2022 BRN Discussion, page-8419

"especially since the defection elsewhere by a large percentage of the LTH's..."

How do you know they are LTHs? Don't tell me... because they told you so right?

For all you know, they are traders and you are being used as a convenient bag holder for them during the various pump and dumps.


https://asic.gov.au/about-asic/news-centre/find-a-media-release/2021-releases/21-256mr-asic-warns-of-social-media-led-pump-and-dump-campaigns/

ASIC has noted a concerning trend of social media posts being used to coordinate ‘pump and dump’ activity in listed stocks, which may amount to market manipulation in breach of the Corporations Act 2001.

‘Pump and dump’ activity occurs when a person buys shares in a company and starts an organised program to seek to increase (or ‘pump’) the share price. They do this by using social media and online forums to create a sense of excitement in a stock or spread false news about the company’s prospects. They then sell (or ‘dump’) their shares and take a profit, and other shareholders suffer as the share price falls.