There are many posibilities why a stock can run up. I hope there is news coming and we know some of what EDIG has been working on over the last year. However, there are dark forces at work and that is a reality unfortunately. This is from msnbc.com:
Big money is stock scams
Individual bots operate in complete silence, but we all see their handiwork. At this point, almost every spam e-mail is sent from a hijacked computer, according to Uriel Maimon, a researcher at security firm RSA. That means every time you receive a spam, a hijacked computer is at the other end. For evidence of a bot epidemic, researchers point to the recent resurgence of spam, which has doubled in the past 12 months.
Forget Viagra sales: Spammers have largely graduated to manipulating stock markets. Most spam is image spam now, designed to pump up stock prices in thinly traded companies so someone can make a quick profit. In a recent e-mail apparently written by a stock spammer and examined by MSNBC.com, the author brags he can more than double a stock price within two to three weeks.
“We can increase the cost of your share and we can increase average day trading,” the e-mail says. “We can increase price up to 200-260 percent in 2-3 weeks and also increase range by 10 times each trading day. … Our payment for that is 10 percent.”
With increasing sophistication and deliberation, computer hackers are getting the most out of hacked computers, too. The computer crime de jour is a simple but effective stock pump-and-dump scheme that goes like this: Hackers buy a stock, then use hijacked computers and stolen brokerage accounts to buy the stock at inflated prices using other people's money. When the hackers sell their original shares, they make a killing.
In March, three Indian nationals were sued by the SEC for allegedly pocketing $121,000 after manipulating stocks and options on 14 firms, including Google and Sun Microsystems. They group managed to spend nearly $2 million in other people's money, the U.S. Securities and Exchange Commission said. One victim had $180,000 in his brokerage account, left for a vacation, and returned to find his account had a negative $200,000 balance.
The SEC is aggressively pursuing stock spam criminals, said John Reed Stark, head of Internet enforcement for the agency. But the dangerous combination of hijacked computers and global securities trading offers riches far beyond the legitimate dreams of computer experts in developing economies. As a result, cybercrime has become wonderfully profitable, and fantastically popular.
