Forum Topics Share Price Manipulation
Wini
Added 4 years ago

I remember that first RFT pump years ago. As a shareholder of a stock that previously did a few $k shares a day, it was quite something to do several hundred $k turnover for a few days and the price to more than triple.

Unfortunately I was too naive at the time to recognise a P&D so I didn't sell anywhere near as many shares as I should have.

Impressively, RFT is now back at those pump price highs, so slow and steady can win the race. A P&D is much more fun though!

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Noddy74
Added 4 years ago

This AFR article is well worth a read. It hits all the high notes managing to get 'pump and dump', 'dummy bids', 'HotCopper' and 'share manipulation' into the one article. Rectifier, AVZ Minerals and BlueChiip were just a few of the stocks targeted. I love how it describes HotCopper as "a website for traders notorious for inflammatory commentary". The alleged offences are pretty old but nevertheless still relevant.

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CanadianAussie
Added 4 years ago

I'll be very curious to see, probably many years down the road, what companies and people come out of the Covid investing hype and subsequent P&Ds. I have a few I wouldn't be surprised to see. The young man referred to towards the end of the article is a polarising figure on Twitter. He was caught, among other things, trying to sell his "investment research" for $500 to retail investors.

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