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Careful with those penny stocks spurting at the bourses. Circular trading by market manipulators may give you initial profits, but loads of grief awaits you in the long run.
What value proposition do IPOs offer when issuers ride market euphoria and offer stock at a substantial premium? How can you make money in such a situation?
The irrational exuberance of investors is well known. Contrarian funds try to profit from the profitable investing opportunities this psychology opens up.
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