Why wall st needs SCAMS like CXR to survive
This is in response to some questions asked to me via email... Wall st needs to pay employees , maintain life style and control the world order by paying politicians etc... its not possible to earn this money via lending only ...lending pays a bit of the the total need ... Thats where stock money sweep as they call comes in ... they will artificially raise the price of an asset ..create excitement on the same and when they feel a lot of money has come into the stock ...they bring it down ... by bringing it down they achieve two things ..number one they lock in the share holders into believeing they will get money back ..they encourage people to average down so they get a feeling that their cost basis is down and hence they will be able to recover quickly... to maintain shareholder morale they present them with small rallies which will look attractive but does no benifit to shareholders ...for example they did a rally on cxr for some 20% or so ...now if you really look deeply price still remained around $5 usd ... who benifited most by bringing it up to $5 ... the wall st instituitions ..why ..because they have policies which stop them from shorting anything which is below $5... you will see this stock goes down to 1 or some and they will do a reverse split to bring it above $5...objective remains to make sure they can take away as much retail money possible .... retail investor will always sell ..why some will need the money at some point of time ..some get frustated ..some think they are missing oppurtunities and so on ..ultimately when all retaill goes out ..the stock will rise so that they may get the investors back again ...Its very imp to not reinvest any further money if you are in too much loss ..if you have little loss and you feel you got caught in scam get out quickly by taking that small hit ... try only investing in spolid sound companies which are here for decades and have survived...AS for CXR you can clearly see the AMCO part was total farce ... yes it has some vales ..may be 400 million or so but this thing was artificially increased by reselling every 2 years at double price ...no company can doiuble every two years 8 years in a row ..this was clearly a scam played by some private equity players to raise money from retail ... companies like cinven ..blackstone ..kkr are all in same leage and help each other out to inflate prices ...Beware of WAll st scam ... I am not asking anyone to sell at loss ..hold on if possible and exit when you feel appropriate but do not waste any further of your money in this SCAM