Comment Ok, but WHY? (Score 2) 8
Is the idea here that high frequency trading and self-dealing can be used to pump-and-dump a given proposition?
So, I find some low-traffic topic suggesting that Pigs Will Fly by the end of 2025 which has "yes" shares trading at $0.01. I buy a bunch of "yes" shares and then buy/sell a small chunk of them back and forth with myself, driving the price up to $0.50. Now I sit back and sell off my "yes" shares for something between $0.50 and $0.40 to anyone who shows up looking to get in on the rapidly-rising "Pigs Will Fly" proposition until a whole bunch of people have bought up the $0.01 shares for 40 times their actual value.
Or is there some other scam at play here?