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by dragonwriter 1143 days ago
Most pump and dump schemes present themselves as intelligence/analysis; there is no content-based objective differentiation, just intent and good-faith.

But, actually, some of the WSB stuff is openly coordinated strategy, not intelligence, overtly seeking to manipulate enough action to cause an outcome, not providing intelligence/analysis on what os likely to occur without active intervention
1 comments
smcn 1143 days ago
None of the successful stuff is coordinating a pump and dump. You may get the odd post where someone does try but it doesn't go anywhere.

> But, actually, some of the WSB stuff is openly coordinated strategy, not intelligence, overtly seeking to manipulate enough action to cause an outcome, not providing intelligence/analysis on what os likely to occur without active intervention

That would not be correct, no. If you're talking about trying to trigger a short squeeze then that is mechanically different from a pump and dump.

A short squeeze does not require the participants to raise the price, it requires a restriction of the publicly available float in order to trap "shorts" and then, when their options expire and they must purchase the shares to satisfy the contract, it creates a massive demand for shares on what is now an illiquid stock and this results in the price rising.

There have been many occasions when they have tried to squeeze a stock but I have not seen one where they have tried to attempt a pump and dump.

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dragontamer 1143 days ago
> None of the successful stuff is coordinating a pump and dump.

Memes are the mechanism to pump.

Selling when everyone else is still meming is the dump. The masses support the prices while you leave and take profits. Its basically a transfer of wealth from apes to the meme-leader (ie: the one who made the meme and pushed it to be popular)

And its 100% blatant. Thats what this whole topic is about: WSB doing a rug-pull on his own community through a cryptocoin.

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smcn 1143 days ago
Memes are information, that's all. Just a way of imparting information in an easily digestible manner. You are really deep into this belief and it's pretty surreal.

It's easy to rug pull a cryptocoin that you created. It is not easy to pump and dump stocks with over 500m market cap. WSB is open, I wish you'd just take the time to debunk your own beliefs.

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dragontamer 1143 days ago
"Pumping" means giving information (true, or false) to pump a stock.

The pump (meme the stock up), then dump (aka: Roaring Kitty becomes a millionaire). That's it. Its really straight forward. The question is how many people can you trick or rope into the scheme, that's all.

"Boiler Rooms" in the 90s did the same thing, just with far less efficiency than WSB. That's all I'm saying. WSB is the "best" at the job. Yeah, spreading rumors (some true, some not), but all for the purposes of making the rumor-spreader more money. Just because YOU call it a "meme" doesn't change the fundamental rumor-spreading behavior here.

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