How does one guy move companies worth billions?

[tonynyc]

One guy starts rumors and billion dollar companies move, WTF?

 

[dealmaker]

One guy starts rumors and billion dollar companies move, WTF?

Isn't that what Carl Ichan and Bill Ackman do? Though theirs is not a rumor but they do help spread the news about their own book.

 

[tonynyc]

Yes but they manage billions, so it would make sense that their words move the market, but a random anonymous guy moving the market, bizarre.

 

[dealmaker]

Yes but they manage billions, so it would make sense that their words move the market, but a random anonymous guy moving the market, bizarre.

I have seen this happen many times during my trading career, especially in industries susceptible to rumors eg oil...

 

[tonynyc]

Small cap stocks that trade under a million shares I can see, but $3 Billion, $10 billion, $55 billion companies?? Wonder how much he made off this BS, big money could have been made with OPEX today.

 

[d08]

Pretty easy, bots crawling twitter and reacting to his posts.

 

[tonynyc]

If that's the case, than any one can do it, I should give it a try, buy a boat load of calls then tweet.

 

[d08]

You might get into trouble for that, others have before.

 

[tonynyc]

I don't know, does freedom of speech not apply? you're saying you hear a rumor and leave it at that, not: I'm hearing a rumor and then telling others they should start buying, I don't know, maybe the route to go is let him tweet the rumors, and piggyback on those.

 

[Overnight]

There's something wrong with that DAMS Consulting tweet spam thing...

It has a fixed format.

(blank) "rumor" (blank) "will make a (blank) bid for company"...

And the rest is fill-in. That is not a human typing. That is generated by a machine. It did not pass the Turing Test.