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As an investor you are expected to do "due diligence" before making an investment decision. If you fall for a very simple April 1st statement (nope, I don't lik

by sgift 12y ago

As an investor you are expected to do "due diligence" before making an investment decision. If you fall for a very simple April 1st statement (nope, I don't like that tradition either, but that's not the point) you failed at due diligence. No one forced you to buy the moment you read the headline and after reading the post its intention was obvious. That it was a joke is not even important, anyway. If you misread a post that Teslas R&D researched a new battery with hundreds of hours capacity, loading in 5 seconds into "all new Teslas will include a battery that .." and start buying Tesla stock then it is your problem, too. The information was there. Whether you use it or not is your own problem.

krick 12y ago
It's true: it's investors fault they make bad decision and yes they failed at due diligence. But it's not the point either: Tesla presented them false information during the trading time and it resulted in them gaining (and somebody losing) money. They didn't tell us "it is a bogus post, don't believe information in it". No, it was official announcement of them making new product: a watch, that will show us time in any point of the world!
- sgift 12y ago
  > Tesla presented them false information during the trading time That's where we disagree, so we probably won't come to an concensus: The whole post (i.e. headline + context) was not false information, because it was clear to any reasonable reader what was going on. If they had only put out the headline, then waited till the market closed and then added the post I would agree with your position. But that didn't happen. All information needed to understand the topic were presented. You just had to use them.
- npizzolato 12y ago
  Sorry, no. Tesla made a press release with information so hilariously and obviously false that no reasonable person could possibly mistake it for true information. Unfortunately (for the investors) machines aren't reasonable people, which is a risk you take if you base all your investments on what a machine tells you to do.

by sgift 12y ago

krick 12y ago

It's true: it's investors fault they make bad decision and yes they failed at due diligence. But it's not the point either: Tesla presented them false information during the trading time and it resulted in them gaining (and somebody losing) money. They didn't tell us "it is a bogus post, don't believe information in it". No, it was official announcement of them making new product: a watch, that will show us time in any point of the world!

sgift 12y ago
> Tesla presented them false information during the trading time That's where we disagree, so we probably won't come to an concensus: The whole post (i.e. headline + context) was not false information, because it was clear to any reasonable reader what was going on. If they had only put out the headline, then waited till the market closed and then added the post I would agree with your position. But that didn't happen. All information needed to understand the topic were presented. You just had to use them.
npizzolato 12y ago
Sorry, no. Tesla made a press release with information so hilariously and obviously false that no reasonable person could possibly mistake it for true information. Unfortunately (for the investors) machines aren't reasonable people, which is a risk you take if you base all your investments on what a machine tells you to do.