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Sunday, May 18, 2014 1:57:09 PM
The Dump and Pump is a similar marketeer penny stock scam to the Pump and Dump. The marketeer of a Dump and Pump is called a Stock Basher, who eventually turns into a Stock Promoter after the bash campaign achieves its purpose. That is the reason for the name, "Dump and Pump."
This newer scam trend has been growing steadily for more than 20 years in the USA; yet, many investors are only mildly aware of how this scam works, or how organized and professional it can be.
In this type of penny stock scam, the marketeer stock basher demotes, rather than promotes, a sleeper quality but struggling stock. They demote a stock by telling half truths and bending the truth concentrating on the negatives in an attempt to cause doubts in the minds of investors about the company, its methods, and products behind the stock.
A closer look at the Stock Basher. . .
The marketeer stock basher targets stocks that have previously been marketeer promoted and are still trading fairly high, or a company with potentially good prospects that is gaining investor interest but is still struggling. Both these types of stocks are targets because they are still weak and highly speculative.
These companies are speculative to highly speculative because no one yet can really tell if their products in development (or products ready to market) will really pan out, or even if the company will have the finances to continue operating to see that potential success.
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