Da ... ya think?

I am old enough to have been around during the hey-days of the Vancouver Penny Stocks. Pumps and Dumps ... scams as old as the markets.

Once you have watched a number of Pump and Dump schemes in action they are all about the same, and you can "smell" them at a glace without even having to do any Due Diligence.

As an outsider who is totally unconnected with those doing the "Pumps and Dumps" you can tag along and make some good coin as long as you don't get too greedy and stay under the promoter's radar. Don't try to get out in the final rise to the top - that is when those doing the pumping are getting out, but get out a bit early and be happy to have made a good amount of coin without having taken on much risk.

Once the promoter is out the stock is GUARANTEED to collapse, though sometimes they have built up the excitement among the "marks" so much that it continues higher for a bit as the final buyers crowd in. DO NOT BE A FINAL BUYER!! Don't subscribe to THE DREAM.


As the old saying goes:

In the beginning the Promoter owns the Dream and the potential investors have the money.

In the end the Promoter has the money and the potential investors own the Dream.