Hello everyone,
I am very new to this investment game so at the moment my mind is like a sponge trying to absorb as much as possible. I have noticed on the ASX announcement lists that there are a lot of of queries by ASX to companies who seemingly have no idea why their price jumps unexpectedly. Just today there was NGE which jumped to 50% with a little buy/sell frenzy and the company had no idea about it.
Is this evidence of the famous pump and dump tactic or something else?
Thanks!
I am very new to this investment game so at the moment my mind is like a sponge trying to absorb as much as possible. I have noticed on the ASX announcement lists that there are a lot of of queries by ASX to companies who seemingly have no idea why their price jumps unexpectedly. Just today there was NGE which jumped to 50% with a little buy/sell frenzy and the company had no idea about it.
Is this evidence of the famous pump and dump tactic or something else?
Thanks!
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