Stock Message Boards (eBook)

Dr. Ying Zhang holds a B.S. in Finance, a M.S. in Information System Management and a Ph.D. in Finance. His research focuses in the areas of behavioral finance, investments, and real estate. He has published articles in several finance and real estate journals, such as Journal of Banking & Finance, the Financial Review, Journal of Financial Research, and Journal of Real Estate Finance and Economics.

Cover 1
Title 1
Copyright 5
Dedication 6
Contents 8
List of Figures 10
List of Tables 12
1 Why Pay Attention to Stock Message Boards? 14
2 A Variety of Stock Message Boards 32
3 About Stock Message Board Posters 52
4 Why Do People Post Messages on Stock Message Boards? 66
5 Modeling the Value of a Stock Message Board 80
6 How to Measure Stock Message Boards’ Activities? 100
7 Patterns in Stock Message Board Posting Activities 126
8 Online Talk: Does It Matter At All? 150
9 Trading Strategies Based on Stock Message Board Information 170
10 Legal Issues Associated with Stock Message Board Posting 186
11 Whisperers Versus Analysts and Implications for Market Efficiency 202
12 Alternative Information on the Internet 220
13 Implications of Stock Message Boards 238
14 The Future of Stock Message Boards 250
15 Literature Review for Stock Message Board Studies 262
Notes 280
Bibliography 288
Index 298
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