Re: Pump and Dump

"Tim McGraw" <[email protected]> wrote in message
news:[email protected]...
> Andy wrote:
> >
> > 1. Is P&D actually illegal or is it a case of 'caveat emptor'?
>
> Illegal. See http://www.investopedia.com/ask/answers/05/061205.asp
>
> > 2. If it is illegal then where would you make a report? Given that there
> > appear to be only 39 possible beneficiaries in this company it shouldn't
be
> > too hard to trace the scammer.
>
> The conventional wisdom seems to be that investors, NOT the owners of
> the small or nanocrap company themselves, buy up penny stocks creating
> an artificial demand through spam, raising the stock's price for a very
> short period. At which time those investors obviously sell.

Yeah, but these stocks are so thinly held, I think that the investors are
the principals in most of these.

That "It wasn't us " excuse just doesn't wash

look at KooKy Oil ;) , they contract with nonexistent companies for
meaningless well surveys etc. according to their announcements..

I'd be really surprised , if at the end of the day the spam and some
principal at kooky are well connected.