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CMC Now Under Investigation for Pumping and Dumping
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the deal
#1 Posted : Monday, September 19, 2011 9:53:09 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
The moment I realised the movement behind the CMC share price was because of one of the top 10 shareholders buying I sold my little shares and never looked clearly there was someone pumping the stock up despite the drop in 1H results and deterioting fundamentals the share was on the up well here the link http://businessdailyafri.../-/rfgkb2z/-/index.html

Pumping and dumping is illegal!
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QW25081985
#2 Posted : Monday, September 19, 2011 9:57:28 PM
Rank: User


Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
Wow . you hold this thing ??? si hata afaa ak . atleast IT is rocking in kenya ...
Motor vehicle industry in kenya is dead !!!!!!! from this cheap Japanese imports ....
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youcan'tstopusnow
#3 Posted : Monday, September 19, 2011 10:28:23 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
What are the penalties for 'pumping and dumping?' Worse crimes involving NSE listed companies have gone unpunished
GOD BLESS YOUR LIFE
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Cde Monomotapa
#4 Posted : Monday, September 19, 2011 11:28:43 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
youcan'tstopusnow wrote:
What are the penalties for 'pumping and dumping?' Worse crimes involving NSE listed companies have gone unpunished

Statements like "we are going into real estate" should also be treated as a conspiracy to "pump & dump" Laughing out loudly Laughing out loudly
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Kabird
#5 Posted : Tuesday, September 20, 2011 1:32:05 AM
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Joined: 2/6/2011
Posts: 60
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hisah
#6 Posted : Tuesday, September 20, 2011 5:07:54 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
A stark reminder of how I got trapped in uchumi back in the days... CMA got no teeth, just a hard blunt tortoise gum. Those trapped in CMC poleni...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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youcan'tstopusnow
#7 Posted : Tuesday, September 20, 2011 9:05:12 AM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Cde Monomotapa wrote:
youcan'tstopusnow wrote:
What are the penalties for 'pumping and dumping?' Worse crimes involving NSE listed companies have gone unpunished

Statements like "we are going into real estate" should also be treated as a conspiracy to "pump & dump" Laughing out loudly Laughing out loudly

Laughing out loudlyLaughing out loudlyLaughing out loudly
GOD BLESS YOUR LIFE
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Sure
#8 Posted : Tuesday, September 20, 2011 10:25:45 AM
Rank: Member


Joined: 9/9/2010
Posts: 546
Location: Garissa
the deal wrote:
The moment I realised the movement behind the CMC share price was because of one of the top 10 shareholders buying I sold my little shares and never looked clearly there was someone pumping the stock up despite the drop in 1H results and deterioting fundamentals the share was on the up well here the link http://businessdailyafri.../-/rfgkb2z/-/index.html

Pumping and dumping is illegal!


Shouldn't Standard Media shares also be investigated? There has been a prolonged and concerted effort & attempt at propping it up every time it plops down.
Wisdom to detect when share prices hit rock bottom.
When interest on bonds keep going up, you know the bear run is on high street. When interest on bonds start leveling, the bear has met the bull and they have hit rock bottom. When the interest rates on bonds start coming down, the bull has overpowered the bear and you better be riding the bull.
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