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Tuesday, August 12, 2014 9:48:33 PM
Investopedia explains 'Pump And Dump'
Traditionally, this type of scheme was done through cold calling, but with the advent of the internet this illegal practice has become even more prevalent. Pump and dump schemes usually target micro- and small-cap stocks, as they are the easiest to manipulate. Due to the small float of these types of stocks it does not take a lot of new buyers to push a stock higher.
Claims about how a stock is set to break out should be met with a considerable amount of caution. It is important to always do your own research in a stock before making an investment.
http://www.investopedia.com/terms/p/pumpanddump.asp[/tag]
Do research...it's that easy. I wouldn't just use the message boards and social media because that is what the "Pump and dumps" want you to do.
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