Welcome to the Cardiogenics Holdings Discussion Forum

Paramagnetic Beads and QL Analyser are Proprietary Products

Free
Message: 10k

Re: 10k

in response to by
posted on Feb 24, 2010 11:14AM

Doc,

Thanks for the supportive comments. I am happy you were spared many of the losses those "rocket scientists" incurred by stubbornly refusing to accept the reality of the situation. They also seem unable to accept the past pump and dump nature of trading in this stock. As far as other investments I am not very active right now. I am extremely angry and frustrated at the Wild West nature of our financial markets that the government and regulators have allowed to flourish. The abuses are rampant and the enforcement of rules selective at best. There have been massive crimes committed at the highest levels of Wall Street yet few are going to jail and even fewer are being required to give back all of their ill-gotten gains plus penalties. Crime does pay for the banksters and hedgies that have effectively been given a license to steal from Main Street.

Neither fundamental analysis or technical analysis means anything right now and stock analysts seem more and more complicit in the scams. On any given day, stocks with terrific earnings can get hammered while stocks with horrific results and outlooks can go dramatically higher. The only thing that matters is where the powerful and exempt manipulators want a stock or an index to go. They can make obscene amounts of money regardless of direction. Black box trading and dark pools rule and the retail little guy has less odds of success than at the worst casino you could enter. High frequency trading now accounts for more than 60 percent of total daily trading volume. Ironically, I strongly believe abusive short selling and illegal naked short selling are a huge problem that is condoned by the government and regulators through lack of action, I just don't believe the NSS claims relative to this stock. Abusive but legal short selling is the much bigger of the two problems, in my opinion, and the new "10%" short selling restrictions being pumped now by the SEC are a complete joke. The damage is done by a barrage of much smaller daily abuses rather than a few massive conspiracies such as the Bear Stearns and Lehman Brothers.

Good luck in whatever you do with Cardio. As you probably noticed if you read that other board, my concern is not with their products but whether or not even if they successfully get them to market they can profitably support the incredible 650 million shares of stock they have created mostly from thin air. Sorry for the rant. I just can't believe what is being allowed to happen in our financial markets and also how little outrage is seen as a result. On balance, the American public is either really stupid or really naive (or both) to not see how they have been raped financially. It appears all that matters to them is the contrived content of their next reality TV show.

Jag-This

Share
New Message
Please login to post a reply