cableties
Premium
join:2005-01-27
 ·Verizon FIOS
| reply to beck
Re: Too many stupid people!
It's not the buying, its the selling short. Say stock OTB-ABCD is doing well at $1. You decide that it's going to tank and bet on that. Then it does a major sell off. You win.
Pump it up, dump it, profit. Others lose. And win again as it dumps.
But I doubt SEC will win this one as those companies may have nothing to do with it; it's the day-traders selling short. Find them and you find the spammers. (Who wants to bet it's russian mafia? 20-1)  |
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dentman42
join:2001-10-02
Columbus, OH | Could backfire. If you want to harm a company, create a pump and dump spam for their stock... |
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