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So it's manipulative to look for free floating data and make your own decisions? What the actual heck?
by nixass 6y ago
So 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.