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Re: cautiousoptimism post# 24982

Thursday, 12/16/2021 8:43:39 PM

Thursday, December 16, 2021 8:43:39 PM

Post# of 30044
Can't be a Pump and Dump when there is no PUMP.

What Is Pump-and-Dump?
Pump-and-dump is a manipulative scheme that attempts to boost the price of a stock or security through fake recommendations. These recommendations are based on false, misleading, or greatly exaggerated statements. The perpetrators of a pump-and-dump scheme already have an established position in the company's stock and will sell their positions after the hype has led to a higher share price.


This practice is illegal based on securities law and can lead to heavy fines. The burgeoning popularity of cryptocurrencies has resulted in the proliferation of pump-and-dump schemes within the industry.