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This crap happens all the time on small cap stocks One of the main subreddits for stock speculators (wallstreetbets) had to ban mentioning penny stocks or smal
by VRay 6y ago
This crap happens all the time on small cap stocks
One of the main subreddits for stock speculators (wallstreetbets) had to ban mentioning penny stocks or small cap companies because having all the Reddit gamblers pile into something would act like a pump-and-dump
> As the swashbuckling day trader’s imprint on the market becomes more pronounced, moderators are getting stricter in their policing of the board—or “sub,” for subreddit. One user, who’d been a member for three years without posting, laid out the bull case for Lumber Liquidators Inc. and promised another pick the following morning. Call volumes in the company jumped to 71 times the previous one-month average, with shares rising 18.6%.
https://www.bloomberg.com/news/articles/2020-02-26/reddit-s-profane-greedy-traders-are-shaking-up-the-stock-market https://www.bloomberg.com/news/articles/2020-02-26/reddit-s-...