Yeah, I was replying to OP's question which was, what happened. You're right, though. This won't fly. I believe the technical term is market manipulation. You get a bunch of people to all buy the same stuff, overinflating the value, and then sell it off.
Agreed. One does not want the SEC/FBI/IRS teaming up to give you an anal covid swab.
And, by the way, I wasn't trying to come across saying it wasn't "questionable" behavior. I was just trying to lay out the facts of the case as best I understood them.
We SHOULD all know how to invest and trade a bit. It can be fun and rewarding, if you do it right. But you have to stay within the law.
Yeah, I was replying to OP's question which was, what happened. You're right, though. This won't fly. I believe the technical term is market manipulation. You get a bunch of people to all buy the same stuff, overinflating the value, and then sell it off.
Agreed. One does not want the SEC/FBI/IRS teaming up to give you an anal covid swab.
And, by the way, I wasn't trying to come across saying it wasn't "questionable" behavior. I was just trying to lay out the facts of the case as best I understood them.
We SHOULD all know how to invest and trade a bit. It can be fun and rewarding, if you do it right. But you have to stay within the law.