Pump and Dump PennyStock Scams?

Forum: Investments
Author: [Investments] Topic: Pump and Dump PennyStock Scams?
J.J. Dean PM J.J. Dean
Joined: Dec 2002
Posts: 760
Ontario
 
J.J. Dean
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Posted: 12/11/2012 2:36:13 PM
Anyone have any experience with these? Ive been following of few of these "touts" in that past few months and assuming the stock is being pumped for the first time, the stock do "pump" a solid 50% to 100% within the first day!
I understand the scam and the workings of it. My question is; Has anyone followed thru and made money on a pump and dump scheme?
J.J. Dean PM J.J. Dean
Joined: Dec 2002
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J.J. Dean
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Posted: 12/11/2012 2:38:35 PM
I'll make Dec 12 my 10th year anniversary date here on Covers!
wallstreetcappers PM wallstreetcappers
Joined: Feb 2003
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Posted: 12/11/2012 3:20:45 PM
Usually the pump percentage assumes you got in before the pump.


avenue PM avenue
Joined: Jan 2010
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avenue
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Posted: 12/13/2012 6:27:32 PM
hotdamn85 PM hotdamn85
Joined: Mar 2011
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Posted: 3/28/2013 9:46:39 AM
i did a long time ago...

cbai was a good stock.
igc is still a good stock for this method

avxt was good while it lasted


you just gotta be patient and get in when volume is low(or lowest) and hold out until the hoards come. once u see it spike 50% in one day make sure u either sell that day or the next. happy trails.
Michael990 PM Michael990
Joined: Jul 2012
Posts: 290
 
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Posted: 3/28/2013 11:10:42 PM
I once saw a pink sheet stock go from 1 cent a share to 50 cents in one day...then back down to 12 cents before the mkt closed. Greatest pump n dump ever 
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