RE: No doom and gloom here!10 Feb 2022 08:59
viren1, occasionally you will see with some of the penny shares that the iis wouldn't touch with a barge pole, with no auto trading, the share will spike 2 fold, 3 fold, 10 fold - a 2 bagger, a 3 bagger, a 10 bagger. There are get rich quick investors that spend all their time trawling for hints of certain 'personalities' or tracking certain 'directors'. This is where you find REAL rampers. Real boiler room setups that work in tandem with over hyped exploration [interim] results coupled with very large buys and certain public comments from these well placed people. Sp rises massively, thousands of idiot pis pile in, sp suddenly stops, the large buys have been selling out since the start of the rise as the pis fund the profits. Finally the pis are left with massively overvalued stock which then crashes back. The size of the pis loss is how quick they bail. No pis make money from those organised raids unless they second guess where and when it will happen or carpet bag a wide range of minnow shares. iis have similar campaigns but run such that they are much more factual based, in shares with large amounts moving in an out anyway, and much legal and legit in using published data - although the broker note system where the brokers have private briefings and then release their own summaries is a bit close to the edge of insider trading for me. Always remember, stock markets are very efficient machines for transferring money from pis to iis. It takes a great deal of discipline and keeping a 360 view on everything to make money!