Re: Going for the gold
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the ceo is pulling the ole act strong when weak move. Obviously if a guy wanted to buy 4 million shares at the cheapest price possible, he wouldn't announce he was going to buy them, he would just do it! SO I knew the article was a bluff and didn't buy in and sure enough the stock has been on a consistent fall and not one purchase has been made by the ceo.
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I read about this tactic on a trading board. One of the guys said he saw that and bought the stock short and made a lot of money, but I'm not sure what that means. Doesn't really make sense since the stock went down really bad. How could he make money buying that stock? Well, maybe he means "shortly after it went down" and then it came back up again after he bought it? A lot of times I read stuff like this and just KNOW the company is bluffing and KNOW the stock will go down. Too bad there's no way to make money on stocks going down! Wouldn't that be awesome, lol? If there were, I would be rich!
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