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Sure, because people decided the claims were credible.
by darawk 7y ago
Sure, because people decided the claims were credible.
- elliekelly 7y agoI 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 agoI'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.