BigTymer calls out viral stock traders Stonk Boys for fake $1million tweet
Former Call of Duty pro player William ‘BigTymer‘ Johnson has called a group of viral stocktraders on Twitter who posted a screenshot claiming that had made over $1.4 million on the stock market, with the YouTuber stating the images are fake and the method is not possible.
On December 23, an image from a group called the Stonk Boys allegedly showed how they made $1.4 million on a single trade following a reverse split of the stocks, with many aspiring traders flocking to the tweet in the hopes of gleaning some information they could use as they try to make the same kind of money that the group had made.
For many though, something didn’t seem right about this post, and BigTymer, who spent years working in the stock market and now runs his own trading group called Green Wall Street, moved quickly to state that the tweet was incorrect, explaining that the method they claimed had made them millions didn’t increase the value of the investment.
Reverse splits don’t increase the value of your investment, and the only reason UGAZ splits so much is to prop the share price up since it’s a levered ETN that’s designed to trade to 0. Not sure if trolling or scamming ? https://t.co/nSpXaoXOeM
— Will Johnson (@OpTic_BigTymeR) December 23, 2019
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The YouTuber then posted a series of videos, criticizing the Stonk Boys for their post, explaining that he wasn’t sure if they were “trolling or scamming,” but that their post was dangerous and could cost people their hard-earned money if they didn’t understand what was happening.
“This is a message for the Stonk Boys,” he said in a video posted on the social media site. “You are f**king idiots, you are a disgrace to the trading community at large, an embarrassment to your friends and family. Your bank accounts are likely small, surely not smaller than your intellect. I demand you immediately cease all operations, and transfer all users to Green Wall Street where they perhaps may learn a true education in stock trading.”
Retweet to save a life pic.twitter.com/c6jc8D9ewG
— Will Johnson (@OpTic_BigTymeR) December 23, 2019
Expanding on his thoughts, the 28-year-old continued: “There’s this group on Twitter posting fake screenshots of trades they have made through means that are not even possible to make money. I can’t think of what a good excuse for that may be. My gut feeling is that they are trying to build up a big following, and later monetize it. At best, it’s really bad advice on trading and finance given by people who don’t know any better, to people who don’t know any better.”
“At worst, it’s setting up to be a scam. I just wanted to let that be known to anyone who was thinking of doing it. Know what you’re getting into. It’s not a good look. It’s the Christmas season, nobody is getting scammed on my watch.”
— Will Johnson (@OpTic_BigTymeR) December 24, 2019
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A number of Call of Duty pros immediately responded to his tweet, with New York Subliners’ Doug ‘Censor’ Martin thanking Will, saying if it wasn’t for his tweet he would have believed him, while Seattle Surge’s Sam ‘Octane’ Larew agreed that the possible endgame of this Tweet could have worked out poorly for those who thought the situation was a banker.
A reverse stock split is when shares of corporate stock are “effectively merged to form a smaller number of proportionally more valuable shares.” While the Stonk Boys allegedly purchased 20,000 shares in the UGAZ company, the reverse split means that many of these shares were merged, and they no longer own this amount.
The number shown in the original tweet is how much 20,000 shares in the UGAZ stock is worth now, but with the group losing shares thanks to the merge, it appears that they likely lost money in the investment, rather than making over a million dollars.
