SGH 0.00% 54.5¢ slater & gordon limited

Financial Trolls, page-21

  1. 3,827 Posts.
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    Mighty, this is the theory - often propagated HC - that pressing "Place Buy Order Button" makes your opinion weightier than someone who doesn't. Or that a stock discussion forum is a kind of creche.

    It an almost certain fact in markets worldwide that people who press this button (small retail) are less informed than the balance of the market. Institutional investors rarely appear on HC. And of those, shorters on average tend to be the most sophisticated and informed of the bunch. Have to be. Though everybody gets it wrong sometimes.
 
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