written by reader Teeka Tiwari’s Project Deepwave

By michaelhwoods, June 26, 2020

Yesterday, Teeka Tiwari introduced his new trading service, introduced as Project Deepwave. It is a proprietary data mining and software algorithm that looks at after-hours anonymous private trading systems apparently run by authorized members of the financial industry. The pitch alleges that the system is being used by certain well known parties to enrich themselves at the expense of the individual investor by first, misleading the media as to their beliefs and intentions, and then, executing trades through these private exchanges that are the opposite of their public proclamations. He gives several recent examples and names names. This may be a little bit out of your wheelhouse but was wondering about your take on Teeka, this system, and the apparent abuse of a legally sanctioned system that allows this sort of apparent abuse to corrupt the stock market at the expense of individual investors. Thanks for your thoughts. I of course welcome the thoughts of all irregulars.

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