“Pump and Dump”. Wow what a phrase. It gets me excited every time I hear it. Its those two magical words that make my wife angry at me every day. Its also those words that help me cripple a company. Is it a pornhub category? Could be. Is it a way to make a bunch of money. Sure thing bud.
So what is pump and dump exactly. We asked expert pump and dumper Charlie Munger and he said its when you “fraudsters typically spread false or misleading information to create a buying frenzy that will “pump” up the price of a stock and then “dump” shares of the stock by selling their own shares at the inflated price.” He also said he does the same thing when he sees your mom.