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kentonmag1

08/13/13 12:17 PM

#270 RE: caloosa #265

I've made and lost money in these scams, always remember that there is not a single pumped Company EVER becomes a legitimate business, every single pump and dump is being carried out by unscrupulous people who would take money from their own grandmother.
They pay touts to come onto these blog sites to pump the Company in an effort to get enough people interested so they can divest themselves of as much of their worthless shares as possible at whatever price. Since they paid virtually nothing for their shares everything is a profit, no matter how cheap they sell it. Their only real outlay is to pay the touts to promote this rubbish in their daily stock tipping sheets. Don't get me wrong if you play carefull and stay by the computer you can make money, however if you have a fulltime job and can't keep a vigil at the computer you can lose alot of money very quickly.