With people like Jim Cramer or the "latest reports" from CNBC adverising network or the latest predictions by some highly paid journalists or analysts , how common is the "bubble" situations in the stock game?
what is your defense or argument against this assumption?
2007-02-05 06:46:51 · 3 answers · asked by Anonymous in Business & Finance ➔ Investing
Of course it is common. If there is a way to make a buck, it is going to be pursued. There was the big scandal several years ago, when a major brokerage exchange was telling their customers to buy one of the worthless dot coms while they were selling like mad.
Pump and dump is very prevalent in the penny stocks. Don't you get about 3 or 4 emails a day telling you what a wonderful stock so and so is at 0.30 a share and it is going to $2.00 within a month?
2007-02-05 06:59:11 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Jim Cramer, Maria B, Jim Jubak and others may "pump" but they don't "dump" without telling you in plenty of time or else the SEC will be on them. If you read Jim Jubak's column at msn.com, you will see he will say "I will buy (or sell) the stock 3 days after this column is published." They all say, if they or members of their close family own the stock they are talking about. Pump and dump schemes are mainly (never say "never" or "always") confined to the NASDAQ Pink Sheet stocks and when they are pumped and dumped, its not by well known journalists. The journalists can have an effect on stock prices, but it is usually short lived and only a small effect.
2007-02-05 09:37:55 · answer #2 · answered by gosh137 6 · 0⤊ 0⤋
Sorry I thought you were referring to sex
2007-02-05 06:51:33 · answer #3 · answered by Nikki 4 · 1⤊ 0⤋