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Pastimes : MANIPULATION IS RAMPANT --- Can We Stop It? -- Ignore unavailable to you. Want to Upgrade?


To: Bob Kim who wrote (439)6/22/2002 3:01:55 PM
From: Raymond Duray  Read Replies (1) | Respond to of 589
 
Bob,

Huh? You get the "unclear on the concept" prize for the morning. Purcell is trying to sneak special legislation through conference in the Congress that exonerates the industry from immoral and unethical behavior.

pbs.org
From the description of the show:

This week on NOW: Is Congress trying to make Wall Street safe for predators? Despite all the evidence that small investors have been the victims of a con game, some of the big Wall Street firms are moving legislation through Congress that would prevent states from prosecuting them if they violate security laws. Bill Moyers interviews Eliot Spitzer on his reaction to this end run around state regulation.

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Hopefully, in a couple days the Spitzer transcript will become available. He clearly states that Purcell's efforts with his paid-off Senators is to injure the public's interest in the dark of night with secret legislation. The wording of their bill is to exonerate the Wall Street firms from almost any wrongdoing. Basically making unethical and immoral behavior legal. This is disgusting.

-Ray



To: Bob Kim who wrote (439)6/23/2002 11:24:15 PM
From: Dave Gore  Read Replies (1) | Respond to of 589
 
Gold -------- Can this report of years of Manipulation be true?

Message 17639614



To: Bob Kim who wrote (439)6/26/2002 4:08:31 PM
From: Dave Gore  Read Replies (1) | Respond to of 589
 
AGM (continued) - How can this amazing performer tank from $46 to $22 in less than a month?

First off, I have no position in AGM, none at all, but let's look at the total picture here. I feel strongly that this is a great example of manipulation via the snowball effect.

**** FIRST, Let's look at their 5 year growth

Very strong and stable:
siliconinvestor.com

Sales % (1,3,5 year) = 40.21 34.47 40.53
EPS % (1,3,5 year) = 49.19 24.26 87.72

The earnings growth is stunningly strong and consistent. How can a stock of a major corporation like Farmer Mac go from $46 to $22 in a month?

MANIPULATOR's MODUS OPERANDII IS SIMPLE AND CRIMINAL
I have no problem with short sellers, none at all. I do have a problem with organized criminals who target certain stocks with wild rumors, purposeful media smear campaigns, hiring of Yahoo bashers, etc. They are obviously taking advantage of the currrent extreme fear in the Markets. They know that if they can start a rumor and get some to believe it, a massive panic selloff will occur as traders are selling first and asking questions later. The "Snowball Effect".

I am also bothered that some don't care. They even welcome it as it creates volatility and good buy points. True, but where's the integrity? Hopefully not even radical traders think everyone who wants to invest should have to quit their real jobs to effectively play the Markets.

OTHER QUESTIONS
Are shareholders a thing of the past? Are you in fact stupid to be a shareholder? Is the market becoming too much of a game for that? If any stock can be manipulated, no matter how large or how strong their performance, it would seem so I guess.

Comments?