Tips from the Chat Room

The Bears on This Message Board Had Enron Pegged. An academic study to be published this fall in The Journal of Investing indicates that chat rooms can contain valuable morsels for investors. By Gretchen Morgenson. [New York Times: Technology]

As they say, hindsight is 20/20. A person would be hard pressed to find the right information on a message board considering the very low signal to noise ratio that most have. Sure somebody may be tripping great inside information, but how is one to distinguish a gem from the cruft? Who would have time to track down the information or opinion in every post? This guy was going back looking for very specific information. That stuff is easy to find. The hard part is finding it when you need it.