Pump and Dump Schemes

skagenweb

skagenweb

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Any one had any experience with this?

[FONT=Verdana,Arial,Helvetica]Pump and Dump Schemes[/FONT]

[FONT=Verdana,Arial,Helvetica]"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.[/FONT]
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[FONT=Verdana,Arial,Helvetica]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. [/FONT]
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It seems like it could be very profitable, and pretty easy, and ofcourse illegal but how can they even catch anyone doing this?
 
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Yeah, but is there any way they could PROVE someone was involved? Using proxies, different IPs, erasing data from computers (or even using public computers to post rumors), distributing pamphlets in the mail. noone could link it to you.
 
my friend did something similar a few years ago, made a quick buck, but hard to maintain
 
skagenweb said:
Any one had any experience with this?



It seems like it could be very profitable, and pretty easy, and ofcourse illegal but how can they even catch anyone doing this?
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HA! Its called the S.E.C my friend. And trust me when they drop the hammer it hurts.
 
True true...definitely not something I'd want to be involved in.
 
I had one this weekend. I'd say she was about a 7...
 
dog...in my youth i would be open to schemes such as this in a heartbeat...but as of lately i've been watching the news and seeing the type of time they give people that scam the masses and oh boy is it heavy...they giving u murder time for financial crimes...shit is bananas...run far away from this shit unless u wanna ball for a couple months/years then forfeit the rest of ur life!!
 
Crooker said:
I use to be a financial managers and i can tell you that rumors hardly made us buy stock.
Unless it came from sources that have been right in the past.
And besides that check out some of those stock market tip/rumor sites.
They are full of bull information where no one is trading in.
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If they were to create a website of there own, brand new, and advertise it to get the attention of people that do not currently play with stock, they could easily use there lack of knowledge against them. it'd take a more personal touch i think, kinda like ewhoring i guess
 
what about playing "penny stocks" and instead of doing it with one small company, you bubble out multiple at once.

The goal isnt to walk out with a fortune then, its to make a few hundred/thousand really fast.

You want to pop in and out anyways, not continue since they will instantly ramify your decisions, dissapear for a bit, pop back up under a different name when your in need of more money, rinse and repeat

youd want to mass market your plans really hard though, if someone is good with email lists it might work?
 
yall are right, it does not work. nothing to see here...move along
 
LOL
Lets do it.
We'll all buy $25 worth of some penny stock and then have $100 at the end of the week.
We'll reinvest $75 in a more expensive stock and come out with enough to buy
a really good one and just hang onto it for a year.

C'mon ...lets all do it.
We've got the membership and we'll just say we were following advise from the BHW Newsletter who advised it was a good stock...and it was correct.
 
Getting involved in a pump and dump will not really get you any money. More than likely, you will lose money.

BUT...... there is a way to make money in pump and dump schemes without putting yourself at risk with the SEC.

I am presently writing a book on this very thing.
 
Is this even legal? Surely, you need to be careful when you get yourself involved with this. When you get sacked, it could really be painful.
 
A few years ago, I was on a site where if you were there early enough you would get in on some of the pumps. I made some saucy money back then. Like in the upper 20-40k range. I stopped doing it because there was some serious trouble brewing plus more and more people were playing harder ball.

I wouldn't risk it now with everyone looking at everyone else's feces a little more extra now.
 
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