Saturday, October 16, 2010 4:04:05 AM
Between the crooks that run these so-called-companies and the manipulation that takes place by MMs and off-shore hedge funds the odds of anybody getting rich overnight on these plays is slim to none. Sure, people make money daytrading millions of shares everyday, but eventually they get burned to.
The only people that add millions if not billions to there portfolios are the people that have enough capital to manipulate these stocks and are allowed to get away with it by a lax regulatory committee that could care less if you win or lose.
Hell,chances are they are in on it to.
Sad part about it is its our money they are stealing and the folks that are supposed to protect us from that could really care less. This country, economy and financial system would be so much better off if this type of trading in these types of markets were completely dissolved altogether.
Problem with that is it would take a group of honest, caring and dedicated people not pursuaded by greed and the almighty dollar.
And in this country folks they are few and far between.
Rocky
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