How or who is running the pump/dump on china stocks?

aaronk321 · Sep 28, 2007

How are they doing it? The run on CPSL,CBAK,KONG,JRJC, etc.. How is this done without SEC action? In the future, how can one predict the plays and when to jump out. I went with the momo and made a small amount. I missed out on holding a couple for the huge overnight gap.

I got rid of kong this morning because it was tanking hard - just broke even. Friggin pissed because I was up alot.

stock_trad3r · Sep 28, 2007

lol its called a rally

aaronk321 · Sep 28, 2007

Rally on those POS. I'd understand the BIDU hype but the micro caps.

Quote from stock_trad3r:

lol its called a rally

mokwit · Sep 28, 2007

Quote from stock_trad3r:

lol its called a rally

It's called a 'RAMP"

nkhoi · Sep 28, 2007

Div_Arb · Sep 28, 2007

It's called the "General Tso put."

thecalip · Sep 28, 2007

The Chinese has a lot of savings, and because of it, it can pump up the market really fast.

Unless us, we pump it up using credits.

stock_trad3r · Sep 28, 2007

Ron Paul

athlonmank8 · Sep 28, 2007

Was wondering the same thing. No way JRJC was a legit "rally". These ADRs better watch it.

No complaints here though. Makes the markets more exciting. These are some good plays. Never get tired of a game of hot potato.

nazzdack · Sep 28, 2007

Who? The usual suspects..........GS, MS, MER et al. Even if you live in a cave in Upper Mongolia, they can get you invested.