After so much pumping lately, why not create a topic about the Pump stocks?
Disclaimer: Pump/Dump is an illegal activity in US and in other countries. The US financial regulator, SEC, already announced investigations in GameStop stock. And in US, they take that very seriously.
Yesterday Pump stocks:
Some Bloomberg news articles about this phenomenon:
Nokia joins GameStop and BlackBerry as Reddit-trader favorites.
This is how a penny stock suddenly exploded with 451% gains.
A bit of off-topic:
- Robinhood investors are realizing they owe a lot of taxes.
A side effect about the pumping mania, financial instability and trading platforms instability due a very abnormal volume.
Note 1: Chasing Pump/Dump stocks is a very speculative and risky strategy. Caveat Emptor!
Note 2: PUMP and DUMP aren’t stock tickers/symbols.
Disclaimer: Not invested on any these stocks.