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TWTR Stock Pumps & Dumps After Fake 'Bloomberg' Report
Twitter shares surged this morning as traders rapidly spread a report from "Bloomberg" that "Twitter Attracts Suitors." However, in Avon-esque manner, the story is completely fake, via a website whose doman 'bloomberg.market' was created just 4 days ago. Prices then fell back. This is what the 'markets' have come to now...
The fake site...from Bloomberg.market domain with a mispelling of the former CEO's name (here)
The reaction: algos loved it - spiked stocks... then someone read the report...
Why would anyone do this? Well someone loaded up in size on very short-dated TWTR Calls yesterday...
So to be clear: with the stock trading around $35, someone bought around 400 lots (400,000 shares worth) of $37 strike calls that expire in 3 days (at a cost between 21c and 30c) which were all dumped into the ramp today at between $1 and $2)!
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Back to work. $TWTR pic.twitter.com/wD1dlLcQXm
— Fed Porn (@FedPorn) July 14, 2015
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To be sure, a 5 second whois check of http://bloomberg.business reveals that the website was created 4 days ago...
The name server is dns1.namecheaphosting.com - clearly Mike Bloomberg would never stoop so low...
But algos always react to headlines first, ask questions later.
In any case, if you got stopped out on your TWTR short due to the market spike confirming the Idiot Algo Hypothesis, please complain to the Modern Markets Initiative.
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win 1 for the humans (but give the machines time ... they will continue to learn, adjust)
I love watching anyone damn stupid enough to be in these so-called markets getting their balls cut off and their head handed to them.
We fucked with some "algo-bot" folks...
Efficient "markets" at work.
The smart people can't be fooled, just ask'em......
Fraud and lies drive US markets - so why is anyone surprised?
Forward - to more fraud.
NoDebt staggers over to his friends at the bar.....
"You see that chick over there. She's ready. I'm totally gonna nail her."
"Um, NoDebt, that's a dude."
"No WAY!"
"Yes way. That's a dude."
"Oh, fuck."
We Twattered some folks...
Response of the Twitter CEO: http://www.bloomberg.com/news/articles/2015-07-14/twitter-attracts-suitors
don't show the machines this headline:
Atlanta Fed's GDP Now forecast should be downgraded
Options ex gameplay..
There was a time when someone would've gone to jail for a stunt like this. These days, I wouldn't hold my breath waiting for that.
You only go to jail if you crash the price. You get a complimentary Fed tote bag when you spoof it higher.
Well, that's true.
However, I was referring specifically to the buying of out of the money calls, and dumping them for a profit into a spike caused by a news story you faked.
So easy, a 15 year old could do it.
Actually, 15 year olds have done it on the regular.
Part of me yearns to yearns to laugh and shout "hysterical, what a bunch of idiots", then another part of me becomes really sad knowing that this is the future of America... [SMH]
Fake reports for a fake market. Fitting.
remeber that Bengali guy with the 3 series BMW with crazy returns fake MSNBC story in NYC, maybe he was able to borrow a grand reverse repo'ing the title on his 3 - series and then setup this trade
The perp should have named the website 'Boomberg.market'. Give the suckers a little clue.
Was once offered a deal on a solid gold Dunhill lighter. Lighter looked and felt 'right'. Only problem was, the lighter was branded 'Downhill'. LoL!
it's options expiration week and looks like some people are getting desperate ...
'Twitter':
That spot between the Twat and the Shitter. Sorta like the 'taint...
I thought 400 calls would control 40,000 shares, not 400,000, no?
"someone bought around 400 lots"
When talking stocks a 'lot' is 100 shares. When talking options a lot is one contract (controls 100 shares).
So, yes you are correct. Or the article is using ‘lot’ incorrectly.