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I wonder if these guys were on r/wallstreetbets, I am seeing more and more blatant pump-and-dump schemes, this time in claiming "short squeeze" and writing call
by tomatowurst 5y ago
I wonder if these guys were on r/wallstreetbets, I am seeing more and more blatant pump-and-dump schemes, this time in claiming "short squeeze" and writing call options that never materialize.
- IAmGraydon 5y agoWSB is basically a marketing forum for pump and dump schemes now. There are hundreds if not thousands of entities trying their hand at it. I mean - even Elon Musk is doing it. Remember what Michael Burry said before the 2008 crash: one hallmark of a bubble about to collapse is fraud running rampant. It happened in the late 1920s, in the runup to 2008 and it's happening again now.
- gralx 5y ago> ... one hallmark of a bubble about to collapse is fraud running rampant. Famous shortseller Jim Chanos says the same.
- ShivShankaran 5y agoThere was one couple of days back about a grilling company: New account, evoking emotions, hundreds of awards in couple of minutes, promising short squeeze. Other than that the whole subreddit is just retailers losing all their money.
- swarnie 5y agoIf i recall that post was called out pretty quickly, the top post on the sub for that day was informing others about the scam thread. I'm not saying WSB hasn't got a moderation/quality problem but some people on that sub aren't total idiots.