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At least this points to a profitable (albeit illegal, but what's legal on Wall Street anyway?) strategy in daytrading: 1. Buy stocks in X. 2. Hack X's
by oskarth 12y ago
At least this points to a profitable (albeit illegal, but what's legal on Wall Street anyway?) strategy in daytrading:
1. Buy stocks in X.
2. Hack X's blog (Hello Wordpress).
3. Put out a fake product announcement.
4. Sell stocks in X to stupid robot.
5. Profit.
I'm not sorry for any ideas I might give people. The stupid robots had it coming ;)
- tptacek 12y agoThat's a strategy that is at least as old as the Yahoo Finance message boards, and almost surely much older.
- drglitch 12y agoDont overcomplicate things: 1. Sell short stock in X. 2. Put out a fake, negative press release. 3. Buy back shares at a huge profit. For prior example, see: http://money.cnn.com/2008/10/03/technology/apple/ http://money.cnn.com/2008/10/03/technology/apple/ In case you are wondering, this is, in fact, very illegal. (edit: formatting)
- eru 12y ago> In case you are wondering, this is, in fact, very illegal. (edit: formatting) Split among multiple people, and choose jurisdiction carefully?
- snowwrestler 12y agoAKA "pump and dump." http://en.wikipedia.org/wiki/Pump_and_dump http://en.wikipedia.org/wiki/Pump_and_dump