Friday, April 05, 2024 5:36:39 PM
"With 1.2 million traded per day. someone is picking up cheap shares every day!"
At least one party (more likely multiple colluding parteis) is running an AI algo designed to manipulate the price every day!!!
It will only be productive if they find enough suckers.....
The entire market is manipulated, but the most valuable stocks are manipulated more.
The advantage LWLG has is the huge block of retail that just isn't going to sell, no matter how much manipulation occurs.
Most of my shares are in my IRA and I just leave them alone....
It is common knowledge that AI can (and is IMO) be used to manipulate the market.
I disagree with the author of this paper's initial claim that there is "no evidience yet". I believe the huge pump and dump that occurred during the COVID lock up was a way to get government funds given to people and businesses during that time to gamble in an AI controlled market and channel a lot of those funds back to the Street people. The methods and dangers of AI are well described though.
https://knowledge.wharton.upenn.edu/article/how-ai-powered-collusion-in-stock-trading-could-hurt-price-formation/
Another source...
more from the above source at this link:
https://www.risk.net/risk-management/7958887/ai-expert-warns-of-algo-based-market-manipulation
...and another...
https://www.waterstechnology.com/regulation/7951639/ai-expert-warns-of-algo-based-market-manipulation
...and another...
https://scholarship.law.upenn.edu/cgi/viewcontent.cgi?article=2035&context=jil
I could go on and on ... but it is clear from these samples that this is a very real threat to the integrity of the market.
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