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> Hedge funds tracking parking lots with low orbit satellites have more insider information than any official channel. That's not an example of an insider abus
by cwzwarich 4y ago
> Hedge funds tracking parking lots with low orbit satellites have more insider information than any official channel.
That's not an example of an insider abusing their inside position for their benefit, it's an example of a hedge fund deciding that investing in low-orbit satellite photography gives them an edge in estimating market movement.
- sozin 4y agoExactly right, thank you for saying this. I will never forget back in the 00s, when electronic market makers were squeezing out floor traders and the pits were closing down, an outraged floor trader exclaimed to me: “They’re using .. COMPUTERS! To trade!”, in a tone that suggested how grossly unfair and (in the spirit of many a hacker news comment) how insider-trader-y it was.