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| Authored by: nsomos on Tuesday, April 23 2013 @ 03:26 PM EDT |
If whatever security hole is not plugged, then whoever
did this could easily sell short a number of different stocks,
make the false tweet, and then clean up covering
their positions after stocks fall, but before the rebound.
Then there is the alternative strategy of buying when
the stocks are down, and waiting for them to come up again
when the information is discovered to have been false,
and then selling to make the profit.
Either way, they have seen just how stupid wall street is
from this first time. [ Reply to This | Parent | # ]
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| Authored by: albert on Tuesday, April 23 2013 @ 04:05 PM EDT |
be a better fit. Paranoia (of losing one's money) is proportional to the amount
of money one has. As has been pointed out before, there's no logic in the
Market. It always goes down when such things happen. If there's a _perception_
that it might go down, it goes down, which feeds selloffs, etc. A positive
feedback system has negative consequences.[ Reply to This | Parent | # ]
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| Authored by: Anonymous on Tuesday, April 23 2013 @ 04:16 PM EDT |
Steve Jobs, from a
recent Newspick
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| Authored by: Anonymous on Tuesday, April 23 2013 @ 07:41 PM EDT |
So they won't admit it. Someone told them that you never, ever admit your
mistakes, because admitting mistakes makes you look weak.
Not admitting mistakes makes you look foolish and untrustworthy. Guess
they prefer that to looking weak.
Wayne
http://madhatter.ca
[ Reply to This | Parent | # ]
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