Friday, December 10, 2010

Day Trading in China a Growing Business - NYTimes.com

Pump-and-dump globalization…

Mr. Chan’s day trading shop is one of many that have sprung up in and around China’s major cities in recent years. Trading firms based in the United States and Canada are recruiting inexpensive workers in China and teaching them to engage in speculative trading — which means repeatedly buying and selling shares listed on the New York Stock Exchange and Nasdaq, hoping for quick profits.

Day Trading in China a Growing Business - NYTimes.com

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