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Thursday, April 17, 2014 12:15:33 AM
Where does the "team" go, the instant the market closes?
Who is on the "team" as in how many "members" (one, on multiple, sophisticated computers "playing" multiple people? Or is it a true "boiler room" type of "team" in some seedy, dump of a room in some rented dump of an office, loaded with computer servers, and cig butts and empty pizza cartons and Mountain dew cans and what not in Jersey or wherever?
Most importantly, who is paying "the team"?
Fascinating beyond belief IMO. I've read about manipulation, knew it too place. But never in my days, have ever seen it played out in real time like this, and to this degree, not even close.
I have the movie "Boiler Room" in my collection- guess it's time to break it out and give it a re-watch. Maybe toss in "Wall Street" as the "kicker" to get the full effect.
Wow, again, is all I can say. It's beyond amazing IMO. You know it's out there, you hear and read about it, and see the SEC and others warn about how bad it can be, but never saw one take place in real time myself. Live and learn- I've seen one now. A "team" that "works" the penny world, and every negative connotation that comes with it IMO.
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