DD Support Board and Research Team

[petermic]

I'm wondering if this board is aware of the social media phenomenom known as Superman or super_trades. He specializes in ‘bringing awareness’ to low float stocks which often see short term 100% price increases.

http://www.super-trades.com/
https://twitter.com/super_trades 14,000 followers
http://seekingalpha.com/author/super-trades

It seems to me his actions ought to be illegal, as he clearly tries to drum up buying in low float NASDAQ stocks, via social media, thereby artificially lifting their prices several times their fundamental value. I am skeptical that he actually believes what he says. I don’t think he ever says things that are specifically untrue, but is quite selective about which facts to publicize.

At this stage of the game, stocks rise on his involvement solely because of his involvement. 14,000 twitter followers is a big buying group.

He also has paid subscribers. I don’t know how that works. He reminds me of Tokyo Joe, but I really don't know if he's doing anything illegal. Tokyo Joe was brought down for violations of Investment Advisor regulations, as I recall.

Lately he's been pumping ARCW, and this week, CAMT. He gets involved, stocks see hugely increased volume.... etc etc. He only recommends very low float stocks and mentions short sellers quite a bit.

He's quite open about his activities. Wondering what you all think about the legality of his activities.