Someone keeps sending me e-mail about chinese stocks. They seem to go up at first. Then tail off. Today's was China World Trade Corp (CWTD.OB)
It went up 20%. Does anyone know if people are sending mass e-mail to run pump and dump schemes
Yes. It is a scheme. They hit email lists targeting day traders normally, pump the stock, get a cut of the guys $$$ when selling, and make the stock move. THen, of course, it rebounds back down. It is a scam.