4 ms·

Nobody with any capital in significant amounts is going to take this report at face value. They're going to investigate the claims on their own before they make

by darawk 7y ago

Nobody with any capital in significant amounts is going to take this report at face value. They're going to investigate the claims on their own before they make any moves.

rebuilder 7y ago
Thats neither here nor there. The market already moved.
- darawk 7y ago
  Sure, because people decided the claims were credible.
  - elliekelly 7y ago
    I think you're putting a bit too much faith in due diligence for a market that is largely run by algorithms. There was some Google traffic for "GE fraud" right before market open and then search traffic spiked at 10:40am.[1] Now look at the trajectory of GE's share price this morning.[2] [1] https://trends.google.com/trends/explore?date=now%201-d&geo=US&q=ge%20fraud https://trends.google.com/trends/explore?date=now%201-d&geo=... [2] https://www.google.com/search?q=GE&tbm=fin#scso=_RrNVXabVDevisAeemarYBw6:0 https://www.google.com/search?q=GE&tbm=fin#scso=_RrNVXabVDev...
    - darawk 7y ago
      I'm really not. The price closed down quite a bit. It recovered only a little bit of its loss by the end of the day. Which means the algorithms that traded quickly are in agreement with the humans who traded slowly.
slg 7y ago
Roughly $7 billion in value disappeared from GE's market cap today. People are certainly going to investigate this more and the stock will move in one direction or another depending on the validity of the report, but regardless of the ultimate outcome significant capital was moved around today which presented an opportunity to make a lot of money.
- darawk 7y ago
  Of course - but it moved precisely because people with money decided the claims were credible.
  - slg 7y ago
    The market moved too quickly for the parties acting to have had time to actually digest the merits of the report. The market moved because the people who released the report had credibility.
    - darawk 7y ago
      It's possible that that was part of it. But the market closed with GE's price barely recovering. Which means people who analyzed it more slowly agreed with the initial movement. Which means there is no evidence for the view that the initial movement was spurious or unvetted.
  - objektif 7y ago
    It can also move by algos that listens to news coverage and they dont do much dd.
deleted 7y ago
[deleted]

by darawk 7y ago

Nobody with any capital in significant amounts is going to take this report at face value. They're going to investigate the claims on their own before they make any moves.

rebuilder 7y ago

Thats neither here nor there. The market already moved.

darawk 7y ago
Sure, because people decided the claims were credible.
- elliekelly 7y ago
  I think you're putting a bit too much faith in due diligence for a market that is largely run by algorithms. There was some Google traffic for "GE fraud" right before market open and then search traffic spiked at 10:40am.[1] Now look at the trajectory of GE's share price this morning.[2] [1] https://trends.google.com/trends/explore?date=now%201-d&geo=US&q=ge%20fraud https://trends.google.com/trends/explore?date=now%201-d&geo=... [2] https://www.google.com/search?q=GE&tbm=fin#scso=_RrNVXabVDevisAeemarYBw6:0 https://www.google.com/search?q=GE&tbm=fin#scso=_RrNVXabVDev...
  - darawk 7y ago
    I'm really not. The price closed down quite a bit. It recovered only a little bit of its loss by the end of the day. Which means the algorithms that traded quickly are in agreement with the humans who traded slowly.

slg 7y ago

Roughly $7 billion in value disappeared from GE's market cap today. People are certainly going to investigate this more and the stock will move in one direction or another depending on the validity of the report, but regardless of the ultimate outcome significant capital was moved around today which presented an opportunity to make a lot of money.

darawk 7y ago
Of course - but it moved precisely because people with money decided the claims were credible.
- slg 7y ago
  The market moved too quickly for the parties acting to have had time to actually digest the merits of the report. The market moved because the people who released the report had credibility.
  - darawk 7y ago
    It's possible that that was part of it. But the market closed with GE's price barely recovering. Which means people who analyzed it more slowly agreed with the initial movement. Which means there is no evidence for the view that the initial movement was spurious or unvetted.
- objektif 7y ago
  It can also move by algos that listens to news coverage and they dont do much dd.

deleted 7y ago

[deleted]