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Friday, June 23, 2017 1:21:44 AM
https://www.fscomeau.com/why-technical-analysis-is-bullshit/
At best it's "experts" selling access to their livestreams.
At worst it's phony guys like Harry Boxer who pumped SUNW on his stream without disclosing his firm was compensated for coverage on them. According to some people, he even lied to them and said he wasn't compensated.
Remember this gem (from Harry Boxers firm), without which I would have never even heard about this company?
http://microcapresearch.com/solar3d/
Bought and paid for by Nelson through his hired IR Firm.
That pump, based off a totally BS premise, got a lot of people to buy in way too high and now a lot of regular people are suffering because of it.
But Nelson's (now rich) friends certainly were able to take advantage of it by selling retail dupes (in their minds) their shares.
This was mainly the Clan "Neeson" crowd that showed up in early 2015 and is now basically gone.
The only thing good about these guys is that they are so HORRIBLE at picking stocks, than you can just bet against them reliably make money.
Here are some of their current and former employees:
https://www.tipranks.com/bloggers/seth-golden
https://www.tipranks.com/bloggers/matt-margolis
https://www.tipranks.com/bloggers/harry-boxer
Literally all in the BOTTOM 2-3% of all analysts. It is actually difficult to do that badly unless you are blatantly being fraudulent. Whats more is that they actually get people to PAY THEM FOR THIS. They are in the business of tricking people into buying stocks at the high, because their real business is helping companies off load shares onto the gullible or inexperienced. It's rotten.
Ok. Rant over. Have a nice day everybody.
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