Four Days in the life of a Mini Stock Pump and Dump
Promoters Rick Matthews (rrm_bcnu), John M. Hollen (jmhollen) and Timothy Fostik (PQL Research) combine to promote a mini stock pump and dump.
Details of the company, the message board and highlights of their actions to be published on this blog during the week of October 15, 2007.
In the meantime, you are welcome to post in the comment section below what you thoughts are on the name of the company and message board that these three promoters used to pump the stock, then, for some, sell after a multi-hundred percent increase in the stock price.
In this short 4 day pump and dump stock promotion, the promoters used the classic hype methods common in scam stocks:
1. The opening of an Internet Message Board moderated by one or two of the promoters to make sure that negative, but truthful, facts about the company are deleted.
2. A projected stock price 5-10 times greater than that currently trading stock price.
3. Strong praise of the "high quality" of management.
4. An alleged large naked short position by the evil offshore hedge funds.
5. The upcoming short squeeze that will happend once these evil naked shorts cover their position.
6. The promise of a stock buyback by management.
7. The use of Technical Analysis (TA) to induce stockholders to hold on or buy more stock due to the upcoming higher price shown by the TA.
8. More talk of how the evil naked short sellers have attacked the company and caused the current soft stock price.
9. The good old phrase - "the stock is trading at its low, it couldn't go any lower than this price".
10. An attack on the evil cybersleuths that might come on the message board to post nonsense about the company, which would happen to be the truth about the background of management and previous bad experiences.
___________________________________________
Details of the company, the message board and highlights of their actions to be published on this blog during the week of October 15, 2007.
In the meantime, you are welcome to post in the comment section below what you thoughts are on the name of the company and message board that these three promoters used to pump the stock, then, for some, sell after a multi-hundred percent increase in the stock price.
In this short 4 day pump and dump stock promotion, the promoters used the classic hype methods common in scam stocks:
1. The opening of an Internet Message Board moderated by one or two of the promoters to make sure that negative, but truthful, facts about the company are deleted.
2. A projected stock price 5-10 times greater than that currently trading stock price.
3. Strong praise of the "high quality" of management.
4. An alleged large naked short position by the evil offshore hedge funds.
5. The upcoming short squeeze that will happend once these evil naked shorts cover their position.
6. The promise of a stock buyback by management.
7. The use of Technical Analysis (TA) to induce stockholders to hold on or buy more stock due to the upcoming higher price shown by the TA.
8. More talk of how the evil naked short sellers have attacked the company and caused the current soft stock price.
9. The good old phrase - "the stock is trading at its low, it couldn't go any lower than this price".
10. An attack on the evil cybersleuths that might come on the message board to post nonsense about the company, which would happen to be the truth about the background of management and previous bad experiences.
___________________________________________
posted by the_worm06 | 10/10/2007 02:13:00 AM
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