QUOTE(lurkingaround @ Feb 19 2021 @ 11:59 AM)
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There are mainly 2 types of pump-and-dump scheme conspired by BIG Shark stock manipulators, ie the very quick one like the Gamestop/GME share price being pumped from about US$20 to US$400 over 5 days; ... and the very slow one like the DJI and AAPL share price being pumped up gradually over about 10-20 years or so.
Note that the Dow Jones NY Stock Market had Crashed(down by >50%) in 1974, 1982 and 2008. .......
https://www.macrotrends.net/1319/dow-jones-...istorical-chartThe Business news media are likely part of this pump-and-dump scheme.
In the Free Market, it is easy for BIG Sharks to manipulate stock/share prices according to their news-media-scripted scenario, eg the short-squeeze of GME/Gamestop shares. They become like gods of the Stock Market, eg able to set the date for a pump or a Market Crash.
Eg we can have institutional investors like Hedge-fund/Mutual-fund A, B and C who were holding a horde of millions of Gamestop/GME shares, bought at US$5 in Aug 2020 or earlier. At end Jan 2021, A starts selling a few GME shares to B at US$30 per share. Then B sells the same GME shares to C at US$40. Later C sells back the same to A at US$50 = like a Merry-Go-Round. Rinse and Repeat, either to pump up or down the share prices. Since A,B and C are of the same gang, there was no real loss or profit between them.
....... After pumping up the share price, they dumped/offloaded the bulk of their horde of millions of GME shares to gullible Retail investors at >US$100 per share = profits of >2,000%.
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Stark example of a likely quick pump-n-dump scheme as mentioned above. .......
https://www.celebritynetworth.com/articles/...ti-billionaire/ - A Mysterious Penny Stock CEO Has Suddenly Become A Multi-Billionaire After Share Price Increases 25,000% In A Week. This Story Is Insane. - By Brian Warner on July 9, 2014
CYNK Technology OTC share price shot up from US$0.10 at before july 2014, to US$2 on 2 July and then to US$14.70 on 9 July 2014. Since end July 2014 until today, the price has remained near US$0.00. Maybe GME share price will go the similar way, ie will stay near US$5.
The company has US$0 revenue in 2013 and lost US$1.5 million that year. A Hispanic American owned 210 million out of 292 million outstanding shares and is the ONLY EMPLOYEE.
https://www.stockopedia.com/share-prices/cy...ology-PNK:CYNK/https://www.forbes.com/sites/timworstall/20...sh=1b37faa947d3 - timworstall/2014/07/11/the-mystery-of-CYNK Technology-no-assets-no-turnover-and-a-US$4.5-billion-valuation
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https://www.sec.gov/news/pressrelease/2015-157.html - SEC Charges Man With Microcap Fraud Involving Shares of Cynk Technology Corp.
" Washington D.C., July 31, 2015 —
The Securities and Exchange Commission today charged a Canadian citizen with conducting a scheme to conceal his control and ownership of a microcap company whose price quickly spiked last year. The SEC suspended trading in the stock, Cynk Technology Corp., before the alleged schemer, Phillip Thomas Kueber, could profit on the gains from the stock’s rise to more than $21 from less than 10 cents per share.
The SEC alleges that Kueber was behind a false and misleading registration statement filed by Cynk and enlisted a small group of straw shareholders and sham CEOs to conceal his control of purportedly non-restricted shares in Cynk stock. The complaint alleges that the straw shareholders – mainly Kuber’s family members and associates in British Columbia and California – never received the shares they “purchased.” Kueber allegedly transferred the shares to brokerage accounts and offshore shell companies he secretly controlled and misled broker-dealers about his ownership of the shares to create the false appearance of a company with publicly held shares.
According to the SEC’s complaint filed in U.S. District Court for the Eastern District of New York, Kueber was unable to cash in on selling his Cynk shares when the SEC suspended trading in Cynk on July 11, 2014 amid suspicious activity surrounding the company’s stock. Once trading resumed, the share price fell, closing at 60 cents per share on July 28, 2014.
“We allege that Kueber used straw shareholders, offshore dummy corporations, and puppet corporate officers to gain and conceal control over the majority of Cynk shares,” said Michael Paley, Co-Chair of the SEC Enforcement Division’s Microcap Fraud Task Force. “Law enforcement has again pierced through the layers of deceit to hold an alleged wrongdoer accountable, in this case before he could liquidate his shares in the open market and realize ill-gotten profits.” " .
This post has been edited by lurkingaround: Feb 22 2021, 11:08 PM 
Feb 19 2021, 01:51 PM
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