/biz/ pump and dump

>>1736554
>why don't /biz/ get together and start pumping extremely low float stocks
We do this all the time with cryptocurrency

>>1736558
cryptocurrency don't move much in a day

need something like a low float OTC stock or some low float listed stock no-one ever trades

>>1736554
That is actually a hell of a lot harder to coordinate then it looks and that is not how markets work.

>All sell at the same time

What if, once everyone puts up their sell orders, there are too few buyers for your sales to go through?

>We all buy a little of a stock

And what if that still doesnt push up the price enough?

What if 1000 buy orders at 3 cents more then the stock price pushes it up 5 cents, then it evens out? That would hurt the confidence of the group, and people would stop trusting the PnD.

Again, coordinating such an event would also be a hurdle. If you get 1000 people looking at this thread, chances are only 100 would be willing to take a small amount of risk on this. Of those 100, even fewer would be willing to market buy a good amount, which would limit the amount of the stock price rise.

It would ultimately be doomed to fail, just by the statistics alone. Most stocks have several hundred thousand shares.

>>1736558
In real time. It's fascinating to watch over the course of 30 minutes some shit memecoin get bumped up to a 5000% price gain, then all the suckers get sucked when the bagholder bails.

>>1736571
this CAN WORK.

take a look at SRSG (OTCBB exchange)
its priced at about $3, and theres only a float of 45k.
on 1/6/2017 it moved from $3 to $4 with only 1000 volume.
if 200 people just buy 50 shares of it, we can move this shit up by 50% then dump it when the idiots come jumping on

>>1736558
https://investor.gov/protect-your-investments/fraud/types-fraud/pump-dump-schemes

Also this. Crypto is unregulated. Stocks are regulated out the ass.

>>1736554
It's illegal and this shit board is already 80% pump and dumps and shitcoins