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Re: FUNMAN post# 2517

Monday, 08/31/2020 9:51:38 PM

Monday, August 31, 2020 9:51:38 PM

Post# of 2611
How do you think the rich keep getting richer...if you have tons of money you hire someone to make you more money and with computer trading in less then a second all it takes is being in the know about a stock or company and bingo. A company can release a positive statement at 8 AM stock at $50 before 8:01 a million shares can sell for less then $52 and by 8:30 the stock hits $55, a million shares are sold at $54 by the buyer that bought at less then $52,,, and that goes on day after day...sure sometimes they get a set back, but so far in 2020 none of them have lost a nickle but a lot of them have made multi millions. Millions are not made by most long term holders, maybe 10% to 15% are the best long term holders end up making, the mill a second trader is making 50% to 300% a year.