Does yahoo message boards really hold that much weight? I mean seriously. I can't imagine how anyone could think that bashing or falsely pumping up a stock on here would affect stock price all but the most insignificant amounts.
yes yahoo boards do carry a lot of weight, I have been called by executives on 3 occasions from posts on yahoo boards, I also sought to overthrow a BOD on one message board and had 10% of the stock pledge to me by email with 24 hrs and in 48hrs was served with a cease and desist order by the company and a lawsuit for breaking SEC rules which was later dropped when I gave them the information they wanted in a deposition and agreed to never post on their board again. So they carry a lot of weight if your posts are of any significance.
It's really a curse because when the SEC identifies you as an influential yahoo message board poster they send in their team of 'naysayers' to discredit your posts. It is quite an operation and has undone some of my finest pumping an bashing work on a host of equities.
Back in 2010 I was trading avidly in an ADR equity (which will remain unnamed) and my posts had spiked the share price some 50% in the course of 3 days of trading long. I had gone on a site visit as a sub-contracted financial analyst and so was unable to respond to the dozens of posts by these shadow naysayers who drove the ADR pps down some 80% and cost me a considerable sum. I sold at some 60% loss and pedged to make it up.
And so I did as I teamed with Paulson in 2008 and began shorting the market aggressively as I moved to GLD. It was a fruitful event and my yahoo message board posts had their intended effect. It's taken five years for the market to recover from my last concentrated effort. A systematic campaign by the shadow government that includes made-up unemployment figures, aggressive shorting of silver, a negative effective interest rate on bank loans, and artificial inflation has reconstituted the market despite my best efforts.