Going to Zimbabwe ?

Many manipulators trading in India must be wishing that India were Zimbabwe. Here is an excerpt from a paper issued by the Governor of the RBZ (Reserve Bank of Zimbabwe) that explains why:

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The ZSE (Zimbabwe Stock Exchange) allowed some stock brokers to falsely bid up share prices, when in fact the same stock brokers had absolutely no money to pay for the shares. The end result has been that some counters grew by as high as 2 million percent in a single day;

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There is more…

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Some stock brokers were buying shares cheap in the morning call overs then drive up prices
before off-loading the same shares on the same day at inflated prices;

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Hmmm…. This practice sounds familiar. Buy shares, then recommend them, cause an increase in prices and sell quietly.