Penny Stock Chronicles

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.