Is Saudi Arabia preparing a pump and dump?

by winele

I have been following Saudi Arabia’s stock movements the past few weeks and I wanted to air these thoughts so you autists can shoot me down in flames.

We have all become accustom to such terms as the Jpow brrr and the plunge protection team recently as we have been watching odd activity on the market. We tell ourselves that these girthy green candles are the work of FED stimulus being packaged into the market through such companies like Black Rock and by gobbling up bad debts.

But what if this is not the case at all. What if Saudi Arabia is buying up enormous amounts of these stocks to gather up as many retail investors as it can FOMO in before it dumps them at the top.

The Kingdom seemed to time their oil nonsense at a perfect time so they could squeeze the stock down to its lowest amount before throwing billions into the market. It would seem likely that when they decide to sell all of their holdings we are going to kick off the next crash.

Thoughts?

Sources:

markets.businessinsider.com/news/stocks/saudi-arabia-pif-invested-billions-boeing-disney-facebook-stocks-2020-5-1029210234

finance.yahoo.com/news/saudi-arabia-pandemic-bargain-hunt-050011077.html

www.marketwatch.com/story/saudi-sovereign-wealth-fund-invests-in-facebook-boeing-disney-2020-05-17

 

 

Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence.