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Pastimes : Makin' money honey

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To: sandintoes who wrote (2042)2/18/2006 11:56:03 AM
From: stock leader  Read Replies (1) of 2260
 
It depends, it might only take 20-30 criminals to begin a pump job or maybe more. the success of the pump job is solely based on the number of illegal spam messages on yahoo and the amount of times the ticker flashes on the CNBC tv ticker. I wonder why the SEC is not cracking down on this?

The outcome is the same in all these criminal pump jobs---the ignorants that buy towards the end always lose money (in extremely quick fashion). Typically those that buy at the tail end quickly lose 30%-80% in mere hours or days. Pump jobs almost always involve tiny microcap companies that have no chance of success. And the stock never comes out with any news that justifies such an increase in price.

the target of the criminals is usually a stock with market cap under $20 mill that hardly anyone knows anything about. The tiny market cap or tiny share float is key to these pump jobs. Afterall it is essentially impossible to lift a $100 billion company by 100% in a day, but potentially very easy to lift a $10 mill company 100% in day
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