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Every now and then someone decides to promote a penny stock through an email and/or internet forum campaign. I somehow ended up on the email list of one of these this week. These scams are knowns as "pump and dump" as those who run them buy a penny stock for pennies, pump them up through a media/marketing campaign, and then when the price rises, sell all their shares and leave you holding the bag for the inevitable fall. In case you've never seen one of these before, this is what it looks like:
Obviously don't fall for this trick, but don't try to play with the pros at it either. The likelihood of you getting out before the dump is very low. Why don't we watch it on this thread and see what happens in real time, but bear in mind that even if this stock only goes to 2 cents, this schemer doubles his money!
Obviously don't fall for this trick, but don't try to play with the pros at it either. The likelihood of you getting out before the dump is very low. Why don't we watch it on this thread and see what happens in real time, but bear in mind that even if this stock only goes to 2 cents, this schemer doubles his money!
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