Tuesday, May 27, 2014 3:27:43 PM
here's one;
http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370541128311
Pump-and-dump schemes are among the most common types of fraud involving microcap companies. Perpetrators will tout a thinly-traded microcap stock through false and misleading statements about the company to the marketplace. After purchasing low and pumping the stock price higher by creating the appearance of market activity, they dump the stock to make huge profits by selling it into the market at the higher price.
http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370540714936
Take a look at thier most recent toy UMNG; see that buying volume surge prior to FRIDAYS ticker announcement? thats PACMAN. buying low ... announces the ticker via newsletter then sells the lot.
Its called price manipulation ... and it is highly illegal.
P.S. jumping into a pump n dump is the antithesis of 'investing'
it is the definition of 'schemeing' at worst and cavalier speculation at best.
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