Today I received an email from a probable promoter that I did not sign up to. I consider this spam and I’ve never heard of the site promoting it or the person behind it.
As you can see from the image, it displays the stock ticker symbol but partially hidden. Since most pump and dumps are on the OTC market, I went over to the otcmarkets stock screener and downloaded the entire CSV.
This is how a pump and dump works:
- Announce a new pick is coming
- Stock is usually bought up during premarket by the promoters
- Send out emails a few minutes before the open with the pick (usually a disclaimer about being compensated by the company - with shares or cash)
- Possible morning spike (or outright failure)
- Followed by its inevitable death of trading below a penny and possible delisting after several years
I’ve seen Trading Tickers and this is basically how it goes in the DVD. To verify it’s the correct pump you should watch the level 2 and time/sales during premarket and watch for huge trade blocks going through.
I have narrowed it down to two stocks: $APHD and $ARWD. The other ones are trading below 0.01c or have low volume.
Both of these charts look fairly pumpy to me but we’ll have to wait and see what the actual pick is at 9:29 AM tomorrow morning - I could be totally wrong. Do not sign up to this garbage using a real email account, and do not buy their picks unless you know exactly what you are doing. I have no clue how I got this email and the person behind it is a 19 year old “studying” finance.
I just checked my spam folder since I never received the pick today, and it now says the pick will come on Thursday at 9:29 AM. Neither of those stocks did anything today so we’ll have to wait and see what happens tomorrow.
I am not a registered financial adviser/broker/anything. Use this information for entertainment/informational purposes only. Any tickers mentioned are not recommendations to buy/sell/or sell short. They are used as examples only.