Maybe a good stock to do small flips... But that m
Post# of 8802
Posted On: 03/17/2016 9:46:59 AM
Maybe a good stock to do small flips... But that might not work too well as the day to day volume is too low.
But I definitely do not believe this is a great pump and dump. Simply because there has been no pump and there has been no dump. Pump and dumps run up big and crash/ fall very very hard.
I was once in....what I would call....a true pump and dump. Maybe even the best ever.
This stock I was in ran from under 0.005 to i believe it was $4.00!!! I sold when it was 0.70 and .90 cents. The CEO would do lots of penny stock interviews and put out lots of PR. Even though this was a long time ago, I still remember this one interview an older lady called into the interview to ask a question of how the stock would open higher... She ask the CEO if he would stand by what he said that the stock would open higher and he said yes. She then said she would take out a loan to buy more.
Well the stock did go higher! A lot higher! But it evenutally crashed very very fast. And I should add that it ran up from .005 to $4 very fast. Eventually the CEO sent to jail. His claims in the PRs were bogus and in the interviews were bogus. He would claim the company was making large amount of revenues without backing it up.
Now that was a pump and dump! Lol
But I definitely do not believe this is a great pump and dump. Simply because there has been no pump and there has been no dump. Pump and dumps run up big and crash/ fall very very hard.
I was once in....what I would call....a true pump and dump. Maybe even the best ever.
This stock I was in ran from under 0.005 to i believe it was $4.00!!! I sold when it was 0.70 and .90 cents. The CEO would do lots of penny stock interviews and put out lots of PR. Even though this was a long time ago, I still remember this one interview an older lady called into the interview to ask a question of how the stock would open higher... She ask the CEO if he would stand by what he said that the stock would open higher and he said yes. She then said she would take out a loan to buy more.
Well the stock did go higher! A lot higher! But it evenutally crashed very very fast. And I should add that it ran up from .005 to $4 very fast. Eventually the CEO sent to jail. His claims in the PRs were bogus and in the interviews were bogus. He would claim the company was making large amount of revenues without backing it up.
Now that was a pump and dump! Lol
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