Without syndicates, our market will be boring one. Investment funds whether private or government owns do cooperates with syndicates coz they are one who able to move the prices
Over 70 years ago the great stock trader (or gambler, a more appropriate name) Jesse Livermore used this tactic.
In his "Autobiography" by Edwin Lefevre, Jesse Livermore told people how syndicates jack up prices.
After having bought into a stock in very substantial quantities they were told
to bid up the prices during the first few trades of the stock market opening time. And again to bid and buy at even more higher prices during stock market closing time.
By doing these artificially human induced movements - prices do & often move up.
But when prices have reached their pre planned strategy - these syndicates will just sell. And sometimes market will crash in limit down fashion to the horror of unsuspecting punters who were caught - die standing.
If you want to read more. Go get this book "REMINISCENCES OF A STOCK OPERATOR" By Edwin Lefevre.
Now these were the stocks cornered by syndicates once
Calvintan,the low standard low class promoter of so many dead stks...bjcorpse...mpcorpse...jtiasa...pmcorpse.Even my monkey did better by throwing a dart.
Posted by Bruce88 > Oct 22, 2016 12:41 PM | Report Abuse
Everyone will go after stocks that consistently making new high rather than chasing stocks than making the other way round.
Calvin replies:
Everyone will go after stocks... making new high?
You are absolutely correct!!!
This is exactly the reason why ultimately in the very end of the end game - more than 80% of stock market punters WILL EVENTUALLY LOSE ALL THEIR MONIES!
As again same old principal buy low n sell high. But when is lowest price u never know? . Again it's go back fundamental of the company. Whether is the company in the middle turnaround plan of generate more revenue and order book. As long this company generate more revenue, eventually the share price should back to its fair value. Chasing high not a right move, but of u are right in chasing low, u will double own profits. Good luck!
The top traders will laugh at your ignorance and eat you for breakfast,calvintan. So you keep chasing mpcorp till it comatose at 15 sen..wakakaka..GREAT.
Calvin replies:
Everyone will go after stocks... making new high?
You are absolutely correct!!!
This is exactly the reason why ultimately in the very end of the end game - more than 80% of stock market punters WILL EVENTUALLY LOSE ALL THEIR MONIES!
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3450 views | 3 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
shortinvestor77
5,487 posts
Posted by shortinvestor77 > 2016-10-21 19:45 | Report Abuse
Likewise for BAuto etc.. today.