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Bullshit. The market would work more efficiently if this info was made public in real time. That companies keep important data secret until earnings' big PR eff
by guelo 12y ago
Bullshit. The market would work more efficiently if this info was made public in real time. That companies keep important data secret until earnings' big PR effort is a huge market distortion as evidenced by the big corrections that occur during the big reveal. The only benefit that this distortion provides to the company is to allow insiders more opportunities for cooking the numbers and insider trading.
- mathattack 12y agoThe market would work more efficiently, but it violates securities law for it to be selectively released. If you allow 1000+ employees to see the #, you might as well have it appear real-time on the investor relations page. (I'm ok with this)
- GolfyMcG 12y agoAre you suggesting these should be open to the marketplace? That alternative puts all publicly traded companies at a disadvantage to privately held businesses.
- mathattack 12y agoYou've just highlighted the tradeoff. The question for public money is "How much information to actually release?"
- eldavido 12y agoThis works in a world where "the need to have Internet access" isn't considered "unfair". We'll get there, but it'll take a while.
- fidotron 12y agoNonsense. HFT is already a demonstration of the abuse of high speed access to pricing data. The markets are not fair, and most of the participants in them prefer it that way.
- jusben1369 12y agoIn all fairness there is real market distortions and problems happening now based on getting data seconds prior to other sources and acting on it.