| A penny stock message board is not where you | | | | Remember, this is a competitive industry and as |
| should go to select penny stock picks. While | | | | warm and rosy as it may seem to imagine |
| investigating topics to discuss in my penny stock | | | | good-hearted altruists passing along secret top penny |
| articles, I discovered a rather unsettling phenomenon: | | | | stock picks to the less savvy, it just isn't happening. |
| people everywhere are seeking online public | | | | In most cases, they're probably trying to use subtle |
| communities in the form of penny stock message | | | | hype to orchestrate a pump and dump scheme. In |
| boards to gain wisdom and advice and share their | | | | rare cases, they may even be trying to lure your |
| ideas. | | | | business to snag you in a chop stock scheme. |
| The Internet is a powerful tool, but it is also fraught | | | | A pump and dump scheme involves hyping a stock |
| with peril. The micro cap stock trading field in | | | | to get a bunch of less-than-savvy traders to buy up |
| particular is infamous for billions of dollars of fraud | | | | a ton of the stock in a short period. There is no |
| every year. Penny stocks have been one of biggest | | | | more fertile ground to find a ripe grove of growing |
| headaches for the Securities and Exchange | | | | newbie traders than a penny stock message board. |
| Commission (SEC) for over a decade. Unfortunately, | | | | As those traders buy the stock, the demand raises |
| the proliferation of online trading and online | | | | the value of the stock. When the brokers spreading |
| communities has only made the SEC's micro cap | | | | the artificial hype believe the stock has reached its |
| stock fraud headache even worse. | | | | artificial peak, they dump it by selling it off fast. The |
| If you find a penny stock message board with any | | | | stock then nose dives before the newbies can sell it |
| real level of activity on it, you can guarantee | | | | off. |
| unscrupulous brokers have infiltrated the community | | | | Remember that nano cap stocks usually aren't very |
| posing as convincingly legitimate members to pass on | | | | liquid, so it can be slow and difficult process to sell a |
| "advice" to doe-eyed newbies seeking a pot of gold | | | | large batch of penny stocks, especially if they're |
| at the end of the rainbow. | | | | plunging in value. |