finance & investment

Want a tip from an insider?

Once I read about a rather unusual fraud scheme. In essence, some 1000 random people would receive letters, 500 of which claimed, that stock A would go up, and the other 500 that it would go down during the next NY Stock Exchange trading day - all based on their new ground braking prediction models or insider information. Well, it is not hard to realize, that at least half of the predictions were correct!

Fate

For testing purposes a colleague of mine selected an LSE stock at random. The lucky winner was CRT.L - Chariot Plc, the new lottery runner, which failed miserably during the first public sale of its tickets. Having the luxury of Reuters feed on my workstation, I could easily check, that the new threat to Camelot started around 180 pence per share when they had their IPO in February, but today it