Re: Spam increase

[Valdis.Kletnieks () vt edu]

On Wed, 07 Jun 2006 09:13:22 CDT, Brian Loe said:

> What's a pump'n'dump?

pump and dump - usually done with a penny stock (one trading under
a dollar a share).  You (usually in cahoots with some insiders) get
hold of several million shares at $0.10 a pop.  Then you use spam runs
and the like to generate some interest and drive the price up (the pump).  So
hopefully enough suckers bite to get the price moving up - and when
it gets up to $0.50 or so, you dump your shares for a quick profit.
Of course, the dump will cause the price to crash, and possibly cause
the company to fold.  Not that the scammers care...

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