posted
I just wanted to pass on my knowledge of paid pumper sites + mailers to all those reading.
Whenever I have seen a paid pumper on a stock(usually paid by third parties, and not the company), this usually has negative effects on the pps. Always read the fine print in any adds to see if any compensation was given to these sites. Also, many paid pumps begin after a stock has risen in pps, and is awaiting a correction in pps.
My hunches tell me that the third parties could be off shore hedge funds shorting these stocks. Many veteran stock traders bail when they see paid pumpers getting on a stock that they own as they have seen the results of price decline with their own eyes as a result of paid pumper's effects on a stock. My own opinion on these actions is that this is indirect price manipulation of a stock.
Hope my 2 cents helps any newbies.
Allstocks **'s out any paid pumper sites so we as traders/investors do not get taken for a ride and lose our hard earned money in a paid pumper manipulated stock.
[ June 04, 2006, 22:12: Message edited by: Peaser01 ]
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