strange user activity



  • just been sad enough to watch the user activity ticker-tape thing, and saw a young italian Palombi jump from 15p to 32p in about 5 minutes, and then drop back down to 15p five minutes later. it was the same person hoovering them all up, and then another person selling them back.
    2 questions:

    who makes money off this rapid rise / fall? guessing the answer will be its just a "pump and dump", but for this to happen in 5 minutes doesn't suggest that.

    how much money would have had to be spent to cause the initial big rise?



  • @NewUser115892 are you sure someone didn't put it up for sale, then cancel.



  • sure it was 2 different users buying and selling on the ticker.
    but even if it wasnt, why would someone repeatedly list 300 shares for sales (10's of times), only to take them off after 5 mins? baffled me



  • @NeverWin said in strange user activity:

    @NewUser115892 are you sure someone didn't put it up for sale, then cancel.

    Listing shares for sale doesn't appear on the ticker. It's only shares that have either been bought or sold.



  • It’s an attempt to get random players on the trending list, where new/gullible users are will also buy on the misguided assumption that a mega cheap player is heading towards a big price. Then the original buyer sells up for a profit. They may have changed their display name to cover their reputation.

    It’s a basic pump and dump manoeuvre that has been going on for years. It’s really bad for the platform and FI need to grip it. At the lower end of the market it’s very cheap and surprisingly easy to do.



  • Surely a pump and dump would take longer than five minutes to be “in and out”?
    And wouldn’t be long enough to get the player on the risers list?



  • Someone bought a robot for their birthday, and is playing around with it to see how it works, and how the spread rises under new price moves?



  • This has been going on for years on Betfair where u see tens of thousands flood into a horse enabling price movements in favour of the trader who then closes for a profit. Bookies use this method to balance their books and unfortunately the practice has inevitably started on FI. It isn't illegal and works since the players share price is determined by the cash ebbing and flowing not on how many users have bought shares. If it was calculated on how many users had purchased rather than cash invested the platform wouldn't work. FI and Betfair aren't bothered as they benefit from the commission. Illiic of Atalanta had his pre matchday price of 55p increase pre match by 10p mainly due to saavy FI forumites pumping which encouraged investment and gave them profit on their investment he then scored 2 and had an assist so they benefited all ways. His price now has dropped to 48p so the pump had a short term effect and benefit those who did the pumping.



  • @Ollie said in strange user activity:

    Someone bought a robot for their birthday, and is playing around with it to see how it works, and how the spread rises under new price moves?



  • Might be worth reporting this as if same guy is doing this, all he needs to do is bang thousands into small cap players.. Price goes up as well as instant sell.. Guy cashs out within minutes with risk free profit.. Just my tuppence worth but bad karma


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