Thursday, March 09, 2006

Chinese Manipulation

The charts say everything. Two stock that are unrelated except for the fact that the same person is manipulating both of them. Don't get me wrong, there is plenty of stock price manipulation on Wall Street, but none this bad. Taking a stock with a market cap under $10 million up 400% in a few weeks is criminal. Somebody was buying, but it sure wasn't me.

Note: I have been Short CHNR since $17


Blogger TJ said...

Standard promotion of small cap, its a regularly occuring event with small caps if they have the money behind them.

Penny Stock board HSM gets 10-20 runners like those mentioned every day. It happens more often then most of you care to know. At the end of the day, how it gets moving is not important, most active small cap players just want to catch a few points during the run.

3/10/2006 9:41 AM  

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