RE: Trading opportunity?16 Jun 2021 18:55
Extract taken from the investors Chronicle 2019.
Online bulletin boards
Bulletin board providers are popular amongΒ many private investors β some of whom are incredibly well researched, and some of whom (to put it politely) arenβt. At the lower end of the market, these boards are used to encourage the naΓ―ve to buy into a stock. There are many who have multi-IDs who then literally have a conversation with themselves, in an attempt to generate excitement around the stock.
Should anyone post a contrasting opinion β they are called out as a βshorterβ or a βderamperβ and are the subject of abuse. Worse still, the group encourages everyone to βreportβ the post in an attempt to have the post automatically deleted. This means that anyone viewing the board will only see one positive narrative because the posts that are automatically deleted are not reviewed by anyone. Those who own the bulletin boards donβt care about the actual content of the posts, because theyβre not monetising the boards. What they monetise is the volume of traffic on the site, which they then sell in the form of advertisements and impressions. So, whileΒ the bulletin boards are free to use, there is almost no point in using them. Β
https://www.investorschronicle.co.uk/shares/2019/12/13/avoid-aim-s-traps/