pump and dump anyone??

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    Nasdaq CEO Friedman says the exchange will halt trading in a stock if they link unusual activity to social media chatter
    EMILY GRAFFEO
    JAN 28, 2021, 4:20 AM
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    Jim Spellman/Getty Images
    Nasdaq CEO Adena Friedman told CNBC the exchange tracks social media chatter.
    She said the Nasdaq will halt trading if they link chatter to unusual activity in a particular stock.
    Friedman said it’s unclear whether recent Reddit activity would be considered illegal by the SEC.
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    Nasdaq CEO Adena Friedman told CNBC Wednesday that the exchange monitors social media chatter, and will halt trading if they match the chatter with unusual activity in a stock.

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    Her comments come as a flurry of activity on Reddit has sparked earth-shattering price rises in stocks like GameStop, AMC, and Nokia, with no fundamental moves behind the stock movements.

    Those stocks are listed on the New York Stock Exchange, not the Nasdaq, though Friedman’s CNBC appearance brings into question what a market exchange’s role is in regulating extreme stock activity.

    Friedman said the Nasdaq’s role as a “self-regulatory organisation” is to make sure activity in the market is “legitimate” and to root out manipulation in the market. She did not detail what kind of technology the Nasdaq uses to “evaluate social media chatter,” but she said if the Nasdaq can match unusual trading with social media activity, the exchange will halt the stock and potentially engage with the SEC to evaluate and investigate.

    Read more:
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    One illegal market manipulation activity that the SEC goes after is a “pump-and-dump” scheme.

    An investor buys a stock, and then publicly “pumps” it, by spreading a rumour or another catalyst for the stock go up. Other people see the rumours and buy the stock, causing the price to rise. The person who originated the rumour sells the stock to them at a higher price in a “dump,” and takes the profits.

    Friedman said the Nasdaq collaborates with the FINRA and SEC to identify and investigate pump and dump schemes, but she said it’s unclear whether the current Reddit activity qualifies as a pump and dump scheme. “Regulators kind of have to catch up with the technology that’s now available,” Friedman said.

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    Unfortunately if it’s 2023-2024 before they may produce anything with the ion exchange Lilac process, it will be too late. Tons and tons of lithium sitting in piles because Bill Gates and partners have a better battery solution. Read about it.

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    be careful..here punters..

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    smoke and mirrors
    noun [ plural ] mainly US
    UK /ˌsməʊk ən ˈmɪr.əz/ US /ˌsmoʊk ən ˈmɪr.ɚz/

    Something that is described as smoke and mirrors is intended to make you believe that something is being done or is true, when it is not: dyor

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    running out of puff its way way over bought dyor

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    22 gap target...over priced

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    22 gap fill anyone... over cooked lithium play dyor

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    break of 30 gives 22 target dyor

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    LKE purity from this time forward is standard, the likes of Alpha will be popping up regularly due to Lilac’s open policy.

    The exclusivity geography appear (on the face of it) to be too small for any point of difference or barriers to entry.

    The benchmark is now Standard Lithium (99.985%).

    The recent Alpha events and LKE Ann’s are too coincidental to ignore.

    An investor can attempt to spin this anyway they please, but the BoD are bound by ASX listing rule, and the JORC competent person is bound by JORC code requirements.has lke bod kept material information from the market?

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