making a fortune, page-23

re: lum-sign of times-no pun Subject re: lum-sign of times-no pun
Posted 28/02/04 09:43 - 41 reads
Posted by Mr Sism
Post #246202 - in reply to msg. #246198
This comment cut & pasted from an experienced poster on the TNO discussion forum, thought it was an interesting point of view & relevant:





'Any imprudent buying can set off a charge, and sometimes it does not take much volume/price change to have the search engines see the movement. The difficulty with these stocks is they are vulnerable to manipulation. Someone accumulates, then trips the price north, and sells into the wave of euphoria.

In the pre 2000 boom years, I watched a bunch of pump and dump merchants do this on a regular basis. ASIC were sound asleep.



toneo wrote..:

nothing illegal about accumilation and then dumping..!
Motive is too buy low and sell high....
Thats trading....

tell me where it says that this is illegal...???????