David Dayen
Penny Stock Chronicles
The Intercept, 2016
Aperçu
Join a Wall Street expert’s quest to find out who or what manipulated his penny stock investment.
Recommendation
Chris DiIorio was not an uneducated investor or unfamiliar with the financial markets. Yet in 2006, the former Wall Street equity trader found himself on the wrong side of a speculative penny stock investment, quickly losing $1.3 million in paper value. DiIorio vowed to learn the reasons for the boom in his stock pick and its ultimate demise and to discover the truth about the financial actors behind the scenes who manipulated his investment. Journalist David Dayen, who has written numerous articles as well as a book about financial fraud, pens a rich seven-piece narrative on DiIorio’s 10-year obsession. getAbstract recommends Daven’s account of DiIorio’s unproven but convincing analysis to investors, especially those thinking about penny stock investing.
Summary
About the Author
David Dayen writes for The Intercept, Salon, The Fiscal Times, New Republic, and other publications. He is the author of Chain of Title, a book about three ordinary Americans who uncovered Wall Street’s foreclosure fraud.
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