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by tomneal
Thu Apr 25, 2013 3:14 pm
Forum: Gun and/or Self-Defense Related Political Issues
Topic: Hacked Twitter Account causes "flash crash" of market
Replies: 26
Views: 2684

Re: Hacked Twitter Account causes "flash crash" of market

Back to the original topic.

When the news came out about the two bombs in Boston, the market dropped then rebounded.
A week later the AP Twitter account was hacked. They used some key words 'two bombs', 'White House', 'Obama injured'
The market dropped then rebounded.
If they traced the buy orders (at the outset of the news) and matched it with the sell orders (as the rumor was declared false) they should be able to find a list of suspects behind this money making scheme.
The good news is that this particular scam won't work again. (At least for a while.)

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