vote up real money - all what's needed is group work Imas said Wall Street is going to have to contend with the fact that this new form of grassroots collaborative investing is changing the landscape.
“Investors have shown they can organize and have the ability to coordinate for kicks, like it’s a game, and can clearly make real money at the same time,” he said.
He added that it doesn’t appear there’s anything illegal with the process, “and I don’t see why we won’t see more of this and why people won’t get together as a group and make some money.”
The coordination “can apply to anything that’s tradeable,” he said.