yes, let's use OTC pump and dump dynamics to explain this market...incredible:
"Well, it's interesting, out of curiosity I tracked some of these stocks (MVEE, BICO, PAGE, SCON, ISCO, etc.), and they go up and crash. If you look at the charts on these things, it appears this just started at the beginning of January. The skinny on this whole thing is that these `insiders' start a phone campaign that talks these stocks up, one person tells two, the two tell four, etc. All the idiots buy it up and last tier or two gets crushed.
This is a sure sign that the credibility of the stock market is not long for this world. We may laugh at this guy, but he happened to be on the bottom tier of a couple of these with margin and the like, and he got slammed. If you really look at it, though, this scheme is not unlike the mainstream market, with the analysts as the pyramid leaders, the IPO engine as the framework, the market makers as the straight men, and finally the unwitting individual investor.
"At least my friend knows that he's in a chain-letter pyramid scheme." |
