View: Featured Post: Pump ‘n Dump Geology | Trade Flight Plan
Featured Post: Pump ‘n Dump Geology | Trade Flight Plan
Pump 'n Dump Geology
Like many traders, our mailbox is littered at times with the most interesting penny stock solicitations. If there’s any doubt whether these hot tips are pump ‘n dump schemes allowing insiders to unload, we offer the following monolithic igneous intrusion samples.
Last Summer, one of the most interesting penny stock alerts was JAMN, with ties to one of Bob Marley’s sons, no less. The Devil’s Tower formation occurs in May 2011. We can see what happened after that.
It’s a wonder this stuff is legal, but hey, they didn’t start cracking down on market manipulation until the FB and JPM risk management swap meets this year.
Last week, just in time for this Summer’s Most Interesting Stock Award, the following penny stock alert appeared in the mail…
Yes, OREO… No, not the delicious wafer cookie, but American Liberty Petroleum…
Only challenge was that by the time we received the solicitation, the stock already had its run. Maybe someone was hoping for another one of Rohan Marley’s espresso shots.
As an added link, this article well describes the process behind pump ‘n dump stock schemes.
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