Because we are an UNOFFICIAL $ELTP blog, we have the luxury to post information from all sorts of venues. The best bang for the buck tho happens to be the ongoing hit parade on Ihub, where the list of investors following the company has dramatically increased in the days since I first invested in winter of 2010.
dr_lowenstein
I see, well I never suggested it was a scam. Do you think it is a scam?
Aqua
No sir, actual pump-and-dumps are scams. But there are instances in which investors create a pump-and-dump opportunity. Allow me to use Apple Inc. as an example. We all know the PPS is pumped before earnings and then dumped right after. Does that make Apple, Inc. a bad company for shareholders to profit in the end?
Cheers!
dr_lowenstein
as I said, I never described the company as a scam. are you saying that you think it is?
Wasn't the answer "No sir, actual pump-and-dumps are scams."? Not sure what what to call your line of questioning that you use (often) but it sure appears masturbatory the way you badger (often). $ELTP has seen peaks and valleys though neither their highest peak nor their lowest valley give a proof positive signal of pump-n-dump, in this blogger's estimation.
If P&D is synonymous with "scam" than you most certainly have made this claim endless times. Have you said the word "scam"? Well you've used P&D countless times.
"Pump and dump" (P&D) is a form of microcap stock fraud that involves artificially inflating the price of an owned stock
through false and misleading positive statements, in order to sell the
cheaply purchased stock at a higher price. Once the operators of the
scheme "dump" sell their overvalued shares, the price falls and
investors lose their money. Stocks that are the subject of pump and dump
schemes are sometimes called "chop stocks".[1]
dr_lowenstein
I see, well I never suggested it was a scam. Do you think it is a scam?
Aqua
No sir, actual pump-and-dumps are scams. But there are instances in which investors create a pump-and-dump opportunity. Allow me to use Apple Inc. as an example. We all know the PPS is pumped before earnings and then dumped right after. Does that make Apple, Inc. a bad company for shareholders to profit in the end?
Cheers!
dr_lowenstein as I said, I never described the company as a scam. are you saying that you think it is?
Wasn't the answer "No sir, actual pump-and-dumps are scams."? Not sure what what to call your line of questioning that you use (often) but it sure appears masturbatory the way you badger (often). $ELTP has seen peaks and valleys though neither their highest peak nor their lowest valley give a proof positive signal of pump-n-dump, in this blogger's estimation.
If P&D is synonymous with "scam" than you most certainly have made this claim endless times. Have you said the word "scam"? Well you've used P&D countless times.
A: A pump and dump scam is the illegal act of an investor or group of investors promoting a stock they hold and selling once the stock price has risen following the surge in interest as a result of the endorsement.
Penny stocks are ripe for pump-and-dump scam
Pump and dump
From Wikipedia, the free encyclopedia
The "night singer of shares" sold stock on the streets during the South Sea Bubble. Amsterdam, 1720.
Pump And Dump
DEFINITION of 'Pump And Dump'
A scheme that attempts to boost the price of a stock through recommendations based on false, misleading or greatly exaggerated statements. The perpetrators of this scheme, who already have an established position in the company's stock, sell their positions after the hype has led to a higher share price. This practice is illegal based on securities law and can lead to heavy fines.
The victims of this scheme will often lose a considerable amount of their investment as the stock often falls back down after the process is complete.
Conclusion: Am I with pumpers? Hell no. Am I rooting for $ELTP, hell yes. Do I KNOW this will hit $1 ? Uhm, I cannot predict the future and neither can anyone else - but am I using fear tactics to get my point across? There does not seem to be a need for that, even at $.41 cents a share, you just never know. Masturbate away, ol' chap!
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