If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

What does "pump and dump" mean?

shamblertine · 2009-08-29 18:01:42

Heard this mentioned a few times when people are talking about share price, but what exactly does it mean?

29-08-2009 6:01pm

#1

shamblertine

Closed Accounts Posts: 888 ✭✭✭

Join Date: November 2006

Posts: 742

Heard this mentioned a few times when people are talking about share price, but what exactly does it mean?

0

Comments

#2 29-08-2009 7:43pm

Idu

Registered Users, Registered Users 2 Posts: 1,152 ✭✭✭

Join Date: June 2007

Posts: 1128

It's when people manipulate the share price higher to take big profits and then sell all their shares. They can do this through falsely positive news releases or bidding up stocks to make them appear stronger than they are which suck in average investors. Once the pumpers get rid of their shares the price returns to a normal level and the average shareholders have lost money.

It's an illegal practice. Hard to prove though

0