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You, as the attacker, don't have to do it immediately before either. You could make your trades, wait a week, then do the scam and plausibly say you sold when t
by ALittleLight 6y ago
You, as the attacker, don't have to do it immediately before either. You could make your trades, wait a week, then do the scam and plausibly say you sold when the stock jumped.
- modeless 6y agoThis isn't really true. Especially with the volatility in the market and TSLA specifically right now, you would be taking a huge risk holding a position like that for a week. Natural moves in the stock could easily be much larger than the move your hack causes. You could even be margin called before the hack happens.
- ALittleLight 6y agoYou buy OTM calls on Hertz and execute that scam from the OP. No worries about margin calls.
- TomVDB 6y agoHow many people are trading Hertz securities for large sums compared to Tesla?
- txcwpalpha 6y agoBizarrely, a lot. Just a couple weeks ago Hertz was the most traded stock on the NYSE and is still up there with incredibly high volume. People in this thread are really underestimating how easy it would be blend into the crowd of millions of traders. As of today, Hertz trading volume is around 5 million, while Tesla volume is around 13 million.
- travisoneill1 6y agoBut a better measure would be dollar volume. HTZ is trading at $1.40 and TSLA at $1500, so it's really $19.5 billion vs $7 million.
- aiisjustanif 6y agoWaiting a week being an insider threat seems unlikely.