Cadets in cyberspace, junior surfers and hatchling web-crawlers are all honking their horns in delight at being part of this blog's traffik. The reason for this gloria is the perpetuar googling for "cool terms" "cool phrases" and "bullet-dodging". Corporate Blawg is widdit, and able to carry his shiznit around here to spread out coolio on his blog of biznab. Accordingly, ol' cool terms is back, and its proud, and it's all about the pump and dump. Cowabunga dude.
Pumping and dumping is not about eating too many eggs before a work-out in the gym, nor is it a machoismatic mentality for dirty dating. Below, Corporate Blueg (colourblind people should refer to the lighter text - this is an equal opportunities blog) has divulged what pump and dump should mean in corporate speak, wherefrom the inspiration was discovered in a creaky corner of the FSA's gigantium website. Nevertheless, the probert encyclopedia shows us with true meaningful expression that:
Pump - Pump is slang for to break wind.
Pump the stump - is slang for "to shake hands".
Pumpers -Pumpers is slang for any anabolic steroid.
Pumpin' - Pumpin' is slang for lively, energetic, thrilling.
Pumpkin -is slang for "the moon", or "the sun".
Therefore, since Corporate Blawk is kooler than the Klingonz, Corporate Blawg will try to become evener groovier by using more slang, as he cruises town under the pumpkin whilst pumpin' pumpin' tunes up to the petrol pump to pump the stump with local hoods in pumps... from his rather large middle-class saloon.
Corporate Blueg would like to ignore Corporate Blawg or Blawk, and explain that the graphic term "pump and dump" is a phrase for market manipulation where the price of security is artifically inflated through an exaggerated or fraudulent promotion. Immediately following the rise in the price of the stock, the persons responsible for the promotion dump their shares.
This is also known as "stock dump" or "hype and dump manipulation" but "pump and dump" wins for being the most pithy, the most seedy and the most easy to remember.
It's an issue that sooo relevant. According to the Inquirer:
"The first "pump and dump" spam campaign has hit Europe this week, designed to manipulate the share price of a company listed on the German stock exchange,"
And in the middle of last month it was reported that three Indonesian hackers pumped online brokerage accounts to boost their profits - which was the "first case involving people arrested overseas in connection with an online brokerage intrusion scheme carried out in the US."
Basically, it's here and it's fear, it's mad and it's bad, it's illegal and a beagle, it's pumping and dumping and it's market manipulation which is a form of market abuse (and therefore can be penalised by the FSA with an unlimited fine, public humiliation and imprisonment) - so don't do it.
Corporate Blawg is a little disappointed that no one was able to provide any comedy case-names following from his last post. This is clearly a matter of the river runeth dry, or else that in the ever-changing blogosphere Corporate Blawg is the only comedy / genius.