Wednesday, August 11, 2004
No court for today…….so I spent the whole day in the office. First it was just doing homework, research and doing my presentation speech, then my ‘boss’ assigned me to draft a letter as a last appeal on behalf of a client. That was interesting, cause the diplomatic skills from MUN came in handy…………hehe, there goes the slight pleading tone, the emotional blackmail, the gracious appreciation for help even though none was withcoming…………………brilliant!! At least I thought so, and my boss was pleased too……..so everyone happy………..
At the end of the day, I got briefed for another draft letter tomorrow, this time a legal one!!! I wonder if I can get tough now…………our client is holding their ground, and suing back the plaintiff!! Also I learned about how the stock exchange works, and the playing of the ‘game’. It seems that there are often situations where syndicates, either on their behalf or of the company being targeted, set off an operation. These operators then employ the use of many remiciers or brokers to drive up the price of shares of a counter (targeted company). The remiciers could use their client accounts or persuade their clients to buy those shares, thus driving up the prices, since it all hang on market forces of demand and supply. Then when the price is high enough, the operator sells off their shares, making a huge wallop of a profit while the stocks crash and incur heavy losses for the other clients!!!
I also found out that there is an easy way to make some quick cash, by the manipulation of buying and selling shares within three days. When an order goes through, the bill for the shares only come after three-five days, and at this time the buyer is allowed to sell if seen fit when the share price rises, thus making a profit without paying. It’s called contra profit………..of course on the other hand, there could be a contra loss if the price goes down instead……………………….wow, this is the first time I found the stock exchange interesting….maybe it’s because I was forced to listen to the explanation from my boss………… ^.^
Oh yeah…..yesterday I wrote a new poem called Red….it was for a challenge competition about blind rage………it’s up at Fictionpress…..and also on The Poet’s Sanctuary……………………*hops off*
Mused by Sukunami Taka around 10:12 PM
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