Danhoff, you are absolutely right. Retail investors really need to open their minds and accept that manipulation and insider trading is rampant in the financial sector. The number of cases that are getting out in the open by the big banking institutions and hedge funds should already show investors that this clearly exists. Of course, the big boys know what news is going to be out tomorrow and next week in the macroeconomic sense and trade accordingly.
Any disbelievers should just key in Goldman Sachs, Societe Generale, Countrywide, BNP Paribas, JP Morgan, Lehman Brothers, Dexia etc and indicate "fraud". You will then see the penalties and charges laid against these guys for the last decade.
My opinion is that the CR was already divulged to insiders and they had sold in August. Now we await the buying by these guys below 32cps. You will see this when the general market sentiment is low. The trading volumes will be extremely high on downbars and wide spreads with several shakeouts.
Lets see if this happens. The only investors who suffer are the sheep who believe that the market is free.
GOR Price at posting:
36.0¢ Sentiment: None Disclosure: Not Held
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