Monday Mayhem FBI Busts 22 Penny Stock Scammers Operation "Penny Pincher" nabbed 22 penny stock pumpers. As I often point out to our Members, a stock doesn't have to be a penny to be a penny stock any stock with a market cap under $100M is generally what we're talking about regardless of the share price . That's because the stock can be easily influenced by exactly the kind of action the FBI proved is RAMPANT in this industry a single trader can, for a fee, move money into the stock and send the prices skyrocketing then press releases are put out to whip retail investors into a frenzy and they follow with their money and, usually, get burned. Of course, the same thing happens with mid-cap stocks as well and even large-caps it's just that the people manipulating those stocks are generally better at covering their tracks! 22 is the number of people the FBI caught in the short period of time an operation like this can run before word gets out that their cover people are conducting a sting. Obviously the markets are manipulated. We know CEOs and their Boards worry about the stock price the minute they begin to worry about the stock price, manipulation is sure to follow. That's the way the system is designed. We have a Fed who worries about the price of the market and they manipulate it too! It's our job simply to be aware of the manipulation and take it into account in our trading and investing decisions . Back on June 12th , I began a series of articles pointing out that oil and gasoline prices were being manipulated into the holiday weekend. Oil shot up to $107.68 that day and stayed between $105 and $107.50 through June but the EXTREME lack of actual demand we warned you about. This morning, oil is below $104 and up $3,500 per contract from a short at $107.50 a trade we highlighted for our readers Friday morning, June 13th . You can subscribe to Philstockworld and get interesting trade ideas like that one, in your mailbox, at 8:30am Operation "Penny Pincher" nabbed 22 penny stock pumpers.
As I often point out to our Members, a stock doesn't have to be a penny to be a penny stock any stock with a market cap under $100M is generally what we're talking about regardless of the share price.