HotCopper Gremlins strike again
Posted by: Fringe in Australia, Censorship, Politics, Shares
The powers that be at what was once Australia’s best stock forum, HotCopper, have now decided that no posts on politics, terrorism or war are to be permitted in their General section. One wonders immediately why religion wasn’t included amongst the banned topics, as of the four, it would seem religion has the least relationship to stocks. Perhaps some have an irrational belief in the success of praying for stock gains similar to the rodent’s exhortation to pray for rain as all else has failed. Other mischievous posters quickly noted that sex discussion was still allowed.
Contemporaneously, a General post revealing the use of HotCopper archives for research by a team from the University of Queensland Business School in their paper “Market reaction to takeover rumour in Internet Discussion Sites” published in the March 06 Accounting and Finance journal on the noticeable effect of takeover rumours percolating in the forum was removed almost immediately after it was posted.
The UQ Business School HotCopper research abstract states
The authors acknowledge the assistance of the management of Hotcopper, who made available to us their archives …
We examine the market reaction to takeover rumour postings in the Hotcopper Internet Discussion Site (IDS). Results from the interday analysis show abnormal returns and trading volumes on the day before and the day of the posting. Results of the intraday analysis show abnormal returns and trading volumes during the 10 min posting interval and abnormal trading volume during the 10 min interval immediately preceding it. Sensitivity analyses indicate that the results are robust to concerns regarding potential confounds, credibility and bid–ask spread bias. Taken together, these findings are consistent with the market reacting to the posting of takeover rumours in IDS.
Participants on the HotCopper site are informed in the site’s Privacy Policy that information may be used
for the following general purposes: to customize the advertising and content you see, fulfill your requests for products and services, improve our services, contact you, conduct research, and provide anonymous reporting for internal and external clients.
Have the HC admin has decided the banned topics might unduly influence the market fortunes of the vying parties in the forthcoming Australian federal elections? Political censorship and wowserism at such times is of necessity suspect. Just who is being ‘protected’ by the limits on debate? After all, despite the management attitude, this is not a children’s forum site.
Note to self: must remember to email all Political Science and Political Economy departments of Australian universities to inform them of the limited nature of their areas of study.









From the august
As reported at
Once again, the HC gods have banned the mischievous Fringe for a week, this time for the caption on the Howard cartoon
Mewling net nanny Helen Coonan has been pushing the
Still, one might regard this libtrog piece of wowserism as a flailing last ditch attempt to jerk public interest back to good old safe rightard family values and away from the embarrassing “Who’s Helped the Most Crooks and Who Has the Most Crooks” sacrificial chess game which little Johnny looks to be losing by a resignation or two at present.
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