF.

I hope that answered your question... if you have any further queries let me know.

 

[jman2007]

Sadly, once you open that particular can of worms it really is impossible to get it back in. For every one unnamed source that is legit, people are making up 10 that aren't. So rather than quoting unnamed sources I think a much more effective method of challenging the "popular view" (as you put it) is by asking questions or challenging others assertions by offering up other possibilities, interpretations or scenarios.

Hey don't sweat the technique Joe,

You've been a busy lad and all lately...:

Your decision sounds like a good compromise. I agree, when push comes to shove it would be nigh on impossible to distinguish the people with the good intentions from those who are out to cause mischief.

Also perhaps offering up historical examples is another good way of getting your point across, as the authenticity cannot be questioned, as long as it is relevant to the topic of course. eg. Company "X" mined the deposit in the 1980's and went bust, and Company "Y" has just bought the same lease last week.

Of course, the "why" and "what if's" are always open to interpretation, but that's another story, for another thread... .

jman

 

[Glen48]

Re: Wollies taking over mitre 10??

Wollies is suppose to be looking at taking over Mitre 10 (ASF post) this makes sense as Coles have Bunnings etc. However Mitre 10 as not listed as I understand it IF there is a take over how do we cash in on the action?

 

[nioka]

Re: Wollies taking over mitre 10??

Wollies is suppose to be looking at taking over Mitre 10 (ASF post) this makes sense as Coles have Bunnings etc. However Mitre 10 as not listed as I understand it IF there is a take over how do we cash in on the action?

Mitre 10 stores are owned by the operators. They own, as a group, the wholesale warehouse that supplies them. Hardly a proposition for a take over. I suggest that story is a rumour that doesn't justify publication.

 

[Andrew Forex]

Perhaps, rumors have some importance in the stock trading, but they are useless in the forex market.

 

[avish22]

Is there any live example of any rumours.

 

[nunthewiser]

Is there any live example of any rumours.

Yeah,im not really your uncle




son

 

[nulla nulla]

Is there any live example of any rumours.

I'm not really your uncle, either.

 

[satanoperca]

I'm not your uncle either.

But there was a time that I thought I was as I was adopted.

Cheers

 

[Logique]

Changing the subject...can it be so..has our erstwhile T. passed to that (forum)..

The undiscovere'd country, from whose bourn
No traveller returns

There to commune with the Nun?

Indeed this..
puzzles the will,
And makes us rather bear those ills we have
Than fly to others that we know not of?

 

[tinhat]

Changing the subject...can it be so..has our erstwhile T. passed to that (forum)..

The undiscovere'd country, from whose bourn
No traveller returns

There to commune with the Nun?

Indeed this..
puzzles the will,
And makes us rather bear those ills we have
Than fly to others that we know not of?

Get thee to a nunn'ry, why woulds't thou be a breeder of sinners?

 

[douglashenderson]

Hi Joe,

In short, before we should posts rumors on aussie we should verify our post that it is true and it has a basis? So we should talk topics that are credible?

 

[Joe Blow]

Hi Joe,

In short, before we should posts rumors on aussie we should verify our post that it is true and it has a basis? So we should talk topics that are credible?

Hi Douglas,

Most rumours that are posted on stock forums are made up by those posting on stock forums, or other market participants.

If you read post #9 in this thread you will see that ASIC are serious, and have been for a number of years now, about identifying and tracking down those who spread false rumours, particularly if the purpose is to manipulate the market for their own personal gain.

More about that here: https://www.asic.gov.au/asic/asic.n...et+rumours+and+market+misconduct?openDocument

There is not much that can be done about rumours printed or broadcast by the mainstream media, and these may be posted here at ASF as long as the source of the rumour is clearly identified.

However, we do not permit rumours from blogs or other forums to be posted here at ASF, and I urge those who spot any to immediately report the post, as it is in violation of our website rules.