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by smcn
1142 days ago
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It definitely is. A pump and dump is a coordinated effort to artificially raise the price of a stock. Posting technical analysis and/or positive news that encourages people to take a position is not a pump and dump. No more than any financial article that has ever been written. |
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And with what methods are such coordinated efforts carried out? By communicating a narrative intended to convince people that the stock will go up, so that the audience buys it and it does go up.
The narrative is the central element of the pump of a pump and dump.