The pros and cons of MNS., page-320

ASIC warns of social media led ‘pump and dump’ campaigns


‘Pump and dump’ activity occurs when a person buys shares in a company and starts an organised program to seek to increase (or ‘pump’) the share price. They do this by using social media and online forums to create a sense of excitement in a stock or spread false news about the company’s prospects. They then sell (or ‘dump’) their shares and take a profit, and other shareholders suffer as the share price falls.

MNSfan said this….

I made a profit of $160000 in the past buying low and selling high..ALL TRUE...