Megan Holdings ($MGN) craters 90.95% after class-action filings reveal coordinated social media stock promoters were running the bid. On the other side of the tape, Future FinTech ($FTFT) surges 132.82% on 415,000 shares of float with zero fresh news to justify the volume.
Retail sees green and assumes safety. The base rate sees the meat grinder: across 2,796 historical instances of low-float gap-ups exceeding 30% on no news, stocks close red 70% of the time, dropping a median -10.79% intraday.
When the promoters vanish, the tape doesn't negotiate.