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Shill

To promote a position or project to benefit your own holdings, or the person doing it.

Shilling ranges from an undisclosed paid promotion to simply talking up something you own without saying you own it. The common thread is a hidden incentive: the speaker gains from your buying, and you are not told.

Disclosure is the whole question. Someone who states their position and then argues for it is giving you a view you can discount appropriately. Someone who does not is selling. In regulated markets, paid promotion without disclosure can be a criminal offence, and it is standard practice to assume undisclosed enthusiasm about an illiquid asset is paid until shown otherwise. See finfluencer.

Related: pump, exit-liquidity, finfluencer, social-proof

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