SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : NewsEdge (NEWZ = INDV + DTOP) -- Ignore unavailable to you. Want to Upgrade?


To: rod runyan who wrote (583)7/31/1998 11:43:00 PM
From: LTK007  Respond to of 2365
 
Rod I have never seen a pump and dump work this way,myself--also pump and dumps generally be accompanied by hype,if not publicly at least by cold-call pressure selling by scam brokers of shell companies--no,I see no pump and dump--it would be a suicidally risky play by the pumpers--and you do not pump a stock by suddenly buying a million shares at premium price just before and after the close--but it does smack of takeover.If it was one buyer they now own between 8-10% of the float,and per law must be identified within days,but I forget how many days.One wild guess,and GUESS ONLY! is Zapata.Goood Luck,Max



To: rod runyan who wrote (583)8/1/1998 2:41:00 PM
From: J. Stone  Respond to of 2365
 
Rod:

I seriously doubt Friday's move was a "pump and dump." I usually monitor NEWZ everyday on a Level II, but on Friday I was watching WCAP tank, and I failed to catch the run on NEWZ until the last 5 minutes of the day.

There was a lot of buying on this stock (obviously); so much so that I thought NEWZ had been bought out. Yet, no news.

My experience is that a 70% jump in a stock's price, in 15 minutes, on no news, in a relatively unknown company, bodes well for shareholders.

regards,

JS