Disqus
While I doubt the following practice is 100% legal, apparently you can make tons of money by creating a panic on the stock market with your cell phone. All you have to do is send hundreds if not thousands of text messages with information about a major change in government policy and watch the stocks nosediving. As soon as the market drops significantly enough, buy all the stocks you can and wait for the market to rebound. Once everyone figures out it was a rumor, start selling and grab the premium.
Very similar scenario happened a week ago in India, where thousands of market players received an SMS suggesting the left had withdrawn support from the government. Withing seven minutes, the Sensex lost about 160 points slipping deep into the red. Naturally, everything went back to normal within another four minutes, with Sensex regaining bout 170 points.
[Via: textually.org]
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
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