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by mc32 1682 days ago
I think that’s an insult to day traders.

More apt would be pump and dump schemes ala Stratton oakmont —which is illegal.

News orgs should be held to account when they do not partake in due diligence.

They used to require multiple sources before embarking on exposes and when making inflammatory accusations. Today quoting an anonymous source on Twitter is sufficient basis for articles on policy, society, etc.

1 comments

It’s only an insult if you deny amorality. They are not pumping and dumping because they have no affinity towards seeing one stock go up. They will pick any stock that has price action.

Let’s put it this way, if the US electorate was shrewd enough to have found Trump boring, it’s would not have been a stock they would have rode. They rode it because they could.

The Steel Dossier was them riding the liberal Trump backlash movement. They just don’t give a shit, they are surfing our waves.