GGP had a poop n scoop. Has it moved to Argo now..14 Apr 2021 00:41
... insight from GGP bb.
Simple @RTC £200m was incorrectly ‘removed’ from GGPs market cap by a sophisticated attack, know in the biz as ‘poop and scoop’. They don’t often work and are difficult to pull off, but a confluence of factors enabled GGP to temporarily succumb. An equity sales team trolling ring attacked sentiment on here, which along with falling gold price crushed a lot of PIs, who capitulated under pressure sub 22. The sp was controlled and artificially suppressed, but the tactic failed when they ran out of sellers in the 18s.. so they switched upping the price instead to pull out sellers to fill a large background order.
Then suddenly 1000s of angry PIs jumped back in. And hey presto back at 23.5p. Could move swiftly tomorrow to 25 now. I think many are watching these shenanigans in total disbelief. Add a bit of short squeeze in there too, on the leveraged accounts, and as ‘Batman of the Aim’ said’... Ka-Pow!!!
Two key stock manipulations are:
1. Pump and Dump
Pump and dump is a manipulation technique that is used frequently in order to inflate the price of security artificially. The manipulator then sells out, and followers are left with an overvalued security. This works on stocks with micro-market capitalization.
2. Poop and Scoop
The poop and scoop technique is not as frequently used as the pump and dump. Here, the price of the stock of a medium or large-cap company is artificially deflated. Once it happens, the manipulator buys the undervalued shares, thus making a profit.
Poop and scoop is rarer because it is significantly tougher to artificially affect the prices of a good company.
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