facebookHas anyone come across Telegram groups that engage in "pump and dump activities"? - Seedly

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Anonymous

04 Jan 2021

āˆ™

General Investing

Has anyone come across Telegram groups that engage in "pump and dump activities"?

Earlier last month, SGX Regulation alerted the public to possible market misconduct activities that exploit Telegram chat groups where investment strategy is discussed. Link here - https://www.sgx.com/media-centre/20201210-sgx-r...

Anyone here came across such Tele channels so that we can all be aware of them and not be exploited overselves?

Discussion (1)

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Musyaffaq

04 Jan 2021

Business Studies Graduate at Ngee Ann Poly

I think no need to know what exact group these are, but knowing the tell tale signs of such group.

1) a big group of ā€œlike-minded investorsā€
2) one leader who tell others to buy at certain price and sell at certain price

Actually I see a lot of these in InvestingNote, where they ask people to join their telegram group so they can ā€œdiscussā€ about certain stocks. But idk sia I feel it’s similar to this pump and dump where they buy together in big volume.

So better not to do your trades in big groups, cos I’m pretty sure it’s manipulating the price and illegal.

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