4 ms·

So...a pump and dump then.

• xxpor 7y ago
  Is a pump and dump illegal if everyone's in on the joke though?
  • gruez 7y ago
    I don't think the SEC would buy that excuse. Even on thinly traded stocks there's going to be volume from non /r/wsb participants.
  • bobthepanda 7y ago
    Only way to find that out is through precedent.
• Spellman 7y ago
  I mean, there are definitely those who are trying to exploit r/WSB to do that I'm sure. But at the same time, it's not like there's defacto leaders. It's more once the zeitgeist takes hold mobs of people will, for whatever reason, follow along. I'm sure there are a lot of very smart people trying to figure out how to weaponize this and have their positions locked in before the mobs move the market and time their exits.