Yahoo! Message Boards

Friday, August 31, 2007 | 06:00 AM

To you folks wondering whether that was really me who posted on a certain small cap, streaming media company at Yahoo's stock message boards: There is a both a long and short answer.

The short answer is yes.

The longer answer is a bit more complicated:

A very good friend of mine from grad school ("J") was a fairly big wig at Yahoo! When his stock vested in 1999 (25% up front, 3% per month for the next 3 years), he asked me for advice. The stock was near $200, and I told him to sell it -- every share he possibly could, as soon as it vested. For the most part, he followed that advice. He did pretty well for himself. J is now the President/COO of another dot com that is privately held, whose service is used by many branded consumer product companies. I suspect they will eventually be bought by another firm much larger than them.

The 2nd factor about the Yahoo message boards has to do with Iomega (IOM). That board was a huge lesson in just how bad Wall Street Research actually can be. It showed how individuals working together via the internet were able to outfox the pros. That, and its one of the few stocks I ever top ticked when liquidating a large position (that's another war story best saved for another time). 

Because of J, and IOM, I have always had a special place in my heart for Yahoo!, and the way those message boards were way back in the innocent mid-1990s. 

Then the touts, shorts, and spammers took over -- and that was all she wrote . . .

~~~

Back to my post: it was a sincere expression of my disappointment on how they have allowed what was a big asset of theirs to fall into disrepair.

Don't worry: I have no plans on posting anything else anytime soon . . .

Friday, August 31, 2007 | 06:00 AM | Permalink | Comments (13)
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Comments

OT, but it appears President Bush is extending the scope of his subprime bailout program:

WASHINGTON {AP WIRE}
President Bush announced this morning that he would be renegotiating the mortgage on Manhattan Island. He claimed that predatory lending practices in 1625 by then Dutch Governor William Verhulst, were unfairly used to secure purchase of the island for 60 guilders worth of glass beads.
President Bush stated that the Canarsee Delaware Indians should not have been evicted from their land, and announced a plan whereby tribe members could obtain low-interest rate refinancing and mortgage 'work-outs' to regain possession of their homes.
Canarsee Chief Seyseys was quoted as saying he was gratified to hear of the plan, and looked forward to re-establishing a homestead on Wall Street.

Posted by: Pool Shark | Aug 31, 2007 6:11:00 AM

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