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submitted 4 months ago by schizoidman@lemmy.ml to c/technology@lemmy.ml
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[-] grrgyle@slrpnk.net 1 points 4 months ago

Even as a dumb investor you can extract a lot of money via pump and dump. Just got to get in/out at the right times.

Spread that out over several portfolios, and you can get rich without ever contributing a single thing to your community!

[-] helenslunch@feddit.nl 1 points 4 months ago

Yes but in order to do that you have to have another "dumb investor" lined up and convinced that the stock is going to continue to appreciate.

[-] grrgyle@slrpnk.net 1 points 4 months ago

Yep, which is why you've got to sell while folks think it's still pumping time. Then everyone in the know dumps and it's better luck next time to the bag holders.

If you aren't in the know, well, hope you're lucky.

this post was submitted on 22 May 2024
148 points (98.7% liked)

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