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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Wharf Rat who wrote (1416285)8/25/2023 1:25:27 AM
From: pocotrader1 Recommendation

Recommended By
Doren

  Read Replies (1) | Respond to of 1580692
 
pump and dump, same idea as claiming a piece of dirt, throw drill rigs on said dirt, pump the piss out of it, dump shares



To: Wharf Rat who wrote (1416285)8/25/2023 1:00:47 PM
From: Tenchusatsu  Read Replies (2) | Respond to of 1580692
 
Wharfie, thanks for the tweet. I like him even more!

There are several Baby Pharma companies in South San Francisco that go down the same route. They get sky-high valuations on the promises of new drugs (typically cancer-related), but later their valuations crash as the trials dash their hopes.

In the meantime, plenty of people get rich in the process. Apparently Vivek Ramaswamy is one of them.

I can't wait for the left to become anti-Big Pharma once again. (Not that they really stopped, even after the success of Pfizer's mRNA vaccine, and even as the Q Continuum became anti-Big Pharma themselves.)

Tenchusatsu