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Saturday, February 10, 2024 6:30:47 AM
The purpose of stock bashing is usually to drive down the price of a stock so that the stock basher or their employer may purchase the stock at a lower price than it would otherwise be worth.
Stock bashers may target an investment firm that has notes that convert for more shares at a lowered price. If shareholders can be convinced that their holdings are worthless, and bashers can drive down the stock price, the investment firm receives an increased amount of shares. When the stock conversion completes, bashers who have acquired shares through this means will typically sell quickly as prices rise. This is sometimes known as a pump and dump scheme.
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