Some activity appears to have been orchestrated via social media platform Twitter, where clusters of day trader accounts tagging the SpectraScience ticker symbol — SCIE — spoke in bombastic terms about the stock and their recent investments as they discussed so-called ‘penny plays’.
One account under the name Alexander Delarge, which had amassed around 50,000 followers, tweeted a post encouraging users in late January to buy the stock, adding that it was likely to go to $1.
“Ill be buying a million shares at a Dollar showing my buy order to keep it going! As we all should!” the user wrote.
Among later tweets by the same account, one showed a screenshot of a portfolio of 5.5m SpectraScience shares saying it had gained 50 per cent in one day, adding: “Let the haters watch when this blasts off!”
Another highly-followed day trader account by the name of Canadian Jennifer, also joined the chorus in early February. “Yes I bought more! I’m not telling you to buy it. I’m just posting what I SEE and that I’m holding. When my instincts kick in I listen,” the user wrote
——— Referenced tweet:
$scie Price target!! If you buy the ask Sell the ask 100% play fair!! $scie will hit $1.00 Tomorrow and Ill be buying a million shares at a Dollar showing my buy order to keep it going! As we all should! This is how you get rich killing cancer! #buysciepic.twitter.com/dyXwETJ0oY