with regard to the time traveler that made millions on stock ventures:
Thread Starter
It's my first day.
Joined: Nov 2001
Posts: 13,635
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From: Grafton, WI.
with regard to the time traveler that made millions on stock ventures:
a good essay:
This is an interesting story, and there are several things we
should note about it. First of all, it's posted in the
"Entertainment News & Gossip" section of Yahoo! TV. That should
be a fairly big give away. Second this guy allegedly got
arrested January 28th, yet no major news outlet has picked the
story up.
With those pieces of information let's look at the story. The
story claims this guy made $350 million dollars in two weeks
with only an $800 dollar investment by making 126 high-risk
trades. It also alleges that he came out a winner every time.
The article then leads you to believe the SEC thinks it's
insider trading and that his story about being from the future
is obviously false. Yet any person with reasonable intelligence
will realize that even with insider information, there is no way
someone could make 126 "high-risk" trades and come out on top
every time. To have a record that perfect someone would need
foreknowledge.
The article appears to be trying to persuade us that the man had
insider knowledge, yet when you evaluate the story at face
value you walk away thinking "no way, insider information isn't
*that* good. He *must* be from the future".
The major problems with this story though lie in the basic
facts:
1. There is no Andrew Carlssin being investigated by the SEC
2. The SEC does not have police powers and cannot arrest people
3. The alleged high risk trades didn't take place
4. There is in fact no record of *any* of the events mentioned
I could go on and on, however there is absolutely no solid
factual information to back this story up. I saw this article a
few days before April 1st, so I thought it was some type of
elaborate April fools day joke, but I wanted to put it to rest
once and for all, so I called the SEC Public Relations office.
They said the article is completely made up and has no basis in
fact. It's not even based on an actual investigation.
Of course we knew all this because this story is posted in the
"Gossip" section though.
Doug Tolton
This is an interesting story, and there are several things we
should note about it. First of all, it's posted in the
"Entertainment News & Gossip" section of Yahoo! TV. That should
be a fairly big give away. Second this guy allegedly got
arrested January 28th, yet no major news outlet has picked the
story up.
With those pieces of information let's look at the story. The
story claims this guy made $350 million dollars in two weeks
with only an $800 dollar investment by making 126 high-risk
trades. It also alleges that he came out a winner every time.
The article then leads you to believe the SEC thinks it's
insider trading and that his story about being from the future
is obviously false. Yet any person with reasonable intelligence
will realize that even with insider information, there is no way
someone could make 126 "high-risk" trades and come out on top
every time. To have a record that perfect someone would need
foreknowledge.
The article appears to be trying to persuade us that the man had
insider knowledge, yet when you evaluate the story at face
value you walk away thinking "no way, insider information isn't
*that* good. He *must* be from the future".
The major problems with this story though lie in the basic
facts:
1. There is no Andrew Carlssin being investigated by the SEC
2. The SEC does not have police powers and cannot arrest people
3. The alleged high risk trades didn't take place
4. There is in fact no record of *any* of the events mentioned
I could go on and on, however there is absolutely no solid
factual information to back this story up. I saw this article a
few days before April 1st, so I thought it was some type of
elaborate April fools day joke, but I wanted to put it to rest
once and for all, so I called the SEC Public Relations office.
They said the article is completely made up and has no basis in
fact. It's not even based on an actual investigation.
Of course we knew all this because this story is posted in the
"Gossip" section though.
Doug Tolton
hfawk:
un-Touch'd krew
Joined: May 2001
Posts: 51,774
Likes: 1
From: My own level of hell
Originally posted by Fujiwara Takumi
as a mod perhaps you should set a good example by not cursing on the forums.
as a mod perhaps you should set a good example by not cursing on the forums.
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"I'll keep my money, guns and freedom. You can keep the "Change."
"I'll keep my money, guns and freedom. You can keep the "Change."