Pump and dump is when you talk other people into buying while you intend to sell. If you buy too, it isn't pump and dump.
OTOH, the short sellers are involved in a sort of inverse pump and dump where they want to convince everyone to sell so they can buy cheap. That SHOULD be illegal but isn't (yet). But that wasn't enough, so now they're trying to FORCE others to sell (or at least stop buying) so they can buy it up cheap. They're just ticked off because it isn't working so far.
FUBAR (Score:5, Informative)
When AOC and Ted Cruz are on the same side of the table you know things are seriously fucked up.
Re: (Score:3)
Not everything is partisan, some things are just bad.
Re: (Score:0, Flamebait)
Right. Pump and dump schemes organized in online forums are bad. AOC and Cruz are both on the wrong side of this.
Re: (Score:2)
Pump and dump is when you talk other people into buying while you intend to sell. If you buy too, it isn't pump and dump.
OTOH, the short sellers are involved in a sort of inverse pump and dump where they want to convince everyone to sell so they can buy cheap. That SHOULD be illegal but isn't (yet). But that wasn't enough, so now they're trying to FORCE others to sell (or at least stop buying) so they can buy it up cheap. They're just ticked off because it isn't working so far.
Re:FUBAR (Score:2)
It's called a poop and scoop. Short selling, especially massive short selling, has the additional twist that you *have* to do the scoop.
Re: (Score:2)
Thank you. It's nice to have a name for it.
Re: (Score:2)
I had to look it up. It's a great name though.