Can anyone please answer that question for me? Is our collective memory so short that we can't remember the December 2006 interview where he admitted to using hedgefund capital to manipulate stocks?
I remember sending this Video to every foolish daytrader I knew to show them how they are regularly played by the big fish. He describes quite clearly how if you have a large pool of cash you can just game stocks up or down and then cash out.
"A lot of times when I was short, I would create a level of activity beforehand that would drive the futures. ... It's a fun game," He goes on to describe the practice of fomenting, which is creating a down impression for a stock which he admits is 'blatantly illegal', "but you do it anyway because the Securities and Exchange Commission doesn't understand it."
发表于 2011-4-4 21:15
|