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To: ozzymandus

[ Buffett has never produced a thing in his life, not even Kirby vacuum cleaners. He just buys large blocks of stock to manipulate the market. ]

Buffett is a great reason why the Stock market needs serious reform, and not thousands of pages of new regulations, but instead simple rules that place the stock market back into the realm of mid to long term investment and the supplying of capital to growing busineses.

Replace the current plethra of regs with a few simple rules.

1. Stock trading only can take place during a 1 week window ever quarter.

2. Once you buy a stock you have to hold onto it for at least 1 year or longer depending on if the company wants to extend that period, but they cannot shorten to less than 1 year.

3. All company quarterly earning statements must take place at least 1 week before the “trading window” each quarter.

4. Stock brokers may place orders for stocks before the window, but they will take place only when the window opens, and the volume of stock waiting to be bought/sold must be disclosed 24 hours before the window opens.

Just a few simple rules, would be all it would take to cut down onthe manipulation of all that crap...

Also for places like the chicago board of trade that deal with “commodities”, if they want to trade 1 million bushels of corn, they gotta take deliver of the damn stuff, not just push the god damned paper around.


11 posted on 10/10/2016 11:04:56 PM PDT by GraceG (Only a fool works hard in an environment where hard work is not appreciated...)
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To: GraceG

When I lived in HK I could make $300 to $1000 a day doing day trades of the HS Index of penny stocks. I had a spread sheet with lows and highs and volume of about 30 companies with stock prices of about fifty US cents. When one hit a low I’d buy it. Often times buying 10K shares of that stock would cause it to go up a penny or two. I’d sell the stock I’d just bought the previous hour at a profit. Hong Kong of course has no capital gains tax so it was easier to do there.

Does that make me a bad person?


24 posted on 10/11/2016 12:35:36 AM PDT by Fai Mao (PIAPS for Prison 2016)
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