Joana, Yes the market manips are really taking things to the edge. I think they should take a serious look at today's trading. Your grandfather's stock were out of favor today, so all of this was for nothing. Value is just another word for cheap. Things are always cheap for a reason, you get what you pay for.
The poor people who listened to the CNBC brain wash and sold techs for "value" either sold value stocks today or will in short order. That's why this is such a dangerous game they are playing.
They better hope people buy techs and they better hope the market doesn't test new lows or they may find out that the phones may ring a lot for a while but then, not hardly at all.
401K money may dry up, venture capital may dry up, the country's love of stocks may dry up. Remember when CDs were in and that was a way to invest not to listen to music?
Stranger things have happened.
I think the MMs wanted all that tax money and they got it. What people worked for all year, was handed to the MMs and that really stinks. I also still think what I put in print long ago. They wanted Biotech and internets, guess who has been buying these stock for cheap?
With their hysterics, CNBC, the MMs, and their personal mouth piece at the Nasdaq wall (Tom C.) have screwed investors who fell for the hype (just look at the tapes of last week and last Friday, you will see what I mean). CNBC - profit from it? Yeah, if you are a market manipulator.
RE: Krispy Kreme, funny you should mention that. The move IMO was from the non-stop talk on CNBC of the company. Why were they plugging Krispy Kreme, every chance they got? Because CNBC was given doughnuts. I am not kidding. They mentioned the stock all day because they got doughnuts.
That is why a doughnut stock can have a move like this. You didn't see Safeway or other places that have a million more products than doughnuts have any such move. This again proves how brain washed people are by CNBC.
If Joe told them to buy fecal matter and it was an IPO, the stock would have the same reaction, it would be a hot $hit IPO. Shame on CNBC.
How sad, how very sad, CNBC - the home shopping network for stocks.
909S2U, BLUE |
