You might find a stock that looks good, you check financials, fillings, read forum posts and "expert" financial blogs such as Seeking Alpha. They all concur: stock looks good, BUY! BUY! BUY!
So you buy the stock thinking you are making an informed decision only for it to crash the next day after their latest SEC filing hits the wires.
There you learn they all knew the filing was coming, so they pimped the stock hard so suckers like us bite. Corp officials, analysts, "expert" financial bloggers, even the SEC. They are all on it.
I doubt you'll believe me, but there are a lot of 100% independent investors that are on twitter and forums as well as write in-depth blogs who consistently outperform the market and do not resort to any sort of tricks like this.
Of course, you have to find them (and I'm certainly not going to share as I have made a significant investment of time finding these people, and many of the stocks they buy are small caps), and you also have to (or should) do your own due diligence on every purchase.
Seeking Alpha specifically is mostly full of people like you describe, but there is also some honest, legitimate advice there.
You might find a stock that looks good, you check financials, fillings, read forum posts and "expert" financial blogs such as Seeking Alpha. They all concur: stock looks good, BUY! BUY! BUY!
So you buy the stock thinking you are making an informed decision only for it to crash the next day after their latest SEC filing hits the wires.
There you learn they all knew the filing was coming, so they pimped the stock hard so suckers like us bite. Corp officials, analysts, "expert" financial bloggers, even the SEC. They are all on it.