4 ms·
Huh, you're right I went and double checked the law. What I said above is completely legal you just need to disclose you own X penny stock. So random person w
by dubcanada 6y ago
Huh, you're right I went and double checked the law.
What I said above is completely legal you just need to disclose you own X penny stock.
So random person with a bunch of followers can legit buy a million dollars of a stock, go on twitter spouting about it (even though just the increase of mentions are likely to make it become more noticed and thus gain value) and make a bunch of money.
That's fantastic...
- tim333 6y agoIt's buyer beware. Yeah if you own a thing and people will buy it off you at a high price when you tweet buy then you can make money.
- neom 6y agoYou can also legally do the inverse of this, short a stock, say you are short the stock, and then tell people how much the business sucks so it goes down and you make money.
- toomuchtodo 6y agoSee: Hindenburg Research, Muddy Waters Research
- atat7024 6y agoNot just "can", this happens on Twitter, Instagram, Stocktwits etc daily.
- jonplackett 6y agoIsn't this literally just what happened with wallstreetbets