New Comment Policy

For about three or four years now the quality and quantity of comments on this blog has dropped. Earlier, there used to be some rather insightful discussions here in the comment section. Nowadays, people don’t seem to leave too many comments here. And I’m also a guilty party – for one I don’t promptly reply to comments on my blogposts, and I don’t usually leave comments on others’ blogs – preferring to add my two naya paise over twitter instead.

Also, of late I’ve been getting a lot of anonymous and sometimes abusive comments. So far I had tolerated them but henceforth will be marking all such comments as spam. Essentially I’ll be following a simple rule – if you leave a comment without leaving your name the comment will not be seen here for way too long. That will also be the case in case I feel that the comments are not adding to the discussion.

The best thing you can do while leaving a comment is to login – openid has been enabled and you can use the login of your own blog to leave the comment here. Next best thing is to leave your valid email id. If your comment follows neither of the above two conditions it will not be approved.


One thought on “New Comment Policy”

  1. You are seeing this from a perspective of a “financial innovator” ( I call it fraud ). See this from the perspective of an individual investor or from an investor who pools up “retire” funds ( a person’s life savings ) in this game and why exactly this is designed to loose.

    I am looking @ the algos in particular and not “speed”. Let’s say some one wants to buy 100,000 shares of Intel with a limit price of 19.90$ a share. Buyer will accept any price upto 19.90$ a share. Assume current market price as 19.50$ or 40 cents lower.

    The computers determine through their algos for the desire to buy up Intel shares. They come up sellers to sell first @ say 19.60$. If this gets eaten up, then they sell the next bunch say this is @ 19.70$ and so on, until the computers decide to sell @ 20$ a share. At this point the cancel order is issued and algos determine the price to sell is at 19.89$

    Problem ( Frauds ):

    1) There is no real legitimate seller for any of these prices.
    2) Blatant market manipulation by accessing hidden information such as the limit price of the buy order
    3) Buyer in above example has got screwed by 39 cents a share
    4) If the move goes downside, people invested in 401k or other pension funds are literally screwed.

    5) If people loose life savings, be prepared for social unrest, starting with arresting of “financial innovators”.

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