InvestorsHub Logo
icon url

Rawnoc

05/05/06 2:12 PM

#11142 RE: pual #11140

I "happen to be right" because it's simple observation. Look at any thinly traded pinksheet stock that exploded or crashed on no news and you'll typically find a flood of posting just prior to not be uncommon.

Is this some sort of new relevation? lol, where ya been? Even the SEC has warned of this FACT for years, pal. Quit embarrassing yourself with ignorance.
icon url

Rawnoc

05/05/06 2:15 PM

#11143 RE: pual #11140

Welcome to what the SEC and countless message board users already discovered pushing a decade ago. Where ya been, dude?

From SEC.gov....

Pump and Dump Schemes
"Pump and dump" schemes, also known as "hype and dump manipulation," involve the touting of a company's stock (typically microcap companies) through false and misleading statements to the marketplace. After pumping the stock, fraudsters make huge profits by selling their cheap stock into the market.

Pump and dump schemes often occur on the Internet where it is common to see messages posted that urge readers to buy a stock quickly or to sell before the price goes down, or a telemarketer will call using the same sort of pitch. Often the promoters will claim to have "inside" information about an impending development or to use an "infallible" combination of economic and stock market data to pick stocks. In reality, they may be company insiders or paid promoters who stand to gain by selling their shares after the stock price is "pumped" up by the buying frenzy they create. Once these fraudsters "dump" their shares and stop hyping the stock, the price typically falls, and investors lose their money.

For more information about microcap fraud, please read our publication, Microcap Stock: A Guide for Investors.

http://www.sec.gov/answers/pumpdump.htm

Modified: 03/12/2001