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Manufacturing capital gains is not genius — it is evidence

Tong Kooi Ong + Asia Analytica
Tong Kooi Ong + Asia Analytica • 3 min read
Manufacturing capital gains is not genius — it is evidence
The Bursa Malaysia in Kuala Lumpur. Photo: Bloomberg
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Start with something small. A thinly traded company. Limited float. Minimal scrutiny.

Control the supply — directly or indirectly. Then manufacture demand. Shares move, but not really. The same pool of capital rotates — accounts linked, trades pre-arranged, volumes engineered. Prices respond, as they always do, to what appears to be activity.

Liquidity is simulated. Momentum is staged. A market begins to form where none truly exists.

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