RichKid said:Different people will construe the statement in different ways, I can only be cautious as there is a real possibility that some may take it as I suggest. This site is not for profit and we don't get any financial benefit out of it so if ASIC clamps down on us we could go down the gurgler very fast as lawyers are expensive, I'm willing to be a bit cautious to be on the correct side of the law. Having said that only a small number of posts actually come up on my radar. I hope you understand.
I understand fully. However, it questions the existence of this forum then.
If I say there are good buying opprtunities today, in your opinion is that giving advice? It is a grey area that no lawyer could stand in court to argue about. Is x worth buying? Again grey area because there is no price given, no future target given or no reason for wanting to buy or no disclosure of one's true financial position. So any answer short of the above would be opinion only to a general question of what might be happening in the market.
If we cannot ask general questions, then there is only a role for the general chat forum as I see it.
Maybe you should get clarification from ASIC as to what constitutes advice and have it posted on the forum. You may have it, and if you do I would like to read it. Because if it's too draconian I'm bailing out.