Bootney Lee Farnsworth
Diamond Member
No, the professional traders are taking advantage of news and creating a fire sale on stocks, so they can rush in and buy at low prices.Apparently, the Stock Market is taking China's side too.
It's a pretty simple scheme:
Get "bad" news.
Sell off stocks.
Wait until all the amateur day traders freak out, scramble to save their investments and sell at lower prices.
Then, buy all these sold stocks at lower prices.
The sudden buy-back causes the value to rise quickly.
Then, sell off at a higher rate to the amateurs trying buy back into the market.
It never fails.
.