Hacker News Reader

If you want to label it, it's more 'pump and dump' than front-running isn't it? I understand the latter to be broker (or whoever) trading with knowledge of, ahead of in time, in front of, other orders? I.e. exactly the opposite of 'follow-the-leader'

View on HN

It's certainly not frontrunning. Any time securities trading comes up on this site, there's at least one person trying to claim that X thing is frontrunning when it isn't even close to being able to be called that.

In practice, they want to be the first people to experience the price movement on newly public information, so you're right it wouldn't be front-running, my (incorrect) interpretation was that they would 'get in front of the trade made by C*O of fictional company before anyone else notices'. It's also not considered tailgating since they have no financial relationship with any of the executives, and acting on these fully disclosed positions would be completely legal.

Reply on news.ycombinator.com