relatedly to B2's end of month HSX rankings ... those who play spite ports (or however else they may call them) ... an observation ...
Posted by
call me Ishmael (aka pacrat)
Feb 29 '16, 15:10
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i just made my way to the very last page of the rankings .... the guy in position 218,345 (of course, all negative gain ports are considered on the site as 'unranked') has a net worth of (negative) -$304,204,558.65.
what's more is that his profile info says he's holding 106 securities and last made a trade on Feb 16th ...
i'm amazed at this sort of thing. players like that must have very few shares of what they're holding. How else would they be able to come up with so much cash and continue such a massive negative movement?
i know, there are ways to accumulate cash, and then use them to short things. for example, i just recently started a spite port and i'm holding max short on a starbond that i know is going to have a huge positive adjustment in a couple of weeks. after the move, i will drop the stock and free up what little cash there is left. it will have a huge effect on the percentages on my port. i guess it's just a matter after that of doing the daily stuff for a few thousand dollars to use on playing other stocks ...
still, it amazes me that people can do so much intentionally going downwards ...
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