Can't you create many many Reddit accounts and create a Bot (which uses many different IPs) to post to manipulate those ticker mention counts ?
https://www.ft.com/content/dcd86860-09ed-420e-a5cc-d6d281863c03
Managers in the US and UK have begun using algorithms to scour forums such as r/WallStreetBets or other data sources to try to spot co-ordinated buying. While the practice is new to most western funds, this kind of surveillance is already common for many Asian managers, according to Patrick Ghali, managing partner at advisory firm Sussex Partners.
Tiger cub Lee Ainslie’s Maverick Capital wrote to investors in April that its quant team “now systematically monitors Wall Street Bets and other similar forums that cater to less experienced, retail investors”. Moez Kassam, chief investment officer at Anson Funds in Toronto, said his firm has been building algorithms to follow commentary and sentiment on Reddit, as well as using some bought from external companies.
Fintech company S3 now provides a company’s “short squeeze risk” score to Bloomberg terminal users, while alternative research provider Quiver Quantitative scrapes Reddit investment threads for ticker mentions and sentiment.
“You don’t want your book to be exposed to the whims of r/WallStreetBets,” said Quiver founder James Kardatzke.
Data group Sentifi, which buys data from the likes of Reddit and Twitter and uses it to score sentiment around stocks, said it detected a nearly 1,200 per cent rise in chatter around AMC between May 20 and June 1. The cinema chain’s shares had already started to rise by then, but then doubled on June 2. Sentifi said the number of customers using its platform had doubled over the past year.
Swiss investment firm Unigestion has also started looking at how it can deploy its machine reading and data techniques — which it already uses to spot changing sentiment — around meme stocks.
“It is an important, though short-term, risk factor” in markets, said Unigestion portfolio manager Salman Baig. “For us, any factor that can disrupt markets is of primary concern.”
https://www.ft.com/content/dcd86860-09ed-420e-a5cc-d6d281863c03
Managers in the US and UK have begun using algorithms to scour forums such as r/WallStreetBets or other data sources to try to spot co-ordinated buying. While the practice is new to most western funds, this kind of surveillance is already common for many Asian managers, according to Patrick Ghali, managing partner at advisory firm Sussex Partners.
Tiger cub Lee Ainslie’s Maverick Capital wrote to investors in April that its quant team “now systematically monitors Wall Street Bets and other similar forums that cater to less experienced, retail investors”. Moez Kassam, chief investment officer at Anson Funds in Toronto, said his firm has been building algorithms to follow commentary and sentiment on Reddit, as well as using some bought from external companies.
Fintech company S3 now provides a company’s “short squeeze risk” score to Bloomberg terminal users, while alternative research provider Quiver Quantitative scrapes Reddit investment threads for ticker mentions and sentiment.
“You don’t want your book to be exposed to the whims of r/WallStreetBets,” said Quiver founder James Kardatzke.
Data group Sentifi, which buys data from the likes of Reddit and Twitter and uses it to score sentiment around stocks, said it detected a nearly 1,200 per cent rise in chatter around AMC between May 20 and June 1. The cinema chain’s shares had already started to rise by then, but then doubled on June 2. Sentifi said the number of customers using its platform had doubled over the past year.
Swiss investment firm Unigestion has also started looking at how it can deploy its machine reading and data techniques — which it already uses to spot changing sentiment — around meme stocks.
“It is an important, though short-term, risk factor” in markets, said Unigestion portfolio manager Salman Baig. “For us, any factor that can disrupt markets is of primary concern.”
