Stock Sniper Might Have Pumped and Dumped
Also shorting Tether, cost-cutting at Twitter and securities fraud at Danske Bank.
Look, if someone on Twitter or Discord says that he is an expert day trader who has made millions trading penny stocks and will teach you his secrets, then I can tell you his secret. Here it is:
This is called a “pump-and-dump.” I don’t know why people keep falling for it? I guess the pictures of the Ferraris. Also a desire for investing to be easy, for it to be a trick that you can learn from some clever insiders on a Discord. If I tell you “buying stock is about allocating capital to productive businesses and sharing, over the long term, in the value they create for society,” and some guy standing next to a Ferrari on Twitter says “buying stocks is about interpreting mysterious signals that tell you THIS STOCK WILL GO UP 200% THIS AFTERNOON,” his theory sounds more fun, and it certainly sounds like it will make you more money more quickly than my theory. It will make him more money more quickly. Like, the guy is a successful day trader. It’s just that his secret is tricking you.