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Pastimes : MANIPULATION IS RAMPANT --- Can We Stop It?

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To: ig who wrote (388)6/19/2002 2:19:09 AM
From: Dave Gore   of 589
 
Oh, I will, I just hope that others are considering the big picture and speaking their minds. This country has always held fairness and equality and free speech in high regard, but lately I am hearing more people say things like, "You have to think like a criminal to be successful in the Markets."

Even more troubling is that they see nothing wrong having to do this. It's kind of a passive acceptance. Geese, would you seriously gamble in Vegas if you found out it was sometimes rigged? And would you think that was OK?

Then tonight I hear Stalker call "long term" investors a bunch of sport-car riding, yoga phanatics. Further, he seems to think that if people don't all quit their jobs and daytrade, they don't deserve to have success in the Markets. He's probably not the only one that has that viewpoint either.

Well, I and many others don't accept a lack of fairness. I don't think it's right for those in a position of power to cheat (like NYSE specialists and Market Makers) and then get away with it. I don't think it's right for those that spread nasty rumors to ensure they make money and get away with it. And I certainly don't think it's old-fashioned to uphold the morals and ethics that our forefathers intended and probably our parents preached.

I believe in speaking my mind and helping others so they don't make the same investing mistakes that I did over the last 25 years. You know, like a gold mine that turned out to be a piece of paper in a crooks office in Salt Lake, Spokane, or Denver in the early 80's? Thank goodness we closed down that big scam and many others, but today there's other kinds of manipulation to rob Peter and pay Paul.

BTW- My main thread on SI was voted the one of the "Top 10 Stock Discussion Sites on the Internet" by Forbes Magazine in March 2002. I aim high and speak my mind. I'm not always right, but I try to be honest. I may not make a big difference, but hopefully I give people something to think about. I also try to learn valuable lessons from others.
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