was reading this below thread and thought, why not create a thread where we can all share instances where we find any stock being advertised or pumped in Youtube, telegram and elsewhere so that it can help all of us to stay away from such pump and dump counters.
This is a good idea! It can be very helpful if we contribute to such a group or thread from time to time. Fraudsters send comments on the internet urging investors to acquire a stock rapidly, claiming to have inside information that some development would result in a price increase for the stock. When buyers enter the market, the culprits sell their shares, causing the price to plummet substantially. Then, new investors lose their money.
It is crucial for traders to know in detail about pump and dump in stocks and the various methods scammers employ to do so.
By being aware of such scams, traders can protect themselves from ‘pump and dump’ in the stock market.