Woodward Trading is probably run by Mr. Woodward from a spare bedroom. I keep saying that anyone can buy time on PR Newswire for very little money. However, I haven't been able to determine when a release will catch the interest of investors, and when it won't. Asensio's releases are mainly ignored, now.
I wouldn't set up my own pump & dump operation because I'd feel guilty for robbing widows and orphans. Publishing releases as a short-seller against those companies we consider extremely overvalued is more palatable. However, it's less rewarding than hyping on the long side, as a short can only fall 100%, whereas the hypesters can pump up a company 500% or more.
I wonder if the SEC will ever step in against these hype jobs, which are very blatant.
If Roger is correct that yesterday's partial recovery means we are on the way back up, to Dow 10,000, then we'll probably be seeing more hype jobs and manias. I wouldn't go long such an issue, unless you're sitting in front of a day trader's terminal, as these stocks can turn on a dime. But I may try to short a few of them for the ride back down. |
