Let’s talk about the 31s highest marketcap company „AMTD Digital“

Hey Guys,

This morning I made a post about the NYSE ticker: HKD. I was confused how a „pump and dumb“ realizes a market cap of 150 billion.

Guess what happened the post got viral but unfortunately the mods removed the post.

So the definition of a pump and dumb:

„Pump-and-dump is a manipulative scheme that attempts to boost the price of a stock or security through fake recommendations. These recommendations are based on false, misleading, or greatly exaggerated statements. The perpetrators of a pump-and-dump scheme already have an established position in the company's stock and will sell their positions after the hype has led to a higher share price.“

Typical characteristics of a P&D:

• Pump-and-dump is an illegal scheme to boost a stock's or security's price based on false, misleading, or greatly exaggerated statements.

• Pump-and-dump schemes usually target micro- and small-cap stocks.

Source: https://www.investopedia.com/terms/p/pumpanddump.asp

What about HKD:

• it increases tremendously since it’s ipo (since 14 days, that’s long for a quick p&d or?)

• No options available

• It’s not a short squeeze

• Low social media presence (that’s pretty uncommon for a p&d)

So how can the market cap be so high and still continue tremendously?

REMINDER: I don’t recommend investing in this Stock! Be careful!