Thursday, April 12, 2012 6:02:16 PM
A leader (often paid to promote the stock) picks a stock or is told which stock by the main promoter. They frontload the stock by picking up a ton of shares while everything is quiet with the stock. This is often done unbeknownst to the company.
Once the "investors" are fully loaded with shares, they swoop onto a board with nothing but posts about how great the company is, charts, level 2 play-by-play, and how they'll be buying shares when the stock opens tomorrow (any of this sound familiar?). They try to time this to news being released by the company.
The day they all say they were going to be loading shares, they are actually dumping shares to the folks that got sucked in by all the talk of how great the stock is. They make their profit, sometimes big, sometimes small...and then move on to another stock to do the same thing, leaving a bunch of people holding the bag that bought on the hype and don't understand why the price dropped instead of going up.
It happens here every day in the Ihub world. Sometimes the company is part of the process but often they are actually victims of the process as the result gives the company/stock a bad name.
See this Ihub board for other examples:
DD Support Board and Fraud Research Team
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM