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To: s martin who wrote (2054)3/13/1998 10:33:00 AM
From: Joe Master  Read Replies (3) | Respond to of 6528
 
What day was pump and dump monday. Would be interested to read the posts from that day. Dont tell me the main pumper was a boxer from the Chicago area. <G>



To: s martin who wrote (2054)3/13/1998 8:49:00 PM
From: Arcane Lore  Read Replies (1) | Respond to of 6528
 
<off-topic>

Speaking of pump and dump -

IHIN Pump and Dump (?) Thursday followed by Trading Suspension Friday:

International Heritage (IHIN), #Subject-19746 (also #Subject-12778) has an IPO yesterday, shoots up in price from $13 to $19 1/2 (yesterday) and then today to $34, subsequently sinks to $26 1/2 before 'closing' prematurely at 1:00 EST when the SEC suspends trading (#reply-3702991).

Would that the Feds always moved so quickly. Perhaps prior investigations by the state of North Carolina (or others?) of IHIN as a possible pyramid scheme may have given them some familiarity with it. See:

news-observer.com
news-observer.com

In any event its nice to see the SEC move so quickly. Now if only they could act before the 'pump' phase starts...



To: s martin who wrote (2054)3/14/1998 10:45:00 AM
From: Commishman  Respond to of 6528
 
Quite the contrary - I was one of the lucky ones. I got in on 1/8/98 at .03 - watched it move up to .30 on 2/9 and was getting greedy. When it started to move in other direction, I got out on 2/11 at .0975 - still did pretty good. I have again bought back in at .0335 thinking it will make another run within the month - only time will tell - at least I'm in with free money.