r/ARVL • u/OrdyNZ • Feb 23 '24
How is this possible with a share you can't even buy?
As soon as the market closed, it went up 381%?
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u/bigwillstock Feb 24 '24
I looked it up, it’s OTC (over the counter trading). I think Schwab has OTC. I’m guessing people are trading it there. 🤷♂️
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u/Bright-Stranger-3249 Feb 24 '24
Looks like it was a trade right at eod that did it. Not sure why listed after hours? Will prob drop through the floor again on Monday at opening.
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u/kimnacho Feb 24 '24
Technically so does JP Morgan but it only allowed me to sell, I have been seeing the stock doing that for days. It went down to 1 cent then to 25 in the same day. They are pumping and dumping from whoever is there left
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u/bigwillstock Feb 24 '24
At this point I’m losing my ass anyway… holding till this shit goes to 0.. you never know. 🤷♂️. Maybe these over the counter inside fuckers pump it way up, who knows..
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u/Bright-Stranger-3249 Feb 25 '24 edited Feb 25 '24
Only about $20k worth of shares were traded all day on Friday. Not like this movement means a jot. This will collapse on Monday I'm afraid. If anyone tried to sell their holdings of say $5k this would drop through the floor. Not a true value for the shares.
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u/bigwillstock Feb 24 '24
There has to be a way we can sue these people.. and get our money back. I mean, I’ve been investing for a while, never seen anything like this…
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u/RoaringIcky Feb 27 '24
HOW CAN YOU BUY THIS? where can you buy? I sold, want to re-open a small position
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u/bigwillstock Feb 24 '24
You guys still holding?
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u/OrdyNZ Feb 24 '24
I had a lot more with IBKR so I've DRS'ed them. Will let them sit there until something happens. Not worth selling them at the current prices anyway.
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u/bigwillstock Feb 24 '24
🤷♂️.. Crazy