That is how the pumps usually work -- insiders or whomever paid for the pump sells into the volume generated by the promotion. They don't wait for the stock to drop to start selling. Once they run out of buyers the stock drops.
No position (unfortunately -- wish I could short).
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.