that the corporate watchdog had been joining “pump and dump” chat groups on messaging apps such as Telegram to warn day traders they could face steep fines or even jail time for participating in the illegal trading schemes.
Screenshots of the Telegram pump and dump group for September 16 show how the group actively worked to push up Locksley’s shares: “Pump target: Break 100%++ or 0.45 BUY NOW and SEND IT TO THE MOON. BUY AT MARKET OFFER to avoid getting left behind.”The other companies listed by ASIC were Marquee Resources, TTA Holdings, Albion Resources, Aruma Resources, Australasian Metals, Ozz Resources, Tempest Minerals, Culpeo Minerals, Jayex Technology, Western Gold Resources and Aura Energy.
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The 14 stocks targeted this year by pump-and-dumpers on social mediaOver a six-week period a chat group on messaging platform Telegram wreaked havoc on the ASX, working together to push up share prices before dumping the stocks on unsuspecting traders.
Source: smh - 🏆 6. / 80 Read more »
The 14 stocks targeted this year by pump-and-dumpers on social media“Pump and dump” schemes involve co-ordinated moves by groups of investors to push up the value of a stock before dumping the shares en masse for a profit. Sarah Danckert looks at which were targetted this year asx australianshares sharemarket asic ... What would this Age reporter know? Does she know the difference between turnover and profit? LoL. $AAJ 😂😂 Buying into speculative plays is one thing but stocks that are typically susceptible to P&D's are only so due to in-house orchestrations.
Source: theage - 🏆 8. / 77 Read more »
The 14 stocks targeted this year by pump-and-dumpers on social mediaOver a six-week period a chat group on messaging platform Telegram wreaked havoc on the ASX, working together to push up share prices before dumping the stocks on unsuspecting traders.
Source: smh - 🏆 6. / 80 Read more »
The 14 stocks targeted this year by pump-and-dumpers on social media“Pump and dump” schemes involve co-ordinated moves by groups of investors to push up the value of a stock before dumping the shares en masse for a profit. Sarah Danckert looks at which were targetted this year asx australianshares sharemarket asic ... What would this Age reporter know? Does she know the difference between turnover and profit? LoL. $AAJ 😂😂 Buying into speculative plays is one thing but stocks that are typically susceptible to P&D's are only so due to in-house orchestrations.
Source: theage - 🏆 8. / 77 Read more »