News Focus
News Focus
Followers 1536
Posts 7856
Boards Moderated 4
Alias Born 02/26/2010

Re: OMOLIVES post# 175952

Monday, 08/10/2020 8:03:26 AM

Monday, August 10, 2020 8:03:26 AM

Post# of 234029
You don't need a paid promotion for it to be a pump & dump

The price was pumped up with news, a tweet by the president, social media and main stream news attention, and as you said, a bunch of robinhood trader idiots.

What makes it a pump in dump is the way insiders bulked up their equity holdings ahead of the announcement and the way the debt holder profited off the price action.

It's who profited (and how they profited) off the news/attention and the way it affected price action that makes it a pump & dump.

The chart speaks for itself and it was obvious from the start how it would turn out because it was obvious it was being run like a pump & dump.





Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today