Another problem. Let's see here, what did he say?
nytimes.com
In less than six months, Rea said, he has drawn 817 members to his site who pay $279 a month to get instruction in day trading and access to Merlin's stock picks.
But Rea's reach also extends to thousands of people who learn of his picks indirectly, from friends or other traders. Net watchers say that helps explains the violent moves in stocks he pushes.
Before the market opened on Friday, Rea said, he recommended Omega Research, a Miami maker of financial analysis software. The stock was at $5.25. "Within half an hour, it ran to $10," he said. Never mind that the stock fell back to $7.125.
"Right now we're promoting IMON," Rea added on Friday morning. That's the ticker symbol for Imaginon Inc., a small software maker in Greer, S.C. "We made it rock," Rea said. The stock rose 25 percent that day.
On-line investing is rife with dubious characters, Rea said; by contrast, he added, "we see ourselves as being the white knight in this industry."
White Knight - I like that. Is he Merlin or Sir Galahad? You know, maybe he's just Henry VIII... |
