TL;DR
A Redditor boasts of massive gains and shills new penny stocks, raising red flags of a classic pump-and-dump scheme. Remember: if it sounds too good to be true, it probably is.
Story
Another day, another Reddit rags-to-riches story. This time, it’s a user claiming a 122K to 1.15M win on ASTS weeklies. Now, they’re ‘balls deep’ in ABSI and ACHR. Color me skeptical.
This reeks of the classic pump-and-dump.‣ Pump and Dump: A scheme where insiders artificially inflate a stock’s price (pump) before selling their shares at the peak, leaving others holding worthless bags (dump). Remember the 2000s dot-com bubble? Same song, different verse. Someone hypes a stock, newbies pile in hoping to get rich quick, then the ‘smart money’ vanishes, leaving devastation in their wake.
Look, a 10x gain in a week? That’s not investing, it’s gambling. And with penny stocks like ABSI and ACHR, the odds are stacked against you. These aren’t established companies; they’re volatile bets prone to manipulation. Remember Enron? It soared high, then crashed hard, wiping out investors.
Sure, there’s a screenshot of ‘gains,’ but that proves nothing. It’s easy to fabricate online. Plus, bragging about ‘moving on’ screams ’exit strategy.’ They’re likely trying to lure more unsuspecting victims into their trap.
If this Redditor was truly confident, they wouldn’t be broadcasting their next moves. They’d be quietly counting their (alleged) millions. This whole thing feels performative—designed to create FOMO‣ FOMO (Fear Of Missing Out): A psychological phenomenon that drives people to make impulsive decisions based on the fear of missing a potential opportunity. and pump the next target. Don’t fall for it.
Advice
Don’t blindly follow online hype. Do your own research. If someone promises quick riches with little effort, run the other way.