4 ms·
"Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours." The last part is awkwardly worded.
by rexf 15y ago
"Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours."
The last part is awkwardly worded. It suggests the author may short the stock in 3 days. Not that it's possible on a public market, as Groupon hasn't IPO'd yet.
Is the 72 hour part standard disclosure? Not having a position in companies you write about is expected (unless you're Arrington).
- mey 15y agoYou should never expect that the person has no position on what he's writing. It may be expected of journalists, but by explicitly stating it the author has provided a lot of clarity. I assume the 72 hours is simply to give a boundary to statement
- rexf 15y agoThat's true, it makes it easy to find their position (which is a good thing).
- jonnathanson 15y agoIt's pretty standard verbiage on Seeking Alpha. Almost all (if not all?) of the articles on the site have disclosures worded in that form. And a lot of people do have positions in the companies they write about. It's ethical to do so, so long as you disclose accurately and honestly. There is no client-service relationship between readers of SA and its contributors.
- bdr 15y agohttp://www.google.com/search?q=%22and+no+plans+to+initiate+any+positions%22 http://www.google.com/search?q=%22and+no+plans+to+initiate+a...