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Old 06-01-2011, 07:29 PM  
Bladewire
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Join Date: Aug 2003
Location: Monarch Beach, CA USA
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Pump & dump wiki : "Pump and dump" is a form of microcap stock fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements, in order to sell the cheaply purchased stock at a higher price. Once the operators of the scheme "dump" their overvalued shares, the price falls and investors lose their money. Stocks that are the subject of pump-and-dump schemes are sometimes called "chop stocks".



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Last edited by Bladewire; 06-01-2011 at 07:31 PM..
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