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How long before someone (a hacker no doubt) games the system to create a selling spiral, just waiting to take profit of the rebound. If it´s well planned the o
by omegant 13y ago
How long before someone (a hacker no doubt) games the system to create a selling spiral, just waiting to take profit of the rebound.
If it´s well planned the one causing the dive is not going to be the one taking the profit (at least that it can be proved).
- jermy 13y agoWell, it's been a common enough movie plot (cf. Casino Royale where the Antagonist engineers terrorist attacks on high-profile companies whilst short-selling their stocks).
- jzwinck 13y agoWe need not wait for that to happen. Such shenanigans have been observed and documented already, such as in the book "Reminiscences of a Stock Operator." It was written in 1923, and worth reading today.
- jrockway 13y agoIt will probably happen when one of the stock exchanges says "we won't revert fraudulent trades anymore". Until then, I kind of doubt it.