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Replies to post #84192 on Magic

Replies to #84192 on Magic
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price_and_volume

06/16/20 7:40 PM

#84193 RE: MWM #84192

Discord Pump-Rooms are working overtime

Gamers-turned-traders, and they all pile into the same thing at the same time, driving volume & price based on NOTHING other than their own buying activity.

They post account-statements like they're 'game scores' and some of them make BIG MONEY each week.

Most have little idea or worry what the 'company' even does, they get in, drive it higher, and race for the exits.

Nothing 'new'... just a new generation I guess.

Interesting kinda: Not too many are on ihub, but they've learned that ihubbers will go crazy making up a bullish thesis for the runup, which can perpetuate it for a bit... but then the ihubbers are left wondering what happened to their thesis when the money is gone!

You can see it all over the boards recently...