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Originally Posted by jonesy
hey pal either play or fuck off -  im playing devils advocate here! |
Okay, just for the fun of it. I say it can be manipulated. The price of everything that is traded, be it stocks, currencies or commodities is mainly dependent on what traders believe is a good price. Stock movements are 80% psychology. Shit, sometimes the stock price falls below what the company's worth if you just sell everything it owns.
There's this story about a guy who found a website from an energy company called powergen, who supposedly had a new plant in italy. The site was just registered and under construction.
So what he did was buy the stock and post his tip on the boards. The thing went viral and the stock price which was fairly constant before rose 6-10% if I remember correctly. Powergen denied having any plans about italy, but the price was still rising.
Then it turned out that the site was supposed to be for a penis enlargement company and the price went back down.
www.powergenitalia.com