The stock market and Wall Street make me angry sometimes. I day trade and follow quite a few publications on stocks and it pisses me off to no end that the stock market is so easily manipulated. For example, this morning a rather large publication called Daily Penny Stocks put out a publication on a penny stock (GNLK) that was trading for $0.007 yesterday with a volume of 300. This morning, they put out their publication, the stock jumped to $0.106, that is a huge gain in a penny stock! The volume went up to 2,152,662. This happened last week with GOFF and COPI as well, a few weeks before that it was BRZV, before that it was ORYN.
The shitty party of this and what makes me so angry is that these larger publications will put out a stock pick, the volume and price will jump exponentially in one hour, and within 2 days it will go back to where it was trading before the publication went out. This sort of manipulation is standard, I know. I know that it happens on a much bigger scale with banks and the global market (Libor Scandal) but god dammit if it doesn't piss me off daily when I watch it happen before my eyes. I might just be bitter because I lost $500 a few weeks ago on BRZV, but I feel like this volatility is what has caused the financial crisis in this country.
Huge brokerage firms play the market and manipulate it to the way that benefits them the most, so they can trim their huge fees off the top, or just all out swindle money from their clients.
Friday, April 26, 2013
Monday, April 22, 2013
Coincidence Followed by Curiosity
Some times you learn things about people without their knowing and it changes your entire perception of that person. No matter how hard you try to go back to your way of thinking about that person before you found out this information, you are not able to because some things are just not forgotten. So what do you do? Especially when you can't tell that person that you now know this about them.
Do you just continue on as normal because the information was not offered to you, so you really shouldn't know about it anyway, but you do now because of coincidence followed by curiosity and an uncanny ability to find just about anything on the Internet?
Are you all now wondering what I might have learned about you? What do you think I learned? Google is an amazing application. I have wrote a blog on this before, but please be careful what you put on the Internet.
I think my approach is going to be to pretend that I don't know.
Do you just continue on as normal because the information was not offered to you, so you really shouldn't know about it anyway, but you do now because of coincidence followed by curiosity and an uncanny ability to find just about anything on the Internet?
Are you all now wondering what I might have learned about you? What do you think I learned? Google is an amazing application. I have wrote a blog on this before, but please be careful what you put on the Internet.
I think my approach is going to be to pretend that I don't know.
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