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Feb 13
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$31.79
$32.83
+3.3%
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WATCH
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Sam Koppelman
Publisher, Hunterbrook
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The stock spiked on a rumor from "ABC Money" about an acquisition, which Hunterbrook identified as a fake news site run by scammers in Dubai. This highlights the vulnerability of the market to "fake news" and algorithmic trading. While the specific trade is over, it serves as a signal to fade/short spikes based on unverified media reports from obscure outlets. Fade news-driven spikes from non-tier-1 sources. The rumor turns out to be a leak of a real deal (unlikely in this specific case, but generally). |
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