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The uptick occured at 4:14pm ET, which is exactly when the news was first published at http://www.autonews.com/article/20140903/OEM05/140909950/tesla-to-locate-
by mrb 12y ago
The uptick occured at 4:14pm ET, which is exactly when the news was first published at http://www.autonews.com/article/20140903/OEM05/140909950/tesla-to-locate-gigafactory-in-nevada-report-says http://www.autonews.com/article/20140903/OEM05/140909950/tes... (Automotive News were the first ones to learn about it and published the article at 4:13pm).
- electromagnetic 12y agoEither someone's really fast, or I'm guessing this is autotraders that pick up on keywords.
- tankenmate 12y agoMost hedge funds these days use tools to trawl news and social media sites so they can react quicker to news. I'm sure old school investment firms aren't far behind.
- eigenvalue 12y agoIt's hardly most hedge funds that do this. But there are a few that do, and since price is determined on the margin, it only takes a few to move the price.