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The loss is not only $20 dollars.The vicious cycle
begins.In order to cover the loss you make stupid
trades.You lose your confidence.That is the bigger
loss.
--- kimlarinc <wallmann33@xxxxxxx> wrote:
>
> It's criminal is what it is and it will never
> change. What am I
> talking about? I find it almost ironically funny
> that Spitszer and
> the boys are rooting through all the brokerages,
> looking at fraud and
> trying to protect the little guy, when the biggest
> nightmare an
> investor faces, is totally ignored. What's that? The
> pre-open gap and
> the "halt".
>
> The other morning CHIR was halted for trading and
> this is what
> brought this up. Hey Spitzer, what would you say
> about a system that
> allows people to invest their money for a 13 hour
> period and then
> cannot make any adjustments. Meanwhile, if there is
> news concerning
> one of the stocks in that market, the market makers
> can adjust the
> price up or down to whatever level they please and
> the investor can
> do nothing about it?
>
> Well that would be illegal as heck! I think that's
> what any law
> enforcement official might say. But the fact is that
> once the
> afterhours market closes on the stock exchange, you
> better say your
> prayers that nothing "bad" is found out about your
> stock. Because
> before the next days open, the market makers of that
> stock can price
> it at any level they feel will allow them to conduct
> an "orderly
> market". That's pure BS of the richest kind and
> should put most of
> the market makers in jail. Period.
>
> Let's suppose you buy the XYZ company at 3 pm on a
> Tuesday because
> they look like they are breaking out. You bought in
> at 50 dollars a
> share, and when the final bell rang you were up to
> 50.50. Life is
> good. You take the wife out, play with the kids,
> etc, etc, and go to
> bed. The next morning you wake up, toss on the news
> and hear that XYZ
> has been implicated in helping Alqueda hit the US.
> It's indicated to
> open at 20 dollars. Where'd the 30 dollar difference
> go? "Poof" is
> where it went. The market makers don't want to eat
> all the shares
> that will be coming their way, so they just pick a
> price that they
> think will keep "X" amount of stock coming at them
> and they have to
> buy it for a loss.
>
> I say "too bad for them". If they want to play
> market maker, they
> should be involved in the risk of promoting that
> company. If the
> company implodes, maybe they should have done better
> homework before
> signing on to sell the stock to the public. But no,
> it doesn't work
> that way. They get to walk away clean, often
> actually richer than
> they started, while the poor schmucks that bought
> the stock the day
> before are nursing a 30 dollar a share loss. That's
> purely criminal,
> and you can bet your you know what that Spitzer and
> all his cronies
> will never address that.
>
> I'm not against halting a stock. I really am not,
> but and this is
> important. I think a stock should be halted for
> "news pending or
> breaking" and there should be a period of no
> activity for the news to
> be spread and then the stock should be opened at the
> same price it
> closed. If a million investors scramble to dump the
> shares and the
> market makers are under pressure, well that's too
> bad. Why do they
> get to take no risk whatsoever and the investing
> public gets screwed?
> The same reason you'll never hear an analyst scream
> "sell your
> stocks", they only promote buying. The fact is that
> Wall Street is
> the biggest rigged game on the planet.
>
> http://clix.to/wallmann
>
> ----------
>
> Keep an eye on Medimune (MEDI) because of their
> nasal flu vaccine.
> CHIR is a major manufacturer, but they are a bit
> behind schedule.
> Overall, all the flu shot, nasal flue vaccine people
> should perk up,
> including IDBE! They shipped a ton of vaccine to the
> Canadian
> government and they are expanding their operation so
> they can ship to
> the US. This group will probably make advances,
> especially when the
> media starts hyping the flu shot season.
>
> --------------------
>
> The thing that intrigues me about IDBE isn't the
> actual drugs they
> are playing with, although it's interesting. No what
> gets me
> interested in them is the fact that they have
> designed a very
> interesting method of "taking" drugs by inhaling
> them. We profiled
> this outfit over a year ago when it became clear
> that their delivery
> method was shown to work, and now the military has
> just granted them
> some 5 million dollars to make a nasal vaccine for
> SARS. If they pull
> this off and all goes well, I can't even imagine the
> other contracts
> that will come down the pike. Yes, we like IDBE.
>
> http://clix.to/wallmann
>
>
>
>
=====
S.M.Deen
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