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Fire Your Stock Analyst!: Analyzing Stocks on Your Own by Harry Domash

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Hyping Pays Well

How come Ted Touter didn’t see what I saw? What about all that careful research that Ted promised in his email? Reading the disclaimer at the end of Ted’s report revealed that Miracle Tech paid him to prepare and mail the report—he was paid 100,000 shares of Miracle Tech stock. It’s legal for Ted to promote Miracle Tech and to get paid for it as long as he reveals the payments in the document and confesses that Miracle Tech, in truth, supplied his so-called research.

Companies like Miracle Tech hire people like Ted to create investor interest, moving the stock price up, and equally important, increasing the trading volume, thereby allowing insiders to dump their holdings. This process is known as pump & dump.

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