A Big No for Pump and Dump Stocks
Many people are very well aware of different information coming from internet. In this high technology world, people get connected, people find each other, and people get informed by just a click of a mouse. Internet is the easiest way to get various news and information. Many people or group of people is taking ad pump and dump groups vantage to earn money through internet. Many are even taking advantage of other people and getting their money. One of the very famous scams is investing to pump and dump stocks. Yes, this is very common and popular nowadays. Although there are plenty of articles and information available online explaining what is this all about, still there are other people who are getting into it and losing their money.
If you happened to bump some websites who are offering investment like this, do not just think twice, but think more and evaluate carefully the transactions being offered. This is normally done by crooks who are expert to pump and dump stocks, by buying huge number of shares of penny stocks. Of course penny stocks are normally of lower values. Then these crooks will do some press releases or write ups through the internet, talking about these penny stocks. Of course there are plenty of encouraging words and even testimonies that they earned a lot. With this, people will be persuaded to get into their cranks. People will start buying these stocks until to a point that the crooks will sell the stocks at higher values. So once that happened, these stocks will increase the value in the trading market, until to a point that the value of shares will fall down.