The crooked stock market does this and it's a great trick. They get inside info on bad news like a lower reissue price for shares or Chap 11 etc.
They pump the stock higher get newbies to chase then they short. When the bad news comes out they cash in big time. RISK FREE trade.
Quote Tweet
$NBEV They already know the news so they pump and have ppl chase then they short.
NewAge shares are trading lower after the company announced it filed a voluntary petition for relief under chapter 11 of the United States Bankruptcy Code.
