What do mean by 'pump'? This definition?-
"Pump and dump" (P&D) is a form of securities fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements, in order to sell the cheaply purchased stock at a higher price.
ps:
Pump and dump scams are illegal. The operators of the scams can be charged with misleading investors with false rumours relating to stock exchange listed companies. If found guilty, the operators of pump and dump scams can be jailed and fined heavily.Jun 22, 2017
Inflating the share price | ASIC's MoneySmart
https://www.moneysmart.gov.au › scams
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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1 | 50000 | 9.5¢ |
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Price($) | Vol. | No. |
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3 | 57000 | 0.090 |
2 | 110000 | 0.087 |
1 | 30000 | 0.085 |
1 | 20000 | 0.082 |
Price($) | Vol. | No. |
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0.099 | 19790 | 2 |
0.105 | 51348 | 2 |
0.110 | 87000 | 2 |
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