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Re: The witness II post# 47638

Friday, 08/08/2014 9:47:36 AM

Friday, August 08, 2014 9:47:36 AM

Post# of 122024
It is illegal to "bash" as well, and misrepresent a company to wash trade at a predetermined price. That it why these guys are being investigated. They pumped, then bashed and sold to wash trade at a low price that they had been decided upon. After that, they reinforced a pump campaign to overinflate the stock prices way over market cap valuations and sold all the way up and continued with others. In this way they would misrepresent stocks and obscure actual valuations, all for personal gain - at the expense of other retail traders and the credibility of companies. Main issue with the companies - they played the silent game and made no mention of pumpers overinflating valuations of what they believed their PPS should be ranged in. Good news here : SEC has now decided to go game on with these stupid pump and shorting groups. None of them get to be quite as safe as they were. :)