At the close
Jan 30 2014, 16:00 ET
to 15847. S&P
to 1794. Nasdaq
to $97.95. Gold
vs. dollar. Yen
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wrong manipulation in bio tech and GOOG, FB, AMZN leading to gains. It is so easy to move the mkts with fake earning beat and revn beat.(Actual does not matter if they do not have to beat either just MSM brainwashing could do the trick) Majority of the moves come in pre/post mkt hours with little volume and the algos take over. Wow what a country we have become full of gamblers in a rigged casino with endless pit of money supplied by Feds, leverage and idiotic politicians who can not control the Feds or the financial industry. Media has done a terrible job as well.
30 Jan, 10:02 PM
I am starting to feel the same way. What some "analysts" can get away with as well is bordering what should be illegal.
Wasnt Jordan Belfort jailed for a pump and dump scheme? Well how is this any different?
Step 1: Set up low revenue estimates
Step 2: When they beat the topline you up your pricetarget to some insane number
Step 3: Buy up in the after market
Step 4: Watch the media commentate in your favor. After all if the stock is up, the earnings must have been good right?
This is obivous manipulation, but long manipulation is not frowned upon untill the market crashes, only short selling is, regardless of if its actually helping the market.
I am not Short any of those companies, I just dont like the moral thats all
31 Jan, 04:15 AM
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