posted
Hey. I just caught onto the pump-and-dump thing. I mean, I've been involved in a few before (call me mr. bagholder), but today I actually was able to jump on a few successfully for 80-120% gains.
I was wondering what advice people could give me on dealing with these pump-and-dumps. Specifically, I found a guy on ihub that posts his picks, and then within minutes of him posting, they start their run-up. He seems to have a really good recent record of calling picks for at least 200-300% runs, so it's very appealing to me, since I can actively sit here and look at the L2s and trade virtually right alongside the MMs.
Also, what do you think the risk of a pump and dump is? I mean, if you get in at what's very apparently the bootom before it starts, is it possible that the stock will just dump itself before it even takes off? I doubt it, and that's part of the appeal to me about it, but I'd like anybody else's input that they can offer.
-------------------- Hindsight is 20:1. It's like printing money. Posts: 1129 | From: Univ of Fl | Registered: Jan 2006
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posted
Edge take a look at 10 day charts for NDOL and VRDM. Both look very close in appearance. Especially the last few days. I wish i had known of this site 3 weeks ago, and not just 2 weeks. I'd have gone in on both at the beginning of the bull run. Then you see the profit taking and slight fall, then the leveling or HOLD pattern, which is taking place at the moment. There is some dumping/profit taking, but also some noobies like myself who do not know any better and jumping in near The Peak. Also some are only selling 50%/or less their position.
Now what senario you mu=ight be refering to is HOGC, look at the spike from 20 cents to 27 cents, then back to 22 cents. Pump and dump.
kinda what you are talking about?
-------------------- Do not invest on any of my suggestions Posts: 1215 | From: baton rouge | Registered: Apr 2006
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posted
another thought. I figure it this way, if the spike is due to something really good, then the rise will hold its own, or continue for 1 or 2 more days. Most rises are of several days, usually 3. Then a fall/profit taking. Now if the spike is due to some news of fluff, it may only result in a one day spike, and the smart ones knowing the news isn't really all that important, and then dump. Leaving me holding the bag...but I'm starting to learn now.
-------------------- Do not invest on any of my suggestions Posts: 1215 | From: baton rouge | Registered: Apr 2006
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posted
INSQ/VRDM is a perfect example to look at. Folks got in low previous to this week. Late last week started a beautiful bull run. Sell off begins on late second day of the run, continues heavy on the 3rd day, light sell off on 4,5,6 days, Now its asolid hold, and starting monday a buy back in pattern starts/slowly. Noobies should study the 3 month/1 month/10 day charts for both companies for a good study in stock charts in general. This type of graph applys to both big blues all the way to pennies.
-------------------- Do not invest on any of my suggestions Posts: 1215 | From: baton rouge | Registered: Apr 2006
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while the stock's your bringing up have been good recent runners, I don't know if I'd call them pump and dumps. the stocks you're talking about actually do have decent reasons to run, and people are getting in them for those reasons.
Here's a couple stocks for you to check out and see how they qualify as pump and dumps: TFTG, FPXA, INXR, NTCV
-------------------- Hindsight is 20:1. It's like printing money. Posts: 1129 | From: Univ of Fl | Registered: Jan 2006
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posted
The key to playing those is like you said to get in early but also don't get greedy. If it's a true pump and dump they already know the exit point before they start. If you get greedy you end up chasing it down trying to get out. The problem is they allready have their sell orders in ahead of you. Your order will get bypassed. Take less profit and be happy. Instead of going for the double or multibagger, if you are pretty it is a P&D nad not a legitmate run, settle for 40-60% profit you get out clean and live to trade another day.
I try to steer clear of them myself if the stock doesn't move the way they expect it to they may pull the plug and you're dead meat. High risk High reward.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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posted
Edgewise... don't be greedy and don't let them just ride...set your profit..45%, 50 75 %100...what ever it is...set that sell point and get out..most of those stock will fall as fast, if not faster than they rose...but with this guy posting them...here's the thing...if it is a "group play"...and he is posting them...they MIGHT not fall as hard...only because of all the other people jumping from his post...but his group will get out...it will drop a little...and then it will slowly decline... I think that you decided to keep one of the runners from Friday...right? because it didn't fall back so hard? Well...be careful...it will fall back...just as soon as all of those other people, that saw his post, like you...they didn't get the profits that they wanted so they held...now they will start to dump quick because it started to fall again...Follow me?
Another thing...if the guy that you are getting the pick from says that it is going to run %300...don't hold for that 300%...get out at 150% or something...BEFORE that guys group starts selling...Yeah...your going to be pissed because it ran to 350%...but you know what...you have 150% more than you did before you saw the guys post...and you didn't get stuck in!!!
GLTY!
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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posted
10.. thanks buddy. i kept a few of his picks from Friday, actually. but I did this because I looked back a little bit and his pumps usually last between 2 and 3 days, and from the time that he called the few that I got in on, the jumps they made weren't too big, and it appears, by his continued posts, that he's gonna be pumping them the rest of the weekend and monday morning as well, so i'm expecting to see a gap on them. i plan on selling out all of my positions in his picks by 10am, just as soon as the first rush has been made. a few of his picks from this past week went up 500-1200% by some point in the day before crashing back down, but I'm definately not gonna get greedy with these and even hope for that kinda return. I've got my whole strategy marked out with the percentage gains I expect to get, and then my reinvestment rates for whatever stock I choose to get into next. Learning money management skills is key to being a long-term survivor in this game, and so I'm starting to set up a system now that'll help me protect myself a bit.
Thanks again!
-------------------- Hindsight is 20:1. It's like printing money. Posts: 1129 | From: Univ of Fl | Registered: Jan 2006
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If you wanna check out a couple of the guys recent pumps to look into, here's a list, with when he first called it: -NTCV, 4-19-06, 1:25pm -INXR, 4-19-06, 2:42pm -FPXA, 4-20-06, 10:32pm -TFTG, 4-21-06, 10:22am -IBXG, 4-21-06, 10:55am
-------------------- Hindsight is 20:1. It's like printing money. Posts: 1129 | From: Univ of Fl | Registered: Jan 2006
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posted
Thank you very much for the username. I've looked through his past picks and just about all of his picks have moved within 15 minutes of posting. If you get in early enough and don't get greedy, he gives some excellent plays.
Graham
Posts: 34 | From: Los Angeles, Ca | Registered: Feb 2006
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posted
he had a very slow day today.. and his picks from Friday that he said would move today didn't move at all, so i sold out of them early on.. but one of his calls today went up about 50%.. but i was too late to get in on it.. we'll see how he does tomorrow. i might be up for one of them again.
-------------------- Hindsight is 20:1. It's like printing money. Posts: 1129 | From: Univ of Fl | Registered: Jan 2006
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