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>People were like “yes, $100 million deli, absolutely, I want to buy that.” Hometown went from a thinly traded pink-sheet deli that nobody had heard of, to a co

>People were like “yes, $100 million deli, absolutely, I want to buy that.” Hometown went from a thinly traded pink-sheet deli that nobody had heard of, to a company that everyone had heard of exclusively because it was a poster child for market excess, and … people … bought … it? What are the chances that bots parsing financial news happened to pull out the stock code and auto-bought stock which was then sold manually? How often does this happen? In which case there were no people to buy it

superfrank 6y ago
> What are the chances that bots parsing financial news happened to pull out the stock code and auto-bought stock which was then sold manually My guess would be almost 0 in this case. I'm sure there are cases where bots have been fooled in the past and bought themselves into bad situations, but prior to this story breaking, this stock was only trading a couple hundred shares a day. Trying to algo trade a stock with almost no liquidity seems like a recipe for disaster so I would think many bots would ignore the stock on volume alone. I really believe it's just people who want to be part of the story and are buying into the novelty.