“It’s really something to see Wall Streeters with a long history of treating our economy as a casino complain about a message board of posters also treating the market as a casino”: AOC
What a show! Smallish traders, by ganging together on Reddit, succeeded fabulously in what famed big short-sellers have done for years in the opposite direction. And it’s pump & dump for both.
Another sign the zoo has gone nuts. “If you don’t have your own SPAC, you’re nobody.”
#TheZooHasGoneNuts: One press release about an EV, but no money, no tech, no prototype, no facilities, no plans, no nothing. Getting pretty thick, even for our crazy times. SEC, are you awake?
Insiders front-run the announcement. Locust-swarms of Robinhood traders pile on top. Taxpayers brace themselves. Shaking my head while holding my nose.
Who the heck bought those shares? Robinhood traders? And who placed this press release and cashed in on it?