ST Alpha - "I'm kind of shocked that people (scammers) haven't been using Reddit or other sites to pump and dump stocks already. this can't be the first time" (Reading a Post)

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In response to "looks like dogecoin is trying to get on the reddit game -- (link)" by zeitgeist

I'm kind of shocked that people (scammers) haven't been using Reddit or other sites to pump and dump stocks already. this can't be the first time

Posted by Beaker (aka Anniebecca) Jan 28 '21, 04:08

just a "name" company

Responses:

I don't think it's coincidence that it happened just weeks after Jan. 6th. - Max Jan 28, 04:48 5
- This has been building for like a year and a half, it finally just hit critical mass -- (link) - Reagen Jan 28, 05:04 4
  - (Reader mode is your friend) - Reagen Jan 28, 05:07 2
    - Somehow I don't think it's the guy that made $750 that truly drove the price. (NM) - Marlowe Jan 28, 05:30 1
      - In no way. Hedge fund guys are looking for scapegoats for why they got caught with their pants around their ankles. -- nm - Reagen Jan 28, 05:37
  - c&p article please? -- nm - Beaker Jan 28, 05:05
hotcopper for Australian stocks. I’m sure there are others. Usually they stick to penny dreadfuls, easier to swing. -- nm - mafic Jan 28, 04:15 11
- the Gamestop makes sense at the start. with 136% shorted, eventually it would tick up when they started covering; I think the shorters assumed -- (edited) - Beaker Jan 28, 04:21 10
  - I have a question, how can something be more than 100% shorted? -- nm - ty97 Jan 28, 04:24 9
    - You can chain short sellers to create more shares. - spamlet Jan 28, 05:06 2
      - You've really let yourself go, Margot Robbie in a bubble bath -- nm - con_carne Jan 28, 05:32 1
        
        +10 Qale Points -- nm - Qale Jan 28, 07:18
    - this is a reddit post from 4 days ago on the subject (no idea if accurate, but appears to make sense) - Beaker Jan 28, 04:29 5
      - First set of options expire tomorrow. Should be interesting. -- nm - Reagen Jan 28, 04:39 3
        
        ELI5 -- nm - ty97 Jan 28, 05:26 2
        
        When an option expires you have to make the choice to exercise it or let it expire worthless - Reagen Jan 28, 05:36 1
        
        (There's people with options to buy at 0.50 ...like fuck you're not gonna execute that if you can) -- nm - Reagen Jan 28, 05:59
      - another thing I found, ties into the greed mentioned in the above post - Beaker Jan 28, 04:32

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I'm kind of shocked that people (scammers) haven't been using Reddit or other sites to pump and dump stocks already. this can't be the first time

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