Quote:
Originally Posted by kepp
So here's a question. I got a spam email Monday night telling me that a certain company had developed a "miracle drug" and to "buy their stock immediately". This is obviously spam and, after searching around about the email and ticker symbol (and researching the company itself), it learned about "pump and dump" scams. My question is, if you are confident that you know of a pump and dump scam about to start, what is stopping you from jumping on the wagon with the scammers? You'd have to time your sell to beat theirs, but that's about it, right? I ended up buying 30 shares for fun and it went up almost 40% yesterday.
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There's nothing stopping you aside from the fact that you can't really know if it's about to climb or if it's already climbed and about to crash. Like a lot of these "make 50% in a day" ideas in the last few pages of this thread, it's basically gambling.