Is there any possibility that the Fission fund uses c2 subscribes to pump and exit his positions in his pump & dump trades?
I wonder if he is a member of a pump & dump traders.
His trades of CADC on 6/22/18 10:58
- issued 3,000 buy signal.
- 51,990 shares in total bought with C2 Autotrades
- the lowest fill price was 8.4 and the highest was 10.15. 20.8% difference
- he pumped the price of CADC more that 20% only with this signal
- previous day’s volume of CADC was less than 60K.
- 6/22 10:56-10:57 volume was 23.7K, 10:57-10:58 16.2K, and 10:58-10:59 104.5K (C2)
1 Like
Possibly but I doubt it.
I did a quick check and the volume had already hit over 430k by the time the first order went in. In the hour he traded it, it traded in total 855k shares. So I doubt it in this case. Was a big trading day for this stock. One of the worst trades I’ve even seen though. Bought at the high and sold at the low.
Up 38% in the first month. Totally unsustainable. Apparently alot of subscribers didn’t think so and got smoked.
No TOS and putting 50% of the strategy in an illiquid microcap Chinese stock would make me steer clear of this strategy forever.
2 Likes
