WASHINGTON, March 25, 2014 /PRNewswire/ — The Wall Street Fraud Watchdog is urging stock investors to be extremely cautious with Internet penny stock promotions, because they are convinced these types of marketing gimmicks are designed to pump up a stock's value, before investors who bought at a much lower price can jump ship – leaving the new investors holding the bag. This scheme is also called pump, and dump. http://WallStreetFraudWatchdog.Com
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The Wall Street Fraud Watchdog is urging stock market investors to not get lured into a pump, and dump stock Internet promotional scam that has been designed to lure new investors in without much actual upside for the promoted stock.
The group says, "We have been working on this project for about a year, and we think pump, and dump stock market schemes are becoming much more widespread. Do some investors win sometimes – yes. However, we think it is just as easy to lose, so we are suggesting investors do a little homework before they jump in and buy into an Internet promotional scheme designed to spotlight a stock with suggestions of huge returns, or get in before it's too late." http://WallStreetFraudWatchdog.Com
The Wall Street Fraud Watchdog is suggesting investors looking at buying an Internet-promoted stock that they received an alert about to write down to ticker symbol, and go to CNBC's website, and check the chart of the stock associated with their symbol. CNBC has a super-informative feature on a listed stock's page where it says "View Advanced Charts." This chart will typically show an investor if a penny stock has just had a dramatic run up, prior to the promotional e-mail that says buy this stock before it's too late. A dramatic run up may signal the stock is already pumped, and the promoters are getting ready to dump. http://WallStreetFraudWatchdog.Com
The Wall Street Fraud Watchdog is also suggesting investors who might be interested in penny stocks to check out a website called Seeking Alpha. Seeking Alpha offers very solid research on many stocks, with good-to-great analysis. Are they always right? The answer is no. However, the Watchdog believes they are an extremely honest resource for investors. http://WallStreetFraudWatchdog.Com
For attribution purposes please refer to the SEC website about Internet pump & dump stock schemes: https://www.investor.gov/investing-basics/avoiding-fraud/types-fraud/pump-dump-schemes
Media Contact:
M. Thomas Martin, 866-714-6466