4 ms·
more likely it was just a coincidence, but there might have been a few of us who placed bets after reading that post
by ushakov 5y ago
more likely it was just a coincidence, but there might have been a few of us who placed bets after reading that post
- codingdave 5y agoI would be shocked if it was a coincidence. Online discussions have been used to manipulate the market for decades now. Step 1: Take your position in the market. Step 2: Go kick up discussions to impact the stocks at play. Step 3: Take your profits. This is an old, old game, we just have new players getting into it recently.
- ushakov 5y agoyeah, but how can a HN discussion make a company lose $25B on a day? wouldn't SEC be investigating already?
- codingdave 5y agoThe loss is due to their most recent filing, from a couple days ago. And yes, the SEC could very well investigate anyone who took a short position in the days prior who had insider connections. It isn't like they put out press releases when they look into things, so unless you know for a fact that aren't investigating anyone... anything is possible. I find that HN discussions tend to be symptoms of other discussions online - the HN thread was likely not from someone manipulating the market. It instead was probably a sincere question from someone who saw someone pumping it up elsewhere online. I suppose we could always just ask them what prompted the question if you are really curious.