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Monday, March 14, 2011 11:16:47 AM
An illegal practice in which investors attempt to artificially inflate the price of a stock by disseminating inaccurate or misleading information. These investors have a long position on the stock in question and seek to inflate the price in order to sell their shares for a higher profit. Pumping and dumping violates securities laws and can lead to hefty fines.
This pertains to the tatics that are going on with OWVI.
Have been told to post this so I am.
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