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Just sharing this link, I don't own any HCMC and I'm not pumping it. I just thought I'd share a link to posts over there about it so you can read through the threads and comments and see how that group thinks. Different ways of looking at things than the majority of us, it's all pretty interesting to me.
https://www.reddit.com/r/WallStreetb...ossmf&sort=new
So much going on my head hurts. Haha
Lol, if you scroll way down the page they talk about punishing Phillip Morris, shorts, hedge funds, boomers etc. All over the map but they are an organized force that's making themselves known. Who knows if they can move this one with the insane amount of shares it has but we'll see.Quote:
Originally Posted by Fishysam
Well there was one person that referred to another group who pushed another stock up last week.
Been following the action on HCMC all day, TDA has now stopped all buying and selling of that ticker. So many pissed off traders you can't count em all, what a mess, seems worse than the Robinhood bs last week. I'm sure lawsuits will happen soon, the stock is up over 100% today and those wanting to cash out simply can't. Smh
Wow they stopped a stock trading at .0013??? Do they not know how many of those OTC stocks go up 100% in a dayQuote:
Originally Posted by skeeterator
It's the pump that's going to get them. As much as I'd like to see the GME people start pushing OTC stocks, pumping there is going to get them in trouble and the stocks halted for a while. The whole thing is just a pump n dump basically with a short squeeze playing a role, right? They had better know what they could get into in the OTC....but, as long as you can flip in and out quickly before anything gets halted.....Quote:
Originally Posted by bluejay10
So....any ideas on what the next one will be?
TDA put our a list today of 19 tickers they're restricting trades on in various ways.
Looks like HCMC closed the day up 131%.
I have no idea on the next one they wanna run, if they can start buying this again they'll still run it based on comments I'm seeing.
Quote:
Originally Posted by Bassmaster96
I use to trade the OTC stocks like this in the past, almost every OTC ticker sub penny is a pump and dump and they never got halted by the brokers before. Now the OTCMarkets/SEC would step in and halt a ticker but I never had the issue of the broker saying yep this one is halted due to pump and dump
I'm just holding cash in the bank until these brokerage asses get off their high horse and let people trade. Not worth getting all pissed off because I can't trade. The worst part is there is absolutely nothing that can be done to stop a brokerage from restricting trades. It's their sandbox and we are just playing in it. They, along with Market Makers make all the rules and they can change them at any point in the game...
Yep, it's true, the broker doing it is a first for me too, when they allow it to be traded/have it on their platform.Quote:
Originally Posted by bluejay10