Robbing f—- idiots of their money

[otctrade]

These clowns got lucky that the pandemic came along and the Govt handed out a boat load of cash. This just proves the $ handout was a big mistake. People spent their 2 grand on penny stocks.

 

[TheDawn]

The highlight of this article is looking at all the tacky handles of those social media influencers and imagining how stupid they would look in an SEC report. LOL

 

[Laissez Faire]

Human nature doesn't change!

Reminds me of the following quotes from Jesse Livermore which seems as applicable today as then:

"I learned early that there is nothing new in Wall Street. There can't be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again. I've never forgotten that."

"The pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes."

 

[KCalhoun]

Sounds like crypto lol.

 

[ElCubano]

I remember a South Beach trading institute doing this in 00-2005. The subs paid $900-$2,000 a month to get screwed by pre-bought shit they shorted and sold. Tokyo J did the same but on a much more tiny scale compared to these crooks.

Dan Dorf in the 80s or 90s?

“
Ianthe Jeanne Dugan
Washington Post Staff Writer
Thursday, January 6, 2000; Page A01

NEW YORK, Jan. 5—In the brief history of online stock chat rooms, nobody has made more of a name than "Tokyo Joe."

“That question was answered today with a resounding "no" by stock regulators. The Securities and Exchange Commission filed civil fraud charges against Park, alleging that he used his vast influence to pump up the price of stocks just before he sold them and lied to members about his performance. The SEC said Park made "substantial profits" but many of the trades involved low-priced stocks. While providing no estimate of Park's profits, the SEC provided examples of 10 cases in which he appeared to make profits totaling tens of thousands of dollars.”

https://www.washingtonpost.com/wp-srv/WPcap/2000-01/06/070r-010600-idx.html

I remember Tokyo j . He had a Tokyo Joe coin way before Bitcoin hahah

 

[Cuddles]

their problem was not being billionaires to garner support and getting called "smart"

 

[Rams Fan]

their problem was not being billionaires to garner support and getting called "smart"

In my opinion, these guys did nothing wrong.

I have no compassion for the unwashed masses who come to Wall Street and don't bother to educate themselves. I read a tweet yesterday in my feed by some woman who has been trading for about two years and was "shocked" by this news. She even runs a trading podcast apparently.

Two years of trading penny stocks and you haven't figured out that first there is the pump, then the initial dump, then the panic buy, then the real dump?

If you are not capable to recognizing patterns, you had better find something else to do with your time and money.

Reminds me of the following quotes from Jesse Livermore which seems as applicable today as then:

"I learned early that there is nothing new in Wall Street. There can't be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again. I've never forgotten that."

"The pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes."

100%

These clowns got lucky that the pandemic came along and the Govt handed out a boat load of cash. This just proves the $ handout was a big mistake. People spent their 2 grand on penny stocks.

lol no, but thanks for playing.

 

[smallfil]

If you are in the stockmarket, you have complete and full control of where you invest or which stocks to trade. It is not the place for egotistical, little boys who want to play with the big boys (hedge funds, mutual funds, banks, brokers) who are all heavily capitalized and can withstand deep drawdowns to their capital that retail traders without even any semblance of risk management are trying to beat. You are delusional if you believe you will take the hedge funds monies as opposed to them taking all of your monies.

 

[VEGASDESERT]

pump and dump has been around forever.

nothing new under the sun..

 

[Bad_Badness]

If you are in the stockmarket, you have complete and full control of where you invest or which stocks to trade. It is not the place for egotistical, little boys who want to play with the big boys (hedge funds, mutual funds, banks, brokers) who are all heavily capitalized and can withstand deep drawdowns to their capital that retail traders without even any semblance of risk management are trying to beat. You are delusional if you believe you will take the hedge funds monies as opposed to them taking all of your monies.

Besides the deep pockets, you are competing against a TEAM who play against other TEAMS. They work all day, day after day, refining their tactics and strategies with decades of institutional knowledge.

It is like a spectator jumping into the pro league to play, when they can't even make it to qualify, to try out for the third-tier farm league.