/biz/ - Business & Finance

This board simultaneously has the highest and lowest IQ posters on the entire site

>>29620910
I think it was a chatroom P&D

The AH movement was an obvious algo up to the dump at 200.
The only reason it didn't collapse was because of the amazing amount of fomo that still existed and irrational exuberance. That's also what made it so easy to move the float at a low volume point in the day.

I think it will probably dump at open, and hard. There's no way Wall Street hasn't been thinking about what to do if this happened again.

Let's entertain that idea:
>RoninHood and eToro don't restrict trading
>GME goes up to 1000 $ or maybe even more
>more retards FOMO at the top
>Redditors keep circlejerking over "muh short squeeze" and wait for GME to be valued 5000+ $
>price goes down
>FOMOtards and redditors still lose millions
>Melvin goes bankrupt
>other hedge funds, including BlackRock make even more money

hold me

my -4k bags are heavy

AFAIK this is illegal on stocks, but can you do this on shitcoins legally? If we can, what if we opened up a TG where we could PnD all together shitcoins? We would all orofit from this. I know what you're thinking, every TG channel that does PnD makes admins richer and anyone else poorer because the admins put loads of moneyin before anyone else. I have an easy way of circumventing this problem in two ways:
1) I can make a bot that picks random low mcap low value coins and publishes at a certain fixed interval the names, so everyone buys
2) I'd be the admin, and I'm a poorfag so at first I couldn't affect the PnD even if I did manage to know what'd be the next pick.
Anyway I'd publish the code or something so you'd know it's legit.

Oh, obviously if it's illegal we might just make this TG channel and its bot on Minecraft

>>22741590
I lost the most money on penny stock gambling because I didn’t know how to properly play pump and dumps.
I was supposed to play like a game of hot potato.
Now I love pump and dumps byfc and solo were good ones

>>21324776
You can make lots of money on these just remover to pull out

>>21279605
I've already made it. How do you think I know what a scam this is?

>>21234703
It works well on momentum stocks like how wkhs was during the run up from 5 to 20
Keeps you from catching the top since I noticed the to is usually in the morning

Is this board full of nothing but children? Because the amount of idiots I see falling for obvious pump and dump schemes is nothing short of astounding. And if you are one of the schemers, fucking kill yourselves you pieces of trash, and then get a real job.

But for real how does one of the oldest tricks in the book keep roping fools in? Did none of you even take a basic economics class or even read up on it? This shit is not all that complex or clever and guess what, if someone comes to you with a SPECTACULAR DEAL BRO! DON'T MISS THE BOAT BRO! TRUST ME! sales pitch, guess what? If it sounds too good to be true it probably is. Because the last thing you do when you find the golden goose is share it with random strangers.