Posts
RE: RE: What We Can Learn From The HBD Pump
25
@taskmaster4450le
··
0 views
1 min read
Simple. They have a closed exchange off limits to non Koreans. There is a lot of HBD on the exchange. Someone (or a group) start to pump the price up and gets the activity going. They can do this by wash trading among themselves. When the price shoots up, they sell their holdings at $2 or whatever, and pocket the difference.
By the time the price topped and headed back down, I am sure the pumpers were long out of the trade.
Posted Using LeoFinance Beta