Pump-and-dump scheme: What it is and how to avoid
Post# of 85546
(Total Views: 112)
Posted On: 11/28/2024 2:12:50 PM
Re: riskreward007 #85477
Pump-and-dump scheme: What it is and how to avoid one
https://www.bankrate.com/investing/pump-and-dump-scheme/
A pump-and-dump scheme is a form of market manipulation and financial fraud in which members of a group buy a security and then convince others to buy it, too. The point is to illegally “pump up” the price of a stock, cryptocurrency or other type of hyped investment. But before long, the price rapidly retreats and the pump scheme quickly turns into a dump.
The insiders then spread false or misleading information about the company to increase the demand for the stock and drive up the price.
Pump-and-dump schemes are often based on hype and speculation rather than sound business or investing practices.
"Just My Simple Opinion"
https://www.bankrate.com/investing/pump-and-dump-scheme/
A pump-and-dump scheme is a form of market manipulation and financial fraud in which members of a group buy a security and then convince others to buy it, too. The point is to illegally “pump up” the price of a stock, cryptocurrency or other type of hyped investment. But before long, the price rapidly retreats and the pump scheme quickly turns into a dump.
The insiders then spread false or misleading information about the company to increase the demand for the stock and drive up the price.
Pump-and-dump schemes are often based on hype and speculation rather than sound business or investing practices.
"Just My Simple Opinion"
(3)
(0)Univec Conglomerate Inc (UNVC) Stock Research Links
Scroll down for more posts ▼