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69 Comments
- inactive, on 10/12/2007, -16/+65the only thing stupider than getting your stock tips from digg
is believing that digg can be used to manipulate stock prices. - mastercheif, on 10/12/2007, -14/+44Dugg for the conspircy theroy
- pgm_01, on 10/12/2007, -3/+31Digg is also behind the acquisition of Alienware by Dell. And all of the delays in the PS3. And Apple's switch to Intel. :D
- yoshu, on 10/12/2007, -0/+25Whether or not the author was trying to manipulate the stock, he was definately pushing his agenda.
- fgiDangeresque, on 10/12/2007, -4/+19I like the way that 'digg can be fooled'. Sun is a hot topic now, especially with the rumors the behemoth google- of course people are feeding off each others apprehension. Sounds to me like those sensationalist TV 'news' shows that are on after the news- just less coordinated. Or something....
- TAGG, on 10/12/2007, -5/+20Original posting was for moving stocks up,
this one is same - but for moving stocks down.
This is very smart two move combination. - ktarr, on 10/12/2007, -0/+14From the article "Especially if it has one of the magic four in the headline: Apple, Microsoft, Google or Linux"
You forgot AJAX - mbiesz, on 10/12/2007, -4/+17Exaggerated conspiracy theory about coincidences and unfounded rumors -- and it still makes it to the front page.
- herting, on 10/12/2007, -0/+11If you look through the other articles that are dugg by some of the users mentioned in the article, they only digg articles by a few select posters. If you look at olseneric's list of dugg articles he has 92 posts which he has dugg, of those posts 65 were posted in the last 46 days. Between those 65 posts that he dugg only 6 contributors are seen on the list: CPhillips, ebrage, pwinn, Willowtree, Huntjo, and aacool. If you then go to their pages you will see that they are all participating along with them to get their posts listed higher.
If you look at some of the posts that were dugg by them, but few others you can find a few more members that are participating in their scheme: mattlargo, satisfieddog, midnitcafe, gypsyman, sarcirohan, Tantheman, patfish, Mark Schannon, MsDiana, and chkngrrl
I'm not saying they are doing it to run up stock prices, but all those members are definately abusing the system - ericpp, on 10/12/2007, -1/+10The inaccurate flag seems pretty ineffective at deterring people from digging these ridiculous stories. Digg needs to rethink that mechanism.
- inactive, on 10/12/2007, -0/+9Let me premise this by stating I think the practice of using forums/blogs to try and manipulate stocks is crap, but people do it.
Now, for the conspiracy theorists out there, I looked at the historical prices of SUNW and compared them to the posts on digg:
1st post: 2/24, 9 diggs, opened at 4.25 closed at 4.29
2nd post: 2/27, 33 diggs, opened at 4.28 closed at 4.33
3rd post: 3/7, 312 diggs, opened at 4.45 closed at 4.49
4th post: 3/8, 836 diggs, opened at 4.44 closed at 4.45
5th post: 3/16, 1125 diggs, opened at 4.88 closed at 4.94
That's 2315 diggs at a price difference of +20
There are 18 days between the first post and last post. The stock prices for the previous 18 days was open at 4.50 closed at 4.28.
That's no diggs and a price difference of -22
Anyone wanna see what GOOG did during these dates?
YES I HAVE TOO MUCH TIME ON MY HANDS! - inactive, on 10/12/2007, -4/+12I think his agenda was "himself".
Like I mentioned, he thought that someone else citing his wild claims actually reinforced the validity of his claims. That's just silly and borderline insane. - timewarrior, on 10/12/2007, -2/+10Those four users looks suspicious; but that may have more to do with promoting the blog rather than stock manipulation.Inaccurate story.
http://digg.com/users/olseneric
http://digg.com/users/ebrage
http://digg.com/users/MarkIsCranky
http://digg.com/users/ZRock - OneEye, on 10/12/2007, -2/+10It's not that crazy of an idea. Bulletin boards and message boards have been used for some time now, by those manipulators. Many times, it only takes a rumor to send a stock into orbit while the rumor-mongers cash out with a hefty payday.
http://news.com.com/2100-1023-203360.html
http://www.fmew.com/archive/lies/
http://www.pfir.org/statements/hoaxes - Angostura, on 10/12/2007, -3/+10Comments gentlemen? Come on, you know you are reading this
- docxxvi, on 10/12/2007, -1/+8Id put money on this being a post grad economics researcher testing group dynamics of a modern society not hinged to traditional (and accountable) information sources.
- indydrew, on 10/12/2007, -0/+5Move along folks nothing to see here. Who among us does not think that blogs are used to promote personal agendas. Get real kids, anyone can make a blog post and then post it to digg, and then move it up with there 40 digg accounts. Its not hard kids, I know for a fact that some of our more frequent posters here have multiple accounts and digg there own posts. Its been going on since day one of digg. Not a big deal just part of what the Internet is. Slashdot has this same type of behavior to a far larger extent, agendas are agendas.
- fluffyturtle, on 10/12/2007, -0/+4In later news digg is constantly used to push personal agendas as it is. How many more blog posts can we have or a apple news story every few hours.
- inactive, on 10/12/2007, -0/+4So now this story has been removed from the front page?
- ForbesBingley, on 10/12/2007, -0/+3His name's not Theroy, it's Kolja.
Feh! Here's where I get undugg for trying get all funny 'n' stuff... - y2048, on 10/12/2007, -0/+3For some reason, this story was just marked as "burried", making it disappear from the front page.
I read the link but didn't digg it right away, then went back to digg.com to find the link in order to digg it, but was unable to find it anywhere.
So I searched for the link, and found it marked as "burried".
I don't know how this burrying process works, but when a story about digg manipulation mysteriously disappears from digg, it does make you think that maybe there's more to it than just a conspiracy theory after all... - alterself, on 10/12/2007, -1/+3....and in a bit of irony, a story about how google+sun stories make it to the front page...this story makes it to the front page, making IT a story about google+sun on the front page...
- cal0001, on 10/12/2007, -1/+3Yes it must be true because you have to believe everything on the internet.
How many people on wall street read digg
and what is wrong with the story in the first place. Every one sad davorak was full of ***** the first time he said apple was moving to intel. Wouldn't it be funny if Google did buy sunMicro in like a years time. - inactive, on 10/12/2007, -0/+2I guess the registered users bury it by marking it inaccurate? Although, according to the new setup, a banner is supposed to appear "Warning: The content of this story is under review". I don;t see that banner here........
- ob7ect, on 10/12/2007, -0/+2I wouldn't completely dismiss this a conspiracy.
Keep in mind that a lot of brokerages employ shills, who's sole job is to change public sentiment on a stock, and scare/lure people into positions. Go any yahoo message board, and you'll tons of them telling you to sell your stock (so the brokerage's can buy them back cheap) before the move up. It's not hard to get a story to the frontpage when you have 20 shills making fake accounts and digging stories. - vigil, on 10/12/2007, -1/+3Seems with every progressing week we get a couple more of these conspiracy theory posts. Of course, as one has to out-do the other, they become increasingly crazy.
Gents, please refer to this (http://zapatopi.net/afdb/) for your protection and spare us the usual banter here. Would be nice to see digg go back to actual news rather than promoting some halfwit's fears. - thomashawk, on 10/12/2007, -0/+2While the saying may go "buy on the rumor sell on the news," folks rarely get this right. Digg's amplification is no different than the amplification that stock message boards provide. Professional investors have largely learned to ignore these sources as investment research and recognize that people try to post stuff to influence stock prices all the time.
While certainly some sucker may run out and go buy SUNW based on it appearing on Digg, they will get burned quickly if they consistently do this and quickly learn their lesson.
Personally I think Digg is a great news source and find that as long as you take it all with a grain of salt that it is in fact possible to seperate the wheat from the chaff. It would be chilling to free speech to see a world where only edited news was allowed to be consumed en masse. It wouldn't be legal which is why stock boards flourish today.
Fortunately free speech trumps the fear of stock price manipulation and Diggers will digg on. - thetron, on 10/12/2007, -1/+2You have no official sources to back your claims up. All you've done is promote your blog site on the front page of digg
- Berkana, on 10/12/2007, -5/+6I wouldn't be surprised that this is happening. Wherever there's an unfair advantage to be gained, you can bet on spammers and unscrupulous hackers trying to manipulate the system.
- diafel, on 10/12/2007, -5/+6i was wondering why the same blog was linked to twice with a weak story.
- mschannon, on 10/12/2007, -0/+1This is the dumbest controversy I've ever seen. Like we're so stupid we're unaware of SEC rules regarding illegal boosting of stock prices. The real secret agenda: the one's most often mentioned are from BlogCritics, an on-line magazine. When the editors think an article is worthy of promotion, they submit it to a number of sources and let everyone know. There's no requirement to vote.
Kinda reminds me of something called a democracy...where everyone gets one vote and various groups try to promote their candidate.
Conspiracists of the world, unite! - quetivity, on 10/25/2007, -0/+1Ha Ha, that is really cool. http://www.netfreez.com
- westfall, on 10/12/2007, -1/+2It's pathetic that people digg rumors posted on blogs, most of which are unsourced, unresearched, and plain speculation. I could understand digging appleinsider or engadget for rumors, but not blogs...
- mrgomel, on 10/12/2007, -1/+2That was Meta. Very Meta.
- Jocose, on 10/12/2007, -2/+3Isn't this posting now being promoted? I mean this is on the front page...
- Mesum, on 10/12/2007, -1/+2This is not the first time. Remember how Meetro was promoting it's own software saying the same thing and after few days they got loads of fundings from different companies?
- inactive, on 10/12/2007, -1/+2I agree. But what makes me comment on this one is the fact that it's buried but not under review.
- tdkme, on 10/12/2007, -1/+2I think the next feature on digg should be the ability to un-digg a story and reducing the numbers to take it off the frontpage and get buried! I have dugg stuff, later to find out they are bogus. Then i don't want them in my profile
- Parmon, on 10/12/2007, -8/+9How can anyone keep a straight face after reading that. Dugg
- inactive, on 10/12/2007, -2/+3I got one thought for all of you. Who gives a rat's ass. Google can buy up the whole ***** world for all I care. lol
C;mon guys, I thought you all were smarter than this. Because I saw it on digg, it's gotta be true. What you need to take into consideration is the source of the original story. You can't fault people for submitting it. This is what digg is for. - kungfustickman, on 10/12/2007, -2/+2Does digg need more moderating features? I think the users are the ones who need the upgrade.
- mentor, on 10/12/2007, -4/+4Yeah...but Healthcare? Google? Sounds fantastical...
- r00t4orce, on 10/12/2007, -1/+1Yo TheKidd
nice info there sure I'd like to see how GOOG did during the same period. - mcpaige, on 10/12/2007, -1/+1Digg should check for this kind of thing....and flag it.
- pennystocks, on 10/12/2007, -0/+0Good idea! I should submit my whole penny stock portfolio to Digg.
- insomniak29, on 10/12/2007, -1/+1From the story: "Regardless of the credibility question, it's very odd that all there of these blog posts make it to the Digg.com front page."
This guy obviously doesn't know much about Digg. It's not odd AT ALL for an unfounded, weak, or pointless story to float to the front page. Happens all the time!
(Example: this story) - topcataj, on 10/12/2007, -2/+1Just confirms how easily led the Digg readership is?
As they said in an IT Crowd episode, people in the IT Industry are so suggestable.
Slap up a completely untrue, but interesting rumour, and it'll get dugg it seems.... - cakesale, on 10/12/2007, -2/+1did anyone ever think that this was maybe made up?
- samsite, on 10/12/2007, -5/+4all i have to say is madness!!! it wouldnt be the fist time some one had used the digg for personal gain, but not to this scale. I think some people on here need to step back, have a little think, and then THINK about what they post
- echimu, on 10/12/2007, -3/+2Digg needs some sort of negative system
If someone prompting same ***** stories then story must be send to iggy bin :)
All the time I see Linux, apple, google, Microsoft and basterd blogger trying to gain more prompting their contains (if contains are good then put it)
Even I know some user they will write five lines on their blog and they will submit story on digg and other sites (spam)
We definitely need shameless promotion category -
Show 51 - 69 of 69 discussions
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