NoHo Inc (DRNK)

[Druv12]

We hear this a lot in $DRNK topic around social media.

Fake users on message boards are always trying to mess with you. These people can be bots or paid trolls employed by hedge funds or banks.

In the case of a buyout, their goal is to get you to sell. They do this in many ways, but the “Sell this, buy that,” technique is quite common.

They’ll say something like, “I’m so glad I sold $XYZ1 and bought $ABC2.”

Or, “This stock is garbage, I sold it and made my loss back with $ABC2.”

Their goal is to funnel you into a stock that appears to be good. The chart is almost the complete opposite of your stock. While yours has been inexplicably in the red for weeks or months, this new stock they’re pedaling is always in the green.

$ABC2 looks amazing. It’s up almost every day. It’s rallied 100% this year. All the social media posts are bullish.

But if you were to dig into the company a bit more…you’ll often find it’s not that great. Although it’s not necessarily a fraud. They might make some money, but never enough to justify their lofty valuations. Wall Street pumps these semi-fraudulent companies, funnels frustrated investors into them, and then dumps their position.

Months later, while you’re still bagholding $ABC2, someone buys out $XYZ1.

Wall Street screwed you. And all those users that told you $XYZ1 was the next best thing have deleted their posts or vanished entirely.