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Re: bas2020 post# 429712

Thursday, 09/07/2023 11:21:52 PM

Thursday, September 07, 2023 11:21:52 PM

Post# of 459967
I've posted this before and I'll post it again: if you have actual evidence of collusion, please provide it to me and I will forward it to three contacts I know at the SEC, all of whom are enforcement attorneys.

Feuerstein is playing by the rules. The rules may suck, but he's a man entitled to his opinion and others are entitled to trade based on his opinion. If there's an unwritten signal that everyone shorts the stock when he posts an article, it's no different than how everyone banded together a few years ago to take down Melvin Capital.

The gamble Feuerstein's followers don't seem to realize is that he has no actual skin in the game. So while some of them may make money for a while, it is a dangerous game with a CEO who just recently said he plans to release news at the time of his choosing with a stated goal of taking the market by surprise. I wouldn't want to be a short caught off-guard any more than I'd want to be a long who was trying to flip shares or sell calls. Maybe my approach is old fashioned but I like to buy, hold and take profits when it allows me to ride free shares.

Market collusion exists but it's not like it used to be back in the 90s. Hedge funds still run the show but they don't use message boards anymore, they use supercomputers running software programs designed by MIT quants who would prefer to build rockets for NASA if the salaries were the same. Maybe some really. low-tier funds try to use archaic scare tactics that were effective back when information was not so easily accessed, but I'm not too worried about message board stock bashers. They have pretty much zero influence in today's era. Most people block/ignore them immediately instead of choosing to engage them.
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