Does rooting for a stock help it go up?

Answer 1

If you have access to a wand, the proper swish and flick, and can properly say "Wingardium Leviosa," then yes, it might work.

Rooting is ok.

Touting may not be ok.

Using an instrument of interstate commerce to "pump and dump" is definitely not ok and probably not very smart if you have to ask.

I'm not sure if using magic is against any rules.

Answer 2

People involved in theater productions hundreds of years ago used to hire "touts," whose job it was to attend the production and laugh at the funny lines, stand around during the intermission telling legitimate audience members how terrific they thought the first part had been, and cheer wildly at the final curtain. The idea was to influence the opinion of the audience and convince them that the performance had been great and that they must tell all their friends to see it.

If such "rooting" works in the stock market at all, the measure is increased buying and decreased selling, which will drive up the price. If you are "rooting" with a column read by hundreds of thousands of investors and some small percentage of them actually buy the stock on your say-so, then, yes, rooting can send up the price of the stock.

And, of course, this is what criminal gangs are trying to accomplish by sending out spam email touting a particular penny stock as one that will soon go through the roof. They buy some dirt-cheap shares, then tout the stock and hope that a few people receiving the e-mail will think they are receiving a genuine hot tip and will buy the thinly-traded stock at an inflated price.

However, it takes a huge platform to move the market. Your "rooting" would have to reach a lot of people to make a difference that you would see in the price.

Answer 3

What do you mean, rooting for a stock? If you mean rooting for a stock the way you root for a sports team, then the answer is no. It takes more buyers (demand) than sellers (supply) to make a stock go up. Trying to do things to artificially inflate the value of the stock will be extremely short lived.

Answer 4

Trying to cheer on a stock is a nice example of how our emotions make us lousy investors. You have to be objective, and that's very, very hard without having built for yourself a very robust system for the way you trade. The thing is, if you are holding a stock and it's not going anywhere, or has gone down, what is the point of continuing to hold it? Hope? A sure way to lose money in the stock market. The thing to do is admit your mistake and move on. Of course, as soon as you sell it, it may go up, or it may continue to go down. Just walk away. There's always another train leaving the station. That's what you should pay attention to.

Answer 5

I actually remember reading an article about this kid who was like 13 or 14 years old and was a virtual genious when it came to investing and computers. His parents gave him like 10k or something to invest and went out and found legitimate companies that trade OTC, and would send out mass email's to try to get people to buy the stock to inflate the price, apparently whatever he was doing worked because he made a couple million, but then the SEC stepped in and I can't remember the details, but I think he got to keep about half his money, but not sure. So yes it's possible but probably unlikely

Answer 6

I wish, start a really good rumor like it is going to be bought out by a bigger company thet usually sends stocks upwards, rember k-mart, they where almost in BK, the stock was about $7.00 per share when Sears bought them out the stock jumped all the way up to over $100.00 per share.
Penny stocks can be a good way to make money but risky,
I had 100,000 shares of Betm, anerican wagering that I bought when they filed bk at .05 each, today the stock is around $1.50 to $1.80, figure that one out in $$$$$$$$$$!
I try to do research on up and coming companies!
Another way to go is only invest in companies that offer dividends, you can set up an account to invest in whats called dips, everytime thery pay dividends, usually quartly they take the dividenands and apply it towards the purchase of another stock to built up your account, td waterhouse is great!

Answer 7

No.

Price action based on quality buying does.

Cheerleaders (who populate Yahoo stock message boards) are small investors who don't have any more money to buy their pet stock so by rooting they are hoping to get others to lift the price for them.

Serious money does not need cheerleaders to tell them which stocks to buy.

Answer 8

I've been trying to do this since last year. My voice is almost gone. My stocks are down 3.7%.

Maybe I should have used a megaphone. Let me know.

Answer 9

Yes, I believe it does but I'm not sure. I would defiantly try it although it could hurt much.