by veen
Benn Eifert, chief investment officer at QVR Advisors, was initially skeptical that the money behind these online message boards could sway anything. He changed his mind. “At least from the dealers”—the middlemen—“they’ll tell you in big tech names, flows are substantial, and it’s moving things,” he says. Smaller stocks are even more sensitive to sudden bursts of attention.
My sneaking suspicion is that WSB triggers some botnets in just the right way. But what do I know.