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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: 10K a day who wrote (76379)5/24/2002 12:54:14 AM
From: Karen Lawrence   of 122087
 
The markets are a crock? Go on... Here's a part of a post I lifted from Devil's Adv. at Raging Bull... (aside: What do you think of the possibility A@P might be a victim of profiling post 9/11)
FROM DEVIL's ADV:
Stock-market trading was rife with fraud then; it is rife with fraud now. The process could not continue otherwise. Yesterday, the winners were selling short (selling high and buying low); today they, probably the same people, will be winners by buying low this morning and selling higher this afternoon.

Who were the "losers" yesterday? And who will be the "losers" today? Whoever makes a market in the manipulated stocks will be the losers insofar as the manipulators "take profits" in the short-term. Although the millions of individual investors may suffer from market collapse in the long-term, they are losers on a day-to-day basis if they just sit on the sidelines. There has to be another explanation as to the identity of the immediate "losers", those who supply the immediate gains for the manipulators.

Who can they be? Are they wealthy village idiots that have unlimited funds to draw on to support their habitual losses? Probably not. They are more likely money-center banks that can cover their losses by simply debiting the accounts of the "winners" that successfully manipulate stock (or bond) prices. (Some of the "winners" are probably their own "trading departments." Clever, no?)
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