Why we don't allow discussion of shares on Askaboutmoney

Brendan Burgess

Founder
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Since the foundation of Askaboutmoney in 1999, we have not allowed the discussion of shares. This was mainly due to my experience of the Motley Fool and other sites where the discussion was very poor. In particular, I remember a series of posts which just consisted of "Bula, Bula, buy Bula" and "Bougth yesterday at 5p, up to 6p today, I am €10,000 richer".

As it happens, I would say that the introduction of the Markets Abuse Directive would make such discussion difficult to facilitate and moderate.

I see in today's Irish Times that US Oil Gas PLC (USOG) has got court orders against Boards.ie and other message boards aimed at identifying posters who posted defamatory remarks about the company. .

 
Whatever was posted it must have been pretty shocking. Of course this is a small company aswell and so the effects on the share price may be more extreme.

I think this case is very good as it might put manners on a few people.

When using the investment discussion forums i find you really have to sift through the rubbish to find the odd poster who actually wants to talk about the company than all the gambling/speculative nonsense that goes on.
 
But he has six years of experience. A real old dog on the road !

In all case of InvestmentS -- DO YOUR OWN RESEARCH
 
smiley said:
When using the investment discussion forums i find you really have to sift through the rubbish to find the odd poster who actually wants to talk about the company than all the gambling/speculative nonsense that goes on.
Click to expand...

If someone wanted to hype up a share, they could proably produce an authoratitive sounding piece which might influence others.
 
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