Comments on: (Apple) Stock Hacking & the power of DisInformaton http://gigaom.com/2007/05/16/apple-stock-hacking-the-power-of-disinformaton/ The Business of Technology Tue, 02 Dec 2008 21:43:55 +0000 http://wordpress.org/?v=MU hourly 1 By: Erik http://gigaom.com/2007/05/16/apple-stock-hacking-the-power-of-disinformaton/#comment-885931 Erik Thu, 26 Jun 2008 19:00:38 +0000 http://gigaom.wordpress.com/2007/05/16/apple-stock-hacking-the-power-of-disinformaton/#comment-885931 mhh, how predictable will be all or which way will it take this manipulation? Regards, Erik --------------------------------- <a href="http://www.gipsy-info.com" rel="nofollow">la vie est belle :-)</a> mhh, how predictable will be all or which way will it take this manipulation?
Regards, Erik

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la vie est belle :-)

]]> By: PR Ganapathy http://gigaom.com/2007/05/16/apple-stock-hacking-the-power-of-disinformaton/#comment-103287 PR Ganapathy Mon, 21 May 2007 19:55:42 +0000 http://gigaom.wordpress.com/2007/05/16/apple-stock-hacking-the-power-of-disinformaton/#comment-103287 <p>This sort of extreme reaction is only going to get more frequent as more algorithmic trading engines are developed based on news feeds - for e.g., Reuters' new real-time new feed service, or Monitor 110.</p> <p>Those algorithms will have little ability to discern fact from fiction and they are likely to pull the trigger by initiating trades long before any human being has a chance to intervene.</p> This sort of extreme reaction is only going to get more frequent as more algorithmic trading engines are developed based on news feeds - for e.g., Reuters’ new real-time new feed service, or Monitor 110.

Those algorithms will have little ability to discern fact from fiction and they are likely to pull the trigger by initiating trades long before any human being has a chance to intervene.

]]> By: RandomThoughts http://gigaom.com/2007/05/16/apple-stock-hacking-the-power-of-disinformaton/#comment-103256 RandomThoughts Fri, 18 May 2007 18:33:28 +0000 http://gigaom.wordpress.com/2007/05/16/apple-stock-hacking-the-power-of-disinformaton/#comment-103256 <p>Kevin, Cramer was mostly talking about RIMM, but he also said Apple is a perfect company to do this kind of thing to. I have a link to the video on my blog.</p> <p>Actually, I think this was much too crude for a hedge fund guy, they are smarter about how they go about doing these kinds of things.</p> Kevin, Cramer was mostly talking about RIMM, but he also said Apple is a perfect company to do this kind of thing to. I have a link to the video on my blog.

Actually, I think this was much too crude for a hedge fund guy, they are smarter about how they go about doing these kinds of things.

]]> By: Jon T http://gigaom.com/2007/05/16/apple-stock-hacking-the-power-of-disinformaton/#comment-103258 Jon T Fri, 18 May 2007 15:16:13 +0000 http://gigaom.wordpress.com/2007/05/16/apple-stock-hacking-the-power-of-disinformaton/#comment-103258 <p>Looks as though Engadget is even more culpable. Apple says the email never was in their systems...</p> <p>http://www.eweek.com/article2/0,1759,2132727,00.asp</p> <p>Look to your lawyers Engadget...</p> Looks as though Engadget is even more culpable. Apple says the email never was in their systems…

(link)

Look to your lawyers Engadget…

]]> By: Jason http://gigaom.com/2007/05/16/apple-stock-hacking-the-power-of-disinformaton/#comment-103263 Jason Fri, 18 May 2007 15:02:39 +0000 http://gigaom.wordpress.com/2007/05/16/apple-stock-hacking-the-power-of-disinformaton/#comment-103263 <p>Are you guys talking about this discussion, Kevin? http://www.youtube.com/watch?v=ugldfTwYugc</p> <p>Looks like he starts on AAPL at 3:40, to 7ish. I didn't hear anything about GOOG though, so maybe I have the wrong clip.</p> Are you guys talking about this discussion, Kevin?
(link)

Looks like he starts on AAPL at 3:40, to 7ish. I didn’t hear anything about GOOG though, so maybe I have the wrong clip.

]]> By: Jon T http://gigaom.com/2007/05/16/apple-stock-hacking-the-power-of-disinformaton/#comment-103254 Jon T Fri, 18 May 2007 10:56:08 +0000 http://gigaom.wordpress.com/2007/05/16/apple-stock-hacking-the-power-of-disinformaton/#comment-103254 <p>Wrong: Other sites like MacDailyNews received the email, rang Apple and were immediately told it was not true. Apple is secretive, it isn't paranoid and Engadget are junior scribblers with little sense of responsibility.</p> <p>Wrong 2: "If the irrational hopes surrounding the iPhone had not gotten so overheated, this would never have happened." The product has rightfully got high expectations and anticipation levels from the public at large. That is not irrational, it's totally rational.</p> <p>The perpetrator of the email, and Engadget were both wrong.</p> <p>Don't defend them.</p> Wrong: Other sites like MacDailyNews received the email, rang Apple and were immediately told it was not true. Apple is secretive, it isn’t paranoid and Engadget are junior scribblers with little sense of responsibility.

Wrong 2: “If the irrational hopes surrounding the iPhone had not gotten so overheated, this would never have happened.” The product has rightfully got high expectations and anticipation levels from the public at large. That is not irrational, it’s totally rational.

The perpetrator of the email, and Engadget were both wrong.

Don’t defend them.

]]> By: mpt http://gigaom.com/2007/05/16/apple-stock-hacking-the-power-of-disinformaton/#comment-103216 mpt Fri, 18 May 2007 07:52:50 +0000 http://gigaom.wordpress.com/2007/05/16/apple-stock-hacking-the-power-of-disinformaton/#comment-103216 <p>"A week ago, I noted how backdated stock options, and look into who may have profited from shorting the stock ahead of the news."</p> <p>That paragraph makes no sense.</p> “A week ago, I noted how backdated stock options, and look into who may have profited from shorting the stock ahead of the news.”

That paragraph makes no sense.

]]> By: Kevin Kelleher http://gigaom.com/2007/05/16/apple-stock-hacking-the-power-of-disinformaton/#comment-103198 Kevin Kelleher Thu, 17 May 2007 17:47:19 +0000 http://gigaom.wordpress.com/2007/05/16/apple-stock-hacking-the-power-of-disinformaton/#comment-103198 <p>"Disinformaton" - yes, I wish I had made that typo on purpose. Oh well, I'll take credit for coining it anyway.</p> <p>Keiko - I stand corrected on Cramer's comments on AAPL and GOOG. Thanks for that.</p> “Disinformaton” - yes, I wish I had made that typo on purpose. Oh well, I’ll take credit for coining it anyway.

Keiko - I stand corrected on Cramer’s comments on AAPL and GOOG. Thanks for that.

]]> By: herman manfred http://gigaom.com/2007/05/16/apple-stock-hacking-the-power-of-disinformaton/#comment-103250 herman manfred Thu, 17 May 2007 16:06:16 +0000 http://gigaom.wordpress.com/2007/05/16/apple-stock-hacking-the-power-of-disinformaton/#comment-103250 <blockquote> <p>...“Disinformaton”?! Perhaps you mean “Disinformation”?...</p> </blockquote> <p>I kinda like "disinformaton". Implies a noun, a snippet of disinformation that is something used for possibly-sinister purposes!</p>

…“Disinformaton”?! Perhaps you mean “Disinformation”?…

I kinda like “disinformaton”. Implies a noun, a snippet of disinformation that is something used for possibly-sinister purposes!

]]> By: BHart http://gigaom.com/2007/05/16/apple-stock-hacking-the-power-of-disinformaton/#comment-103248 BHart Thu, 17 May 2007 13:34:31 +0000 http://gigaom.wordpress.com/2007/05/16/apple-stock-hacking-the-power-of-disinformaton/#comment-103248 <p>Perhaps adding a digital signature to emails coming from Bullet News would help...</p> Perhaps adding a digital signature to emails coming from Bullet News would help…

]]> By: Zuneless http://gigaom.com/2007/05/16/apple-stock-hacking-the-power-of-disinformaton/#comment-103252 Zuneless Thu, 17 May 2007 11:55:55 +0000 http://gigaom.wordpress.com/2007/05/16/apple-stock-hacking-the-power-of-disinformaton/#comment-103252 <p>"(Apple) Stock Hacking & the power of DisInformaton"</p> <p>"Disinformaton"?! Perhaps you mean "Disinformation"?</p> “(Apple) Stock Hacking & the power of DisInformaton”

“Disinformaton”?! Perhaps you mean “Disinformation”?

]]> By: Eduo http://gigaom.com/2007/05/16/apple-stock-hacking-the-power-of-disinformaton/#comment-103249 Eduo Thu, 17 May 2007 09:37:07 +0000 http://gigaom.wordpress.com/2007/05/16/apple-stock-hacking-the-power-of-disinformaton/#comment-103249 <p>Some people are clamoring for due diligence. Let's be realistic. Would Apple have answered Engadget's questions had they called them? Are they famous for doing this? No. They're famous for being, precisely, tight-lipped.</p> <p>I love Apple, but I can see how this whole scenario has come up. Including the fact that the unrealistic expectations from a lot of analysts mean that an awful lot of people have jumped into the APPL bandwagon but are nervously hovering the "SELL" button at the smallest sign of a drop.</p> <p>Engadget may now think twice before posting something like this (I don't know what's the current law on this, but doing this repeatedly could prompt an investigation). Apple will probably consider answering questions (maybe under NDA) in the future as well, lest it risk having a similar situation in the future.</p> <p>I'm sure the Engadget guys are as surprised as everyone else. It must feel like when you jokingly push someone and they end up falling down two whole stories down the stairs.</p> Some people are clamoring for due diligence. Let’s be realistic. Would Apple have answered Engadget’s questions had they called them? Are they famous for doing this? No. They’re famous for being, precisely, tight-lipped.

I love Apple, but I can see how this whole scenario has come up. Including the fact that the unrealistic expectations from a lot of analysts mean that an awful lot of people have jumped into the APPL bandwagon but are nervously hovering the “SELL” button at the smallest sign of a drop.

Engadget may now think twice before posting something like this (I don’t know what’s the current law on this, but doing this repeatedly could prompt an investigation). Apple will probably consider answering questions (maybe under NDA) in the future as well, lest it risk having a similar situation in the future.

I’m sure the Engadget guys are as surprised as everyone else. It must feel like when you jokingly push someone and they end up falling down two whole stories down the stairs.

]]> By: SanDiegoClubs http://gigaom.com/2007/05/16/apple-stock-hacking-the-power-of-disinformaton/#comment-103180 SanDiegoClubs Thu, 17 May 2007 06:56:12 +0000 http://gigaom.wordpress.com/2007/05/16/apple-stock-hacking-the-power-of-disinformaton/#comment-103180 <p>What happened is a testimony to how powerful blogs have become. The extremely popular ones at least.</p> What happened is a testimony to how powerful blogs have become. The extremely popular ones at least.

]]> By: Rickey Moore http://gigaom.com/2007/05/16/apple-stock-hacking-the-power-of-disinformaton/#comment-103100 Rickey Moore Thu, 17 May 2007 05:33:01 +0000 http://gigaom.wordpress.com/2007/05/16/apple-stock-hacking-the-power-of-disinformaton/#comment-103100 <p>Looks like this is more profitable than the Nigerian Bride Scheme. Think about it. Ric</p> Looks like this is more profitable than the Nigerian Bride Scheme. Think about it. Ric

]]> By: steady http://gigaom.com/2007/05/16/apple-stock-hacking-the-power-of-disinformaton/#comment-103152 steady Thu, 17 May 2007 05:05:44 +0000 http://gigaom.wordpress.com/2007/05/16/apple-stock-hacking-the-power-of-disinformaton/#comment-103152 <p>It's wrong to suggest that this happens because investors panic or even believe the story; they don't; they're mainly not even there to see it happen or to trade. But they do have stop-loss orders in place that trigger automatically. A big stock dump on the market is amplified once the price drop runs through these stops. Those who were ready waiting for this event can steal a few tens of millions of dollars from the stockholders who had prudent stop-loss orders in place. The sequence is: seed the story; dump stock to trigger the drop; buy back 4% lower. You've suckered one bunch of investors into buying a dollar too high, and another bunch into selling 2 dollars too low.</p> It’s wrong to suggest that this happens because investors panic or even believe the story; they don’t; they’re mainly not even there to see it happen or to trade. But they do have stop-loss orders in place that trigger automatically. A big stock dump on the market is amplified once the price drop runs through these stops. Those who were ready waiting for this event can steal a few tens of millions of dollars from the stockholders who had prudent stop-loss orders in place. The sequence is: seed the story; dump stock to trigger the drop; buy back 4% lower. You’ve suckered one bunch of investors into buying a dollar too high, and another bunch into selling 2 dollars too low.

]]> By: Keiko http://gigaom.com/2007/05/16/apple-stock-hacking-the-power-of-disinformaton/#comment-103066 Keiko Thu, 17 May 2007 03:32:43 +0000 http://gigaom.wordpress.com/2007/05/16/apple-stock-hacking-the-power-of-disinformaton/#comment-103066 <p>Actually, it was not only RIMM, but also AAPL and GOOG....I remember because I was long AAPL and GOOG during December when Cramer came up with the video clip. We had to deal with FUDs day after day in December.</p> <p>Well this is an OE week. We know what is going on. Short hedge funds are desperate. We will see more FUDs until Friday.</p> Actually, it was not only RIMM, but also AAPL and GOOG….I remember because I was long AAPL and GOOG during December when Cramer came up with the video clip. We had to deal with FUDs day after day in December.

Well this is an OE week. We know what is going on. Short hedge funds are desperate. We will see more FUDs until Friday.

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