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How much do pump n dump schemes generate at NSE?
whiteowl
#1 Posted : Saturday, September 13, 2014 12:13:47 AM
Rank: Veteran


Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
I have been tracking CYNK and its by far the biggest pump and dump schemes in stocks history coz they managed to pump it past $6 billion from lows of $50 million in 2 weeks .The feds estimate these guys pocketed $500 million but the figure may be higher. I thought our CMA was a joke until I saw SEC watch this stock rise and didn't act until the damage was done. So back to Nairobi, how much do to the biggest pumpers n dumpers pocket at the NSE? or should I just wait and do the maths of the buy volumes that are about to check in at Kenya Orchards? smile
littledove
#2 Posted : Saturday, September 13, 2014 8:50:58 AM
Rank: Veteran


Joined: 7/1/2014
Posts: 903
Location: sky
whiteowl wrote:
I have been tracking CYNK and its by far the biggest pump and dump schemes in stocks history coz they managed to pump it past $6 billion from lows of $50 million in 2 weeks .The feds estimate these guys pocketed $500 million but the figure may be higher. I thought our CMA was a joke until I saw SEC watch this stock rise and didn't act until the damage was done. So back to Nairobi, how much do to the biggest pumpers n dumpers pocket at the NSE? or should I just wait and do the maths of the buy volumes that are about to check in at Kenya Orchards? smile

smile i believe once they have pumped it to their satisfaction they will come up with what touches kenyans easily like they want to start big real estate project, an acquisation is in progress, they also want their thin sim etc and kenyans with our peculiar habits we will jump in as they exit Pray i believe once you have decided to invest in shares one needs to dig deep in its history even for five years
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
whiteowl
#3 Posted : Sunday, September 14, 2014 5:28:40 AM
Rank: Veteran


Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
littledove wrote:
whiteowl wrote:
I have been tracking CYNK and its by far the biggest pump and dump schemes in stocks history coz they managed to pump it past $6 billion from lows of $50 million in 2 weeks .The feds estimate these guys pocketed $500 million but the figure may be higher. I thought our CMA was a joke until I saw SEC watch this stock rise and didn't act until the damage was done. So back to Nairobi, how much do to the biggest pumpers n dumpers pocket at the NSE? or should I just wait and do the maths of the buy volumes that are about to check in at Kenya Orchards? smile

smile i believe once they have pumped it to their satisfaction they will come up with what touches kenyans easily like they want to start big real estate project, an acquisation is in progress, they also want their thin sim etc and kenyans with our peculiar habits we will jump in as they exit Pray i believe once you have decided to invest in shares one needs to dig deep in its history even for five years

Monkey business is risky business, lets wait n see how many guys will get roasted.
VituVingiSana
#4 Posted : Sunday, September 14, 2014 9:10:59 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
Buy like Buffett does. And the Pump and Dump schemes will not affect you.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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