[HN Gopher] Nasdaq says they will halt trading if a stock has un...
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       Nasdaq says they will halt trading if a stock has unusual social
       media chatter
        
       Author : the-dude
       Score  : 16 points
       Date   : 2021-01-27 21:26 UTC (1 hours ago)
        
 (HTM) web link (markets.businessinsider.com)
 (TXT) w3m dump (markets.businessinsider.com)
        
       | anewaccount2021 wrote:
       | If your position is sound, there is absolutely no amount of
       | "chatter" that should cause you any concern.
       | 
       | If your position is easily undermined by anonymous posters on
       | reddit...
       | 
       | In any case, it will only delay the inevitable. If NASDAQ halts
       | trading on an equity, they just prolong the agony of a bad short
       | position. How would Citron have been helped by a delay? Its a
       | loan, the longer its open, the more you pay! So a trading halt is
       | actually counterproductive for short hedge funds, what they
       | really need is the quickest exit possible
        
         | okprod wrote:
         | The issue is retail and even institutional traders aren't
         | investing, they're just gambling and riding waves, which are
         | susceptible to chatter and why just investing in low-cost funds
         | will beat out most in the long-term.
        
           | anewaccount2021 wrote:
           | If people are willing to pay short-term cap gains instead of
           | long, what concern is it what their time horizon is?
           | 
           | Once again, even HFT, chat mobs, etc won't take down a sound
           | position...at best they can only create temporary
           | disruptions. If someone wants to try their hand at trading
           | those disruptions, go nuts.
        
       | the-dude wrote:
       | Does the Bloomberg terminal have a chat/social function? Is it
       | monitored?
        
         | T-A wrote:
         | https://www.bloomberg.com/professional/product/collaboration...
        
       | RobRivera wrote:
       | this seems ripe for abuse
        
       | the-dude wrote:
       | Full title : _Nasdaq CEO Friedman says the exchange will halt
       | trading in a stock if they link unusual activity to social media
       | chatter_
        
       | logicslave wrote:
       | The regulation of the underclass.
        
       | floxy wrote:
       | Does this sound reasonable, but yet ripe for abuse? "yeah, it
       | didn't become unusual chatter until it started to negatively
       | effect my buddies."
        
       | okprod wrote:
       | I wonder if this will impact StockTwits
        
       | dang wrote:
       | For pointers to the many other threads on this story, see
       | https://news.ycombinator.com/item?id=25933543.
        
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       (page generated 2021-01-27 23:02 UTC)