RE:RE:RE:Nice move today........Definition of pump and dump: "...is a form of securities fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements, in order to sell the cheaply purchased stock at a higher price."
I'm not aware of anything that resembles this type of illegal activity here. If there really were a pump and dump scheme, HS would likely have no potential to justify today's price and there would be a concerted effort by a few individuals to relentlessly provide erroneous positive statements both here and all over the internet.
Finding a stock which doesn't hold its 52 week high is nothing unusual. Today's earnings release and HSPay news were both good, but perhaps not enough to sustain a further price increase over and above the rather spectacular one that has already happened this year. These 2 new bits of information were positive, but there is much more of a story to unfold here.
I like the prospects here and am happy to wait the years necessary to see things develop. I recognize that some are looking for quick profits (more power to them), but to refer to a fraudulent scheme when the price doesn't meet personal expectations seems to me to be inappropriate.
This is a very real company that's growing well, even in a covid environment. Kudos to HS management and staff!
trincan wrote: EXACTLY, this now resembles more of a pump and dump situation.
Just cannot hold on to any momentum whatsoever.
Truly very disappointing.
Trincan