We didn't allow discussion of any stock for quite a while. This was done because we didn't want to have to worry about influencing the stock price in someway, and bring in any SEC concerns of being able to manipulate stock prices.
However, fairly recently we decided that our community is small enough that it really isn't much of a concern. With that, we do allow specific stock discussion. This doesn't change anything in regards to someone coming in and spamming us with some pump and dump stock that they will gain a benefit from posting. We will still consider that spam, and remove it as such.
I might consider a rule where if the stock has a normal daily volume under 100k shares, the poster should quantify that in his post because such an illiquid stock could easily be manipulated by the FWF community. Then again, we are all adults and should be smart enough to check such data before making an speculation based on an internet post.
tripleB said: I might consider a rule where if the stock has a normal daily volume under 100k shares, the poster should quantify that in his post because such an illiquid stock could easily be manipulated by the FWF community. Then again, we are all adults and should be smart enough to check such data before making an speculation based on an internet post.
Probably best to support members putting as much info such as this in the quick summary.
I support this but don't trade stocks at all - I'm too risk adverse, probably as a result of my corporate culture - but still....I think it's a needed and good change for the FWF community.
ls7corvete said: tripleB said: I might consider a rule where if the stock has a normal daily volume under 100k shares, the poster should quantify that in his post because such an illiquid stock could easily be manipulated by the FWF community. Then again, we are all adults and should be smart enough to check such data before making an speculation based on an internet post.
Probably best to support members putting as much info such as this in the quick summary.
Start good habits now.
Good idea, I updated the QS page and added the point MarsdenFubar made (I paraphrased it)
I guess it is up to FW mods if they want to produce more guidelines than this, or if we should self-define them (such as tripleB's suggestion)
I guess I'm in the minority here, but I'm not that thrilled. There are so many stock discussion boards out there, none of which have the quality of (non-stock specific) financial discussion that FWF does. Even if the quality of stock discussion on FWF proves to be excellent, it'd be a shame to have FWF turn into a stock board and have the other discussions get buried.
nctx
New Member
posted: Oct. 15, 2009 @ 1:16p
fyi
You can discuss individual stocks now, but you still can't pump your own stock in hopes of raising its value. Make sure you word it so that it doesn't look like you're promoting it.
ThePessimist said: I guess I'm in the minority here, but I'm not that thrilled. There are so many stock discussion boards out there, none of which have the quality of (non-stock specific) financial discussion that FWF does. Even if the quality of stock discussion on FWF proves to be excellent, it'd be a shame to have FWF turn into a stock board and have the other discussions get buried.
I agree, and to mitigate that, stock should not be allowed in hot deals / finance or anywhere else
it should have its own separate forum, those who are not interested will simply not go there
ThePessimist said: I guess I'm in the minority here, but I'm not that thrilled. There are so many stock discussion boards out there, none of which have the quality of (non-stock specific) financial discussion that FWF does. Even if the quality of stock discussion on FWF proves to be excellent, it'd be a shame to have FWF turn into a stock board and have the other discussions get buried.Relax. All FWF is going to discuss is the VICEX fund anyways...
theman2 said: ThePessimist said: I guess I'm in the minority here, but I'm not that thrilled. There are so many stock discussion boards out there, none of which have the quality of (non-stock specific) financial discussion that FWF does. Even if the quality of stock discussion on FWF proves to be excellent, it'd be a shame to have FWF turn into a stock board and have the other discussions get buried.Relax. All FWF is going to discuss is the VICEX fund anyways...
tripleB said: I might consider a rule where if the stock has a normal daily volume under 100k shares, the poster should quantify that in his post because such an illiquid stock could easily be manipulated by the FWF community. Then again, we are all adults and should be smart enough to check such data before making an speculation based on an internet post.
let's start the discussion with citigroup since the volume is over 757M daily.
davef139
Senior Member - 3K
posted: Oct. 15, 2009 @ 3:07p
ThePessimist said: I guess I'm in the minority here, but I'm not that thrilled. There are so many stock discussion boards out there, none of which have the quality of (non-stock specific) financial discussion that FWF does. Even if the quality of stock discussion on FWF proves to be excellent, it'd be a shame to have FWF turn into a stock board and have the other discussions get buried.
There is a thread for this. Although 90% turns into making fun of IYHTA and DavidScubaDiver
ThePessimist said: I guess I'm in the minority here, but I'm not that thrilled. There are so many stock discussion boards out there, none of which have the quality of (non-stock specific) financial discussion that FWF does. Even if the quality of stock discussion on FWF proves to be excellent, it'd be a shame to have FWF turn into a stock board and have the other discussions get buried.
Seriously. Between the blog posts and political discussion, did someone decide the Signal to Noise ratio in FWF was too low?
davef139
Senior Member - 3K
posted: Oct. 15, 2009 @ 3:33p
tripleB said: I might consider a rule where if the stock has a normal daily volume under 100k shares, the poster should quantify that in his post because such an illiquid stock could easily be manipulated by the FWF community. Then again, we are all adults and should be smart enough to check such data before making an speculation based on an internet post.
Where would the FUN and PROFIT be in those posts then?!
dshibb
Senior Member - 2K
posted: Oct. 15, 2009 @ 3:38p
Another vote for sub forum, as much as I would love to have my stock discussions commented by the more members in the finance section. It still isn't good the forum.
agree on sub-forum, but think that stocks aren't the best fit for us having fun on FW Finance
MikeR397
Senior Member - 3K
posted: Oct. 15, 2009 @ 8:07p
Finally.
golf247
Addicted Member
posted: Oct. 15, 2009 @ 8:13p
squid3 said: theman2 said: ThePessimist said: I guess I'm in the minority here, but I'm not that thrilled. There are so many stock discussion boards out there, none of which have the quality of (non-stock specific) financial discussion that FWF does. Even if the quality of stock discussion on FWF proves to be excellent, it'd be a shame to have FWF turn into a stock board and have the other discussions get buried.Relax. All FWF is going to discuss is the VICEX fund anyways...
Don't forget GFE! Not to mention HNB and PICS. I see these stocks mentioned all the time on this forum.
Got to say I'm really, really surprised. I'll be surprised again if the powers-that-be don't reconsider by the end of the year.
A subforum is a virtual necessity. Even so, the risk is high that pumpers and dumpers will ruin the idea.
Still can't believe it. Is the Finance section that dull that FW thought it necessary to allow specific stock discussion to liven things up ...
Trading stocks was a significant part of my income until relatively recently. And during my years of trading I never did find a stock discussion area that wasn't infected by shills. I'm afraid that as small as FW Finance is, the shills will find their way here, too.
davef139
Senior Member - 3K
posted: Oct. 15, 2009 @ 9:53p
I don't see it being much of a problem you can usually tell someone whos trying to pump a stock, not to mention they probably wouldn't have read the rules anyways. I think there should be a ban on creating specific topics of "Should I buy XXX". But the ability to talk a bit more freely in certain threads where its already happens is much nicer.
ThursdaysChild said: MVP9596 said: ...If it becomes a huge deal, we'll look into options then.... First stock, then options. Where will it end?
It will end with FW selling "real estate" on their website for increasingly higher prices. FW Finance users will loan out money to fund these transactions.
FW will also then sell insurance against it's debt. It would probably be something really cool, like a complex financial instrument where the buyers will pay a premium and should FW default on their credit, the buyer would swap that for a nice payout. It would probably have a really cool name and maybe even an acronym that would be conveniently similar to a nice, stable low-risk investment.
I'm just not sure this scenario could ever happen..times are so good at FW right now...
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