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lukematt

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lukematt

Re: None

Tuesday, 11/04/2008 6:28:09 PM

Tuesday, November 04, 2008 6:28:09 PM

Post# of 245
Disturbing Pattern


The problem is not limited to Verasun. Bill Gates bought a large stake in Pacific Ethanol (symbol: PEIX) when the share price was high, many normal shareholders got sucked in by the "Bill Gates" name, then PEIX's share price crashed. Gates sold some shares at the bottom, presumably to make the normal shareholders feel better. Maybe I'm wrong, but I don't think Gates got rich by buying high / selling low.

Seems like the finance industry isn't the only industry plagued by unscrupulous behavior.
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