There are a couple of comments up on the ShareProphets comments section today (from Woody44 and Vines) which show that at least two of our readers are morons. I have a spare few minutes so explain the ethics of financial journalism with reference to transparency and share ownership and insider dealing and source protection. Will they understand? Somehow I think they, like Chris Oil, do not wish to understand.
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Comments
Mooboy
Loooooooooooooooooooooooooooooools
Love it.
Woody44
Haha Tom, just because you say it, does not make it so. I did not suggest you “dob” in your sources but suggest Ben looks there if he wants to catch the insider traders. If Ben is so keen to instigate an investigation into the people who insider trade ahead of placings, it is perhaps the same people who are willing to leak information to you. As you say in your podcast, leaking inside information if you are an insider is a crime, and my point is that if someone is willing to commit that crime, they may also be willing to insider trade ahead of placings. Inside information is by definition only held by a very limited number of people so it is a small pool of suspects. I’m sure with the investigative talents of the Shareprophets journalists you could get to the bottom of who the insider traders are. This is encouragement not abuse so no need to be so defensive.
Thank you for your lecture on what a journalist’s job is. I had no idea.
I totally disagree with you as to the public benefit of leaking a placing and have posted before about this and assume this is what you refer to in my “history”. Getting into a debate with you is fruitless as you can never be wrong and seem to be addicted to attacking the poster rather than the post. I admire that you encourage free speech and allow people to post without much moderation but that is then cancelled out by the playground abuse you usually hand out. If you do reply to this post, I expect it will be only to prove my point.
VINES
u say u havent heard of it but it used to be called tangiers petroleum and got torn to pieces on this site last year. now shareprophets says its a good one cos a writer has a position, top ethics
Tom Winnifrith
Apologies to Woody44 – Vines is far thicker than you are.
We have no house view here. Writers are free to disagree. I remember Gary saying afr was a buy at 20p. I said it was a sell. :)
Last year I tore into TPET. That was my view then
This year Gary has explained why he is a bull. that is his view now
I have explained share dealing ethics to you but you are clearly far too thick to get it
T
Phil
For anyone who doesn’t like what free financial journalism can provide for them or agree as to their MO, then they are free to come off the interment and go back to being spoon fed the city news-feeds published in the deadwood press, where you were only told what the city wanted to tell you, and anything you found out, the city knew 3 months ago.
The Daily Telegraph finally issued warnings on troubled Quindell, SP had been warning on Quindell for over a year,
It took shareholders in Polly Peck nearly 20 years to find out what happened to their money, that is what would have happened to the shareholders in Quindell. The free press isn’t easy and as always there is a bill to pay, I have had SP trash shares I own(ed) and it isn’t easy reading, but it is necessary.
I want ramp placings and flipped shares exposed, and I want warnings when share prices are being manipulated,