Follow Slashdot stories on Twitter


Forgot your password?

Slashdot videos: Now with more Slashdot!

  • View

  • Discuss

  • Share

We've improved Slashdot's video section; now you can view our video interviews, product close-ups and site visits with all the usual Slashdot options to comment, share, etc. No more walled garden! It's a work in progress -- we hope you'll check it out (Learn more about the recent updates).

User Journal

southpolesammy's Journal: SCO stock manipulation

Journal by southpolesammy

Submitted this story a moment ago, but expecting that Slashdot will reject it in spite of it's obvious appeal, plus I wanna save it for reference in case I'm right, so....

SCO's stock price skyrocketed today to $12.66, a gain of over 21% in one day, on very heavy trading. The interesting part of this occurrence is that it comes on the heels of absolutely no news whatsoever today. Consequently, some have suggested that
the stock price is being manipulated by a small amount of well-connected individual investors. Their evidence is that people have been predicting large surges like this and
predicting within $1 where the stock will be as much as a week prior to it actually happening.

This leads many to suspect that a combination of the well-known pump and dump scam and the lesser known "short-and-distort" scam are being done to illegally manipulate the stock. Furthermore, they predict that at some point, one of the pump-n-dump investors is
going to predict another peak, ride the wave up, then dump everything all at once, bringing the stock to a crashing halt, meaning major profits for both of the scamming parties, leaving the rest of the investors to suffer in the fallout. It sounds plausible, and scams like this have been run before in the past, but wouldn't it be anti-climactic to see SCO's finale come in the form of trading subterfuge and not in the form of some judgement in their dealings?

This discussion has been archived. No new comments can be posted.

SCO stock manipulation

Comments Filter:

Q: How many IBM CPU's does it take to execute a job? A: Four; three to hold it down, and one to rip its head off.