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Monday, March 07, 2022 11:03:40 AM
Investopedia P&D 2.0
Pump-and-Dump 2.0
The same scheme can be perpetrated by anyone with access to an online trading account and the ability to convince other investors to buy a stock that is supposedly "ready to take off." The schemer can get the action going by buying heavily into a stock that trades on low volume, which usually pumps up the price.
The price action induces other investors to buy heavily, pumping the share price even higher. At any point when the perpetrator feels the buying pressure is ready to fall off, they can dump their shares for a big profit.
Very entertaining as I watch it happen almost daily.
More predictions. We need more predictions of bang, zoom, to da moon, lolol
All my commentary is to be considered as my personal opinions, to which I am entitled. And there is no proof of said opinions unless I offer it in the comments.
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