InvestorsHub Logo

dennisdave

03/14/23 12:17 PM

#576447 RE: Idunno #576444

you mean a pump and dump?

I have missed the good fake news preceding the pump then...

What is Pump and Dump?
A pump and dump scheme is a type of securities fraud that involves the artificial inflation (“pump”) of the price of a security through false, misleading, or exaggerated statements regarding the security’s price. The fraudster can profit from the price inflation by quickly selling the securities at a high price (“dump”).

At the same time, the new owner of the shares will likely lose a substantial part of their capital because the security’s price will quickly fall. The pump and dump scheme is considered an illegal activity.