5 ms·

SEC investigates stuff like this. So not a better strategy. Who benefits from stocks like this is information available to investigators.

ChuckMcM 13y ago
Understood, but the SEC doesn't investigate every butterfly [1] transaction, and since you're spread wide its a lot more subtle. [1] Butterfly - a limited risk investment that exploits volatility see [http://en.wikipedia.org/wiki/Butterfly_(options) http://en.wikipedia.org/wiki/Butterfly_(options)]
- btipling 13y ago
  In order to benefit they would have had to sell in very short time.
neurotech1 13y ago
Try FBI and Secret Service, along with 10 other agencies. Perhaps even US Cyber Command could get involved. If this is a trading strategy, its a really really dumb move.
- mynameishere 13y ago
  Yeah, how often do prosecutions actually occur? The market is huge and trades can easily get lost in the noise. Was anyone arrested for trading prior to 9/11? The only way to figure out who was making trades on the expectation of this hoax would be to find the hacker, which probably means finding who controlled a botnet, which probably means convincing Russia to extradite someone. Good luck.
rz2k 13y ago
Trading that looks like foreknowledge of the release of fake news would stand out, but purchased based on knowledge that the news was fake would blend in with trades by plenty of other people who simply figured it out quickly.
- ttrreeww 13y ago
  No it won't, the market is too large. This is not a option opportunity after all. Someone(s), made a LOT of money today. More than you or I will ever make in a lifetime.
  - kasey_junk 13y ago
    Someone(s) also lost a LOT of money today. Given 2 scenarios: A) A script kiddie had fun with a tweet just for the lolz and it had a short term unintended impact on the Dow. B) There is a nefarious plot by folks who have the no how and infrastructure to pull off a highly risky, illegal trade who couldn't make more money just doing what they normally do.
    - ttrreeww 13y ago
      Yeah, the dumb money lost again, as always.

ChuckMcM 13y ago

Understood, but the SEC doesn't investigate every butterfly [1] transaction, and since you're spread wide its a lot more subtle. [1] Butterfly - a limited risk investment that exploits volatility see [http://en.wikipedia.org/wiki/Butterfly_(options) http://en.wikipedia.org/wiki/Butterfly_(options)]

btipling 13y ago
In order to benefit they would have had to sell in very short time.

neurotech1 13y ago

Try FBI and Secret Service, along with 10 other agencies. Perhaps even US Cyber Command could get involved. If this is a trading strategy, its a really really dumb move.

mynameishere 13y ago
Yeah, how often do prosecutions actually occur? The market is huge and trades can easily get lost in the noise. Was anyone arrested for trading prior to 9/11? The only way to figure out who was making trades on the expectation of this hoax would be to find the hacker, which probably means finding who controlled a botnet, which probably means convincing Russia to extradite someone. Good luck.

rz2k 13y ago

Trading that looks like foreknowledge of the release of fake news would stand out, but purchased based on knowledge that the news was fake would blend in with trades by plenty of other people who simply figured it out quickly.

ttrreeww 13y ago
No it won't, the market is too large. This is not a option opportunity after all. Someone(s), made a LOT of money today. More than you or I will ever make in a lifetime.
- kasey_junk 13y ago
  Someone(s) also lost a LOT of money today. Given 2 scenarios: A) A script kiddie had fun with a tweet just for the lolz and it had a short term unintended impact on the Dow. B) There is a nefarious plot by folks who have the no how and infrastructure to pull off a highly risky, illegal trade who couldn't make more money just doing what they normally do.
  - ttrreeww 13y ago
    Yeah, the dumb money lost again, as always.