Pump and Dump Schemes

[golden dinar]

There is a very good reason why experienced investors do not mess with penny stocks. They are too risky, most are not liquid, and even more are riddled with fraud and deceit. There are hundreds of penny stock newsletters that are paid to promote penny stocks. These newsletters write all kinds of BS trash trying to promote the stock. After the suckers have bought it and the price has gone up, the ones who pay for the promotion either sell their shares or they instruct their external friends to selll their shares. The pump and dump scan is a huge problem with penny stocks. I would advise you all to stay away from penny stocks unless you dont mind lossing all your money.

[golden dinar]

Just a warning. I would not post claims for stocks. You could end up in jail..fact. Be careful. As far as tyhis solar glass company XSNX (http://www.investorsiraq.com/penny-stocks/15714-xsnx.html), there are dozens of them out there; its nothing new. Think about it people. There are millions of investors out there with much more knowledge of things than you. Do you actually think you can get ahead of them by reading posts from reckless amateurs? Do you think making money is that easy? Use some common sense. Otherwise you will learn the hard way.

[buck74]

These stocks must really be reseached, it is easy to get caught up in the pump and dump schemes. I make sure that I only buy legitamite stocks, and I ussually hang on to them for 6-12 months depending on what they do, I agree that a person must be very careful with these types of stock.

[meninblack]

Yea I totally agree with Golden. Stay with something safe like Dinar!;)

[Zerep11]

United Airlines:

Before BK - Listed on Stock Exchange as UAL
During BK - UALAQ (Penny Stock. Closed-out @ $0.00)
After BK - UAUA ($32.00 + per share)

Who benefitted? The United Airlines Corporate CEOs, NOT the investors. By the way, they gave their employees 200 shares when they went to UAUA. Big deal - they still cut more benefits afterwards. These are all facts.

[goldraker]

Just a warning. I would not post claims for stocks. You could end up in jail..fact. Be careful. As far as tyhis solar glass company, there are dozens of them out there; its nothing new. Think about it people. There are millions of investors out there with much more knowledge of things than you. Do you actually think you can get ahead of them by reading posts from reckless amateurs? Do you think making money is that easy? Use some common sense. Otherwise you will learn the hard way.

Please, tell us how to make money? Besides buying a printing press. :D

[dinaro]

Please, tell us how to make money? Besides buying a printing press. :D

Those millions of investors are the only ones allowed to make money!Us reckless amateurs can't compete against a real professional like golden dinar who thinks giving stock tips and advice can land someone in jail especially since the SEC is watching message boards.hehe....
Dinars or penny stocks are both risky but who doesn't know that.

[Lux]

There is a very good reason why experienced investors do not mess with penny stocks. They are too risky, most are not liquid, and even more are riddled with fraud and deceit.
Yes, penny stocks are risky investments. It says so on the name of this forum.

Lets not forget that even all investments are at risk too:

The Corporate Scandal Sheet
Penelope Patsuris (http://javascript%3Cb%3E%3C/b%3E:newWindow%28%27Patsuris%27%29), 08.26.02, 5:30 PM ET

NEW YORK - With the avalanche of corporate accounting scandals that have rocked the markets recently, it's getting hard to keep track of them all--but our Corporate Scandal Sheet does the job. Here we'll follow accounting imbroglios only--avoiding insider-trading allegations like those plaguing ImClone, since chronicling every corporate transgression would be impractical--and our timeline starts with the Enron debacle.

Here's the list from this 2002 article:
http://www.forbes.com/2002/07/25/accountingtracker.html

Another list:
http://www.citizenworks.org/enron/corp-scandal.php

[Jgraj]

Just a warning. I would not post claims for stocks. You could end up in jail..fact. Be careful. As far as tyhis solar glass company XSNX (http://www.investorsiraq.com/penny-stocks/15714-xsnx.html), there are dozens of them out there; its nothing new. Think about it people. There are millions of investors out there with much more knowledge of things than you. Do you actually think you can get ahead of them by reading posts from reckless amateurs? Do you think making money is that easy? Use some common sense. Otherwise you will learn the hard way.


So i take it your a real professional and everyone on here is an amateur?

Did you ever stop and think that maybe many people on here are real professionals or at least know what they are doing when it comes to the stock market? Many people speculate on the stock market and not just the so called professionals as you claim.

If you feel that people on here are being reckless then think again. Penny stocks are risky and many people who have been buying and selling on the stock market have made millions by speculating on these small companies. Of course many people lose money speculating on penny stocks, but you never know when that right one might come along. If you can afford to speculate on penny stocks then more power to you, but I guess those of us who aren't considered professional ( just because we are speculating on the dinar) should just stick to the Blue Chip stocks just to play it safe. Where's the fun in that? The so called profesionals or those who are making good money are the biggest risk takers of all.

Oh and by the way it's only illegal if it's insider information.

[Soliel]

Anything I have said was meant as a gift. I am not a professional, I am not a pumper and dumper, I am none of those things. Consider like a post in the speculation department...."I heard x,y and z. Now go do what you like with this information!"

I am not sure what you mean by claims. Is stating that you think a stock will go up a claim? I would like to know so I don't do it anymore. Please someone enlighten me as to what claims are.

[Tyreds Tale]

Nice thread golden! Cramer calls it musical chairs. lol You better not be the last one holding! This is one of the reasons I dont recommend anyone to buy penny stocks, unless they have fun with play money.

It is far less risky to invest through forex, margin trading, commodities, or even dinar!

I'd have to know inside information to trade pennies, but then again, that would be a corporate scandal! ;)

[Lux]

We are in the process of establishing some forum guidelines but as members, the only things you should be worried about is:
providing insider information (factual information that is not available to the general public that may effect the price of that stock).
pumping a stock, of which you are a major shareholder, to then dump it and gain major profits.Other than this, you can state your opinions on a stock based of public knowledge. Our disclaimer clearly state that no information provided on this site is verified for accuracy or veracity.

[Lux]

Pump and Dump :eek:
A highly illegal practice occurring mainly on the Internet. A small group of informed people buy a stock before they recommend it to thousands of investors. The result is a quick spike in the price followed by an equally quick downfall. The people who have bought the stock early sell off when the price peaks.
http://www.investopedia.com/terms/p/pumpanddump.asp

Poop and Scoop :lmao:
A highly illegal practice occurring mainly on the Internet. A small group of informed people attempt to push down a stock by spreading false information and rumors. If they are successful, they can purchase the stock at bargain prices
http://www.investopedia.com/terms/p/poopandscoop.asp

[inquisitive]

Yea I totally agree with Golden. Stay with something safe like Dinar!;)
That was funny..lol

[Lux]

Nice thread golden! Cramer calls it musical chairs. lol You better not be the last one holding! This is one of the reasons I dont recommend anyone to buy penny stocks, unless they have fun with play money.

It is far less risky to invest through forex, margin trading, commodities, or even dinar!

I'd have to know inside information to trade pennies, but then again, that would be a corporate scandal! ;)

Far less risk and far less reward in forex, margin trading, commodities.

Dinar and penny stocks are basically on the same plane in the risk/reward ratio. I would go as far as calling the dinar, the penny stock of currencies.

The only difference is that we may all be left holding onto decorative wallpaper.

:wave:

[Tyreds Tale]

Dinar and penny stocks are basically on the same plane in the risk/reward ratio. I would go as far as calling the dinar, the penny stock of currencies.

Dinar may be the penny stock of currencies, but I disagree that dinar and penny stocks have the same risk reward ratio. Pennies are far higher risk:

History of NID: small gains for first 6 months, steady for next two years. Can easily be sold on ebay or other auctions for a small loss.

History of penny stocks: nearly three out of four companies whose stocks are priced at less than $5 per share go bankrupt over a ten-year period.
http://www.mdnetguide.com/oncology/archive/v2n3/personal_finance.shtml

[Lux]

In in the same period, our dinars may become just as worthless with no exchange mechanism. The current market for ebay is driven by speculation. Speculation can drop to zero by just one event or announcement.

I don't want to hijack this thread, but dinars are a very high risk investment with a possiblity for total loss just like a penny stock.

[Tyreds Tale]

Bankrupt penny stocks are worse:
"About 99 percent of the stocks of companies in Chapter 11 end up being worthless," says George Putnam III, editor of the Turnaround Letter. "[Buying such stocks is] a snare and a delusion."

http://www.findprofit.com/archive/4506.html

[Lux]

Bankrupt penny stocks are worse:
"About 99 percent of the stocks of companies in Chapter 11 end up being worthless," says George Putnam III, editor of the Turnaround Letter. "[Buying such stocks is] a snare and a delusion."

http://www.findprofit.com/archive/4506.html
Thanks TT

Ouch! I'll keep away from THOSE!!!

I'll still "dabble" in the "other pennies" until the dinar hits! ;)

[Baghdad96]

Unfortuantely I have seen the way scammers pump up stocks. They usually own a ticker that is eligible to trade. The crooks then seek out legitimate company to create a reverse merger. If you did your homework you would learn about the legitimate company not the registered ticker. They then grant themselves thousands and million of share. Finally the pump the stock via e-mails, fax, etc. and watch the price rise. Then the sell and the bottom drops back to nothing. I am not a sophisticated investor but I have put people like this in jail.

I only post this warning because I have personally listened to the stories of those who have been defrauded and lost money. Personally, I would never even think about a stock that I recieved from some e-mail, fax, etc especially the "penny stock pickers."

[CramptonMotorsports]

bump for some good DD