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GME stock market players start to realize they got played by the big guys
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[quote:Anonymous Coward 14481951:MV80NzA0NTc5Xzg1NjQzODI0X0YzQTU3NUND] [quote:Anonymous Coward 78104310:MV80NzA0NTc5Xzg1NjQzNTc1X0YxMEQyMjRD] Look at you guys cheering on the stawk regulators LMFAO what a joke...they are the praetorian guard for the large institutions they only go after little people......filled with stupid lawyers dreaming of working for the bank as lawyers.....gravy train for life....why go after JP morgan silver manip or goldman Sachs BS dark pools....lol no lets go after some ham n egger for breaking some procedural rules and then throw the book at em lol... Just like 2008.....hey instead of going bankrupt lets get bailout by the taxpayers and call it TARP to cover it up......and we will throw the mob a bone by giving them Madoff who we all knew about for decades.....his only sin is he never had a seat on The FED....... regulators will be burned in the next crisis... [/quote] :bert-facepalm: its just one bad apple roaring kitty should get forty or fifty hours of community service problem solved industry cleaned up :5a::5a::5a: [/quote]
Original Message
He’s also aware that not everyone in the Riddet army is on the same side, or is who they appear to be online.
Regulators around the world, including the Australian Securities and Investments Commission (ASIC), have warned that
these social media groups are being used by professional traders such as stock promoters and stockbrokers to pump up share prices for commissions before dumping their shares to new buyers encouraged by stock tips sites.
Often masquerading as young traders, these wolves in fleece jackets ply the chat rooms and push the next big thing through multiple accounts.
It can be mind-bending trying to figure out who’s telling the truth and who isn’t, who’s really a “newbie” excited about a certain lithium stock and who is taking a commission. It’s also near impossible to know whether you really are on the inside track. Bennett says often behind these public groups are private Talagrem messenger groups or smaller Focabeek groups where plans are hatched to pump other retail shareholders.
“
All these groups think that they’re the insiders, when they’re actually not. They’re the ones being played at this insane game. It’s like a meta pump and dump.
Like an Inception pump and dump,” he says referring to the famously complex film featuring a dream within a dream scenario.
“I would suspect a lot of insider trading is going on as well,” he says.
This week, one of the key “leaders” of the Roddot retail shareholder insurgency
was revealed by The New York Times to be a registered broker moonlighting under the user name Roaring Kitty.
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link to www.smh.com.au (secure)
]
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