Man, that was painfull reading that, GW. I think I got about 10% of what Jim was saying, and the rest was like double speak and words only 1% 0f the populations nows the meaning of.
What I did get from the end 30% or so, was a very great deal of disdain for the short traders, that literaly PREY on junior companies that are struggling, or have a lot of volitility. I'm sure they wait for news of some not so good drilling and short like crazy. Or they wait for the period inevitable correction, after an announcement about good driill results Then a company is deliberately targeted, and 'stalked', driving the company down, and all to often eventually out.
Why in gods name did this sort of trading get introduced in the first place. It's like people are incouraged to become entrepenures, government wants the mineral (gold)exploration. But as soon as those outfits start to succeed the sleazy pack of jackels watches for any sign of weakness, then pounce and drive them down as much as possible. Wounded, but not done in, the company struggles back. But the Jackels are waiting, and again, at the first sign of weakness, whether real or percieved, they go for the throat again, trying to take there target down so low, that everyone bails. These a#$h%#es walk away sated, fat, and happy.
In my mind, these people are no different than guys that work for the mob and organized crime. Their bosses, the ones that make the rules? They are the ones that run the exchanges. They are the Dons, the number I guys, and they are the heads of companies, and boards, the big companies that are well above this free for all 'killing field'.
And they are the ones that drove our economy into the ground, took 100's of billions from the people and the government, and a year later are back to making record multi multi million dollar bonuses.
Makes me bloody sick.