People always blame dummies on stuff like this but why can't it be all those secretive algo traders screwing up? The volume of this is $7 million, that's not much but also not small enough for a few day traders that are screwing up.
I've always thought it's people (or algorithms) buying the stock in advance in the hopes that they'll profit from other people making a mistake and buying the stock. Sort of like typosquatting.
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[ 2.6 ms ] story [ 23.2 ms ] threadWSB have also been promoting Blackberry a ton. Blockbuster has been bankrupt for nearly a decade yet are up 1200%: https://www.msn.com/en-us/money/news/the-penny-stock-behind-...
It's not like they had any specialized equipment or intellectual property, did they?
Gotta give him credit for a solid plug