GREY:SCSZF - Post by User
Post by
vandenpon Apr 25, 2002 1:11pm
![](https://assets.stockhouse.com/kentico-cms/0342-00/images/Sprite.svg#id_Post_Views_Icon)
260 Views
Post# 5046816
Travelingman or Johnathan?
Travelingman or Johnathan?https://www.fool.com/foolu/askfoolu/2002/askfoolu020107.htm
Q. What does "pump and dump" mean?
A. It's the illegal act of buying shares in a company, hyping it to pump up the share price, and then dumping the shares before they fall in value. Since this practice is usually done with small and volatile stocks, the pump-and-dumper's selling will likely contribute to the stock's rapid downfall.
This practice has flourished on the Internet, where unscrupulous folks have found it easy to pump up the stock prices of penny stocks (those trading under $5 per share). The Securities and Exchange Commission and others have gone after many pump-and-dumpers, so don't think of this as a new career possibility for yourself. (One famous recent case involved a 15 year-old.)
Could this 15 year-old Johnathan be the brilliant-Travelingman?
Hmmmmm.
https://www.securitiessleuth.com/roguesgallery/jonathanlebed.html