$VinFast Auto (VFS.US)$ could the past pump to close to 100 ...
$VinFast Auto(VFS.US$ could the past pump to close to 100 be from financial instituions to try and lure the owner who holds a majority of this company's share to sell so that they can meddle with it once they got their hands on it?
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102566976 : that's not what it is. the owner (holds 99% of outstanding shares) can't sell his shares even if he wants to due to lock up period. you can be sure that any professional who's worth their salt would know this. And yes, the lock up period is still in effect for at least another 5 months at the earliest or so
ShootingstarOP 102566976: Ah I see ty for educating me I am not a professional and just an observer of this share but the price rose and plummet I do not think is due to retail investors influence yes?
102566976 ShootingstarOP: I'm not a professional either
Researched Vinfast and that's about it. Pretty sure the share price was manipulated right from the start but by who? most probably by the SPAC behind Vinfast to unload their founder's share at an overly inflated price. they would had long done with their unloading by now (that explains the lesser volatility)
ShootingstarOP 102566976: I feel very sad for those investors who were tricked by the hype and fomo and are now trapped. It is quite impossible any ev will overtake Tesla if they entered at its ath
102566976 ShootingstarOP: well... the story of Vinfast is just another day in wall street where scummy companies (or individuals) make monies. though Vinfast's debut is probably the most prolific this year