What is Pump and Dump?
🤖 LARRY'S TAKE
" Ah, the classic art of blowing up a financial balloon until it gloriously pops in the face of unsuspecting investors. It’s like a surprise party, but everyone gets the bill. "
BORING DEFINITION
Pump and Dump is a fraudulent scheme that involves artificially inflating the price of an owned stock through misleading, positive statements, to sell the cheaply purchased stock at a higher price.
REAL WORLD EXAMPLE
> Timothy posted exaggerated news about a small tech firm online, watching excitedly as its stock price soared, before quietly selling off his shares for a profit.
🔥 Today's Candidates for this Term (Top Losers)
Data delayed. Financial advice? No way.