Re:GameStop Is Rage Against the Financial Machine
by andoriyu on Wednesday January 27, 2021 @05:21PM
(#25934903)
It's all complicated and up to interpretation to be honest.
Basically, doing any effort to raise stock price beyond it's "proper" price in a coordinating way is a violation. Proving it is an entire another thing. I doubt this is what happening right now. I would like to see anyone trying to prove that ":rocket::rocket::rocket: GME to 1000" counts as such.
However, liability like that is why AMC is forbidden to mention in r/WSB by its name. It's easy to pump and dump that ticket.
This is why many "Let's take over this company with small market cap" threads were removed back in a day.
Basically, doing any effort to raise stock price beyond it's "proper" price in a coordinating way is a violation. Proving it is an entire another thing. I doubt this is what happening right now. I would like to see anyone trying to prove that ":rocket::rocket::rocket: GME to 1000" counts as such.
However, liability like that is why AMC is forbidden to mention in r/WSB by its name. It's easy to pump and dump that ticket.
This is why many "Let's take over this company with small market cap" threads were removed back in a day.