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Just started to get a feeling about something so checked the meaning of a saying in the Dictionary of Finance and Investment Terms...
poop and scoop
illegal scheme whereby unfavorable information about a stock is circulated, usually on the Internet, to drive down its price so it can be bought cheaply and later converted into a profit. In earlier years, bear raids did essentially the same thing using selling short instead of, or along with, negative publicity to drive down prices. The opposite of poop and scoop is pump and dump, a practice that had its pre-Internet counterparts in the boiler room and bucket shop
Just thought I'd make everyone aware of this practice in light of the recent attacks on TV by people who seem to have an extreme dislike of .Tv but actually have a considerable number in their own portfolios or a vested interest in its success.
The opposite, of course, is pump n dump.
poop and scoop
illegal scheme whereby unfavorable information about a stock is circulated, usually on the Internet, to drive down its price so it can be bought cheaply and later converted into a profit. In earlier years, bear raids did essentially the same thing using selling short instead of, or along with, negative publicity to drive down prices. The opposite of poop and scoop is pump and dump, a practice that had its pre-Internet counterparts in the boiler room and bucket shop
Just thought I'd make everyone aware of this practice in light of the recent attacks on TV by people who seem to have an extreme dislike of .Tv but actually have a considerable number in their own portfolios or a vested interest in its success.
The opposite, of course, is pump n dump.
