People don't put their life savings into a penny stock.
But I do agree that gloating about others losing money is tasteless and mean spirited.
People get caught up with greed and don't do the homework they should before buying a stock. Penny stocks are the riskiest of the risky, and not suitable for most people.
It would benefit people to learn how these stocks get manipulated BEFORE buying, and that pumpers have a different agenda that an average investor. Once you have some experience observing them, then the patterns of behaviour of people and the stock becomes a lot more predictable.
Go back a week or 2 and look at the posts, with the hindsight of the stock price falling back down.
Go back 6, 8, or 12 months, and see that it's repeated over & over. The pumpers are making money off the gullible each time.
Notice that any time someone points out a less than glowing fact about the company, they get shouted down, and a flurry of pump posts follows, so that the non-cheerleading post gets pushed down the list. Happens all the time.
Once the stock has fallen, the pumpers go quiet and move on to the "next big thing"
Btw, a company can have a product and some sales and still be a "pump & dump". P&D refers to the fact that the stock can be easily manipulated for the benefit of a few at the expense of the average investor.
Investopedia.com has loads of good information about pump & dumps, stock manipulation and some of the warning signs.
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