Replies to post #112013 on InterDigital Inc (IDCC)

[plumear]

OT: OK Croth, your right, my post was confusing. Referring to my post, I should have been more descriptive. First, the shorts take a short position and at the same time, make negative post. As the price drops, they cover, making a profit. Meanwhile, the cooperating pumpers start the positive rumors, post, etc. The buying done by the shorts, accompanied by the positive messages, provides the basis for a rally, sending the price back up. The practice was most common during the heady days up through 2000 as self directed investing through the internet became popular. Inexperienced investors made fairly easy prey. A guy with the handle of "Tokyo Joe" gained a good bit of notoriety and was accused of making many millions using this method. He was nailed by the SEC, I believe, and eventually paid a fairly healthy fine, though he denied he was guilty. I’m feel fairly certain that there are still stock market “professionals” of one sort or another that use methods that would be similar, in order to achieve their own purposes but that would be JMHO.