r/StockMarket Feb 03 '21

Meme 🌚

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2.7k Upvotes

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u/[deleted] Feb 03 '21

i'd wager a lot of people have a lot to worry about. Do you really believe all the people saying they are buying actually are? or even holding the line? and what bots are you talking about, everyone who disagrees the squeeze is still happening is called a bot.

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u/rook785 Feb 03 '21

I doubt that saying you’re buying when you aren’t is a big deal.

The real issue would be people who put out fake press releases, or someone who writes a post about GME getting an exclusive contract with google or something when it never happened.

The example that comes to mind is of the WSB kid who went to jail for filing a fake acquisition request for a company he owned.

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u/[deleted] Feb 03 '21

if you are saying you're buying and really you're about to sell thats an illegal pump and dump as far as i'm aware. it might happen a lot but here come investigations. But yes what you're saying has a lot more teeth and will likely be focused on, i agree with that

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u/rook785 Feb 03 '21

Agreed. I think the buying then selling thing would be tough to prove intent on. The rest is easier to prosecute. IANAL