Pump and dump stocks ??

Pump and dump stocks ?? (Full Version)

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pahunkboy -> Pump and dump stocks ?? (5/15/2009 3:26:03 PM)
Has anyone ever fell for it? This is when a "hot tip" tells you that the stock will take off. You get in. They get out. YOU take the loss. ?? Maybe I should re-word it- if you ever were in a pump and dump- would you admit it? Oh what was the stock?

Fitznicely -> RE: Pump and dump stocks ?? (5/15/2009 6:08:45 PM)
Gawd, the images that went thru My head,clicking on this thread....

DesFIP -> RE: Pump and dump stocks ?? (5/15/2009 7:10:52 PM)
Unless you're buying 10,000 shares at a time, your purchase will not effect the price. A 10,000 share buy will only raise it 1/8th of a point. And houses who do this to their customers get censured. Usually by losing the business for a few months. Beyond that comes the SEC who do not take kindly to such practices.

pahunkboy -> RE: Pump and dump stocks ?? (5/16/2009 6:16:04 AM)
I fell for this a few months back. Upon some digging the dude had been in trouble for fraud. duh. It was penny stock. But these days-- GM is too. ;-0 The SEC? LMAO. The SEC is inept. hence Madoff and there are 2 more that are not publicly announced yet. Anyhow a new alheimers drug was about to pass clinical trial 3. I looked up and there was a patent and such. and there WAS a big shot meeting that day. But it was all bogus. I fell for it. I vow to stick with silver....even junk silver. I hold it in my hand, and either way- I still own it no matter what the deal was.

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