Quote:
Originally Posted by CroFlames
GME was not classic pump and dump. BB, AMC, BBBY and others were IMO.
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They used social Justice and crushing a hedge fund to get the public to pay more than the underlying value of the stock. That the market mechanisms of the hedges having to cover helped accelerate the rise of the price doesn’t change what it was.
A small educated group of people convinced masses of uneducated people to pay more than the underlying value of a stock because it was going up making millions.
Where do you see the difference?