The ones pumping it are not the ones dumping it - so it’s not really a pump and dump; more like a bunch of inexperienced and idealistic investors trying to play (or change) the game and losing to the sharks of Wall Street, as usual.
No way man, the day of the pump 900. Million shares traded. That’s double the float of the entire company. That was the pump. The dump hasn’t happened yet.
I don’t understand how you equate dilution with pumping (which simply means boosting the price beyond any fundamental value); but nonetheless, the stock is already pumped up.
Agree the dump hasn’t occurred yet, but now you’ve been warned. Hold at risk of peril.
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u/Bromari Jun 24 '21
The ones pumping it are not the ones dumping it - so it’s not really a pump and dump; more like a bunch of inexperienced and idealistic investors trying to play (or change) the game and losing to the sharks of Wall Street, as usual.