OTCQB:JOSMF - Post by User
Post by
gymnastsson Nov 22, 2003 12:32am
148 Views
Post# 6686241
Pump and Dump
Pump and Dump I AGREE WITH YOU. THIS LOOKS LIKE A SCAM.
SUBJECT: The big scam. Posted By: Funmeister
Post Time: 11/20/03 15:12
The big scam.
Sorry Folks, your board has been invaded by the Pump and Dump Gang!
Method of operations:
A) Identify a stock that has some or all of the following properties.
...1) Penny stocks
...2) low daily trading volume
...3) Minimal free trading shares or very little volume on the ask.
B) Accumulate a portion of the stock at current trading prices
c) When ready, buy out a large portion of the asks thus running the price up.
D) Bombard the Bullboards with postings about Rumors, Contracts, buy-out specualtion (They don't really care if everyone believes it,
it gets them listed on the most active Bullboards)
E) When enough people bite at the higher levels, they sell them their cheaply aqcuired shares and move on to the next unaware board.
Known Members:
arabiantrader
davoridani
ttsloutskou
retailboy
saviobhargava
mcdonald900
qualitydirect
gregy99
cashmoney123
mikecock
mikevander
Plus some others.
Don't Bite!
This has been a public service warning from your friendly neighborhood Funmeister.