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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » How to Avoid Penny Stocks Scams.

How to Avoid Penny Stocks Scams.

+2
SHARK aka TAH
Lalindra
6 posters

Go down  Message [Page 1 of 1]

1How to Avoid Penny Stocks Scams. Empty How to Avoid Penny Stocks Scams. Tue Aug 19, 2014 3:24 pm

Lalindra

Lalindra
Manager - Equity Analytics
Manager - Equity Analytics

Penny stocks persistently become the victim of dishonest pump and dump schemes. Fraudulent companies adopt these schemes to make money off of your gullibility. Misleading statements or outright false or outlandish future projections stimulate buying which pushes the price higher. This is called the "pump". While these promoters are hyping the stock and telling everyone to buy shares, there are actually selling shares they bought before the rise in price they created. This is called the "dump". If the promoter doesn't actually have shares, they were usually paid to promote the stock by other holders who are selling. No real research is done on the company, it's pure hype to create interest so they can sell. Once the 'pump' stops, the share price usually collapses.
(Courtesy wikiHow)

2How to Avoid Penny Stocks Scams. Empty Re: How to Avoid Penny Stocks Scams. Tue Aug 19, 2014 3:58 pm

SHARK aka TAH

SHARK aka TAH
Expert
Expert

Lalindra wrote:Penny stocks persistently become the victim of dishonest pump and dump schemes. Fraudulent companies adopt these schemes to make money off of your gullibility. Misleading statements or outright false or outlandish future projections stimulate buying which pushes the price higher. This is called the "pump". While these promoters are hyping the stock and telling everyone to buy shares, there are actually selling shares they bought before the rise in price they created. This is called the "dump". If the promoter doesn't actually have shares, they were usually paid to promote the stock by other holders who are selling. No real research is done on the company, it's pure hype to create interest so they can sell. Once the 'pump' stops, the share price usually collapses.
(Courtesy wikiHow)

Well Done its timely Lali ....  cheers 

3How to Avoid Penny Stocks Scams. Empty Re: How to Avoid Penny Stocks Scams. Tue Aug 19, 2014 3:59 pm

SHARK aka TAH

SHARK aka TAH
Expert
Expert

+Rep from me too Very Happy

4How to Avoid Penny Stocks Scams. Empty Re: How to Avoid Penny Stocks Scams. Tue Aug 19, 2014 4:02 pm

SHARK aka TAH

SHARK aka TAH
Expert
Expert

So it seems PCP PCH PCHH And new Kid in the Block UBC and OGL ......

Beaware of the next .....

Spin Doctor is part of the racket ......
All with shady deals......
There are good shares of real companies .....

5How to Avoid Penny Stocks Scams. Empty Re: How to Avoid Penny Stocks Scams. Tue Aug 19, 2014 7:20 pm

lux2014

lux2014
Manager - Equity Analytics
Manager - Equity Analytics

But some time back there were reports that Doctor is supporting poor retail investors by actively propping up the share out of sympathy for them.

6How to Avoid Penny Stocks Scams. Empty Re: How to Avoid Penny Stocks Scams. Tue Aug 19, 2014 7:36 pm

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics

Yeah.but some promotions are also done even today.good piece of advice.

7How to Avoid Penny Stocks Scams. Empty Re: How to Avoid Penny Stocks Scams. Tue Aug 19, 2014 8:12 pm

SHARK aka TAH

SHARK aka TAH
Expert
Expert

lux2014 wrote:But some time back there were reports that Doctor is supporting poor retail investors by actively propping up the share out of sympathy for them.
omg has he become Gandhi G  bounce 

8How to Avoid Penny Stocks Scams. Empty Re: How to Avoid Penny Stocks Scams. Tue Aug 19, 2014 8:25 pm

Lalindra

Lalindra
Manager - Equity Analytics
Manager - Equity Analytics

Talk of wolves in sheep's clothing.

9How to Avoid Penny Stocks Scams. Empty Re: How to Avoid Penny Stocks Scams. Wed Aug 20, 2014 12:20 am

Dr Stock

Dr Stock
Co-Admin

Trading with penny stocks is an art.
It should be experts field. New comers should not burn their hands with them.
Its all mathematics.
My personnel view is , it is not thing to avoid. But one should not start with it.
Cheers !

10How to Avoid Penny Stocks Scams. Empty Re: How to Avoid Penny Stocks Scams. Wed Aug 20, 2014 11:01 am

bandulawee


Manager - Equity Analytics
Manager - Equity Analytics

Agree with Dr Stock. If you have a bit of spare money which you won't mind loosing there is no reason to take a gamble.

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