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Gold/Mining/Energy : Canadian Diamond Play Cafi -- Ignore unavailable to you. Want to Upgrade?

To: Salt'n'Peppa who wrote (2738)	3/21/2005 12:25:14 PM
From: seventh_son	Read Replies (1) \| Respond to of 16206

I worked at two major computer firms where all the staff got phoned regularly by a company flogging stocks with that number of shares. The boiler room pumpers would say "Hey -- look how cheap the stock is! It's only 15 cents! Is your portfolio diversified? You need high risk stocks, which according to efficient market theory of course should have higher returns to compensate their risk! Most of this stock is owned by Joe X. who is a multimillionaire! Obviously he knows how to invest well!" If you got a microscope you could read the fine print at the end of the prospectuses for these stocks saying "1 trillion shares outstanding, 999.9 billion owned by Joe X". I guess the other .1 billion had been sold with proceeds going to the Joe X. charity for wayward millionaires.