Dec. 24 at 10:17 AM
$ATMC I'm not in this thankfully, but I'm watching to see what happens.
I saw SVB vaporize in the middle of the afternoon, but it had ramped down for days, and it was a known risky trading vehicle.
I've seen chinese specs go up over weeks to prices near
$100, and then dump offerings which drive the stock to
$1 and lower (and keep trading, sometimes with minor bounces, let's be real.)
But for a spec stock to get driven from
$10 to over
$100 in the PM, then go overnight and act like a still viable stock ramping and dropping, and THEN to just go OFF SCREEN AT 500AM has got to be one of the worst things I've ever seen. It's so blatantly fraudulent.
I need to study it for myself as a reminder, but if the SEC won't pull all the licenses of whoever participated in this, then I'm not sure why they even exist.