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I'll chime in: Me too! Me too! Me too! I also think it's a great story, well told by Michael Lewis. This teenager figured out exactly what was happening in the
by PhantomGremlin 13y ago
I'll chime in: Me too! Me too! Me too! I also think it's a great story, well told by Michael Lewis.
This teenager figured out exactly what was happening in the stock market in the late '90s up to the 1st dotcom crash (IMO the 2nd crash of Internet momentum stocks is coming soon). The kid was very wise for his years. The SEC, on the other hand, appeared to be clueless clowns.
I was, however, disappointed to see the links here to the kid's recent activity. It looks like he's simply continued his promotion of penny stocks. I hate to sound cliched, but "meh". I see a lot of wasted potential.
Why? Because this isn't 1999. His activities can't be nearly as profitable. There's too much noise on the Internet, he's now a little fish in a very big pond.
But what do I know? Not much. In 1999 I was an American "salaryman", watching incredulously while stocks levitated almost to the moon, and yet I wasn't smart enough to make a few bucks speculating before the whole thing imploded.