CSE:VIBE - Post Discussion
Post by
davgro on Dec 06, 2022 12:34pm
Postmortem on Yesterday's VIBE Stock Price Manipulation
So what really happened yesterday with VIBE's stock price ? Here is my opinion:
Traders used the announcement of Vibe's NCIB, after markets closed on Friday, to artificially push the price up Monday morning when the markets opened.
The stock opened yesterday @ C$0.18 and got pushed all the way up to C$0.29 (a gain of 141%) on heavy trading. Traders who had accumulated cheap shares sold to unsuspecting investors for huge returns. As with all artificial manipulation, the air quickly came out of the baloon and the stock price plummeted, eventually closing at C$0.14 (a small gain on the day). While this was happening VIBE's the usual members were pumping the stock with numerous posts. The False Prophet was even touting a share price "...north of $1".
So where are we today ? VIBE traded back to Friday's close of $0.12 earlier today, near its 52-week low, before being propped back up to C$0.18 by market makers on very low volume.
A good lesson in how stocks can be manipulated on the CSE.
VCAN 2.0
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