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> Stocktwits and few other websites do some good work in signal boosting, up and coming stocks PLEASE people, look at what you are doing. If you want to "boos
by newacct583 6y ago
> Stocktwits and few other websites do some good work in signal boosting, up and coming stocks
PLEASE people, look at what you are doing. If you want to "boost" a "signal" to get people to make trades the way you want them to, you are presumptively engaged in market manipulation. Stop this madness.
I know it's popular to think that big evil hedge funds do these tricks too, and imagine yourself as a hero. But that's not really the way they work[1]. And it's not right when they do it, and it's not right here either. Yes, people go to jail for stuff like this.
I'll take my downvotes now. But this really is just mass hysteria in our community right now.
[1] And to the extent it is, they tend to have much better opsec and don't post the logs of their criminal conspiracies on open internet forums.
- nixass 6y agoSo it's manipulative to look for free floating data and make your own decisions? What the actual heck?
- newacct583 6y agoInducing other people to make trades based on fradulent, incorrect or manipulative information is a securities fraud, period. Most of what goes on on WSB dances right next to that boundary, so much so that people like you and the OP seem to have forgotten it exists. The comment above is crowing about "signal boosting", which is absolutely not the kind of thing you would say about purely neutral information. Obviously WSB posters haven't been prosecuted in the past. But the reason for that is that WSB activity hasn't so far been responsible for large-scale distortions in the market. Clearly that's no longer true.
- deleted 6y ago[deleted]
- greatgoat420 6y agoNo, but it may be manipulative to encourage people to buy a stock. There are classic schemes, usually referred to as a pump and dump where a person encourages people to invest in a worthless stock then dump their own holdings near the stock's peak. Algorithmically encouraging a pump and dump scheme is a bit iffy.
- toomuchtodo 6y agoAre you going to ban CNBC? People are adults, and they absolutely should not be trading until they’ve performed their own research.