Posted On: 05/16/2013 6:35:24 PM
Post# of 5066
Were all about making money, but everyone on this board I'm sure wants to do it ethically, and why not make a lil money while helping people, but there are those who want to make money no matter who they hurt or trample on. or which companies they sabotage. I dont know how people like that wake up everyday.
Those who usually cry 'pump and dump' are for the most part caught up in the 'short and distort' game
Definition of 'Short And Distort'An illegal practice employed by unethical internet investors who short-sell a stock and then spread unsubstantiated rumors and other kinds of unverified bad news in an attempt to drive down the equity's price and realized a profit. | |
Investopedia explains 'Short And Distort'Due to recent corporate scandals and investor uncertainty, fraudsters have an easier time spreading doom and gloom by claiming that a firm is losing a very costly class action suit or is suffering from low earnings. In order to prevent being conned, investors should do their own due diligence and be critical of the authenticity of news from unverified sources. |
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