You say that, but Zack Morris (not real name) champions Pump and Dumps every week or so. They might not all work for him, but he pushes a new one, and makes (from what he discloses) millions on them. If you pay something like $250/mo, you can get early access to his buys and get notified when he sells.
I've watched this guy singlehandedly pump a penny stock to 10x its value in days before dumping. Not sure how he doesn't get arrested or investigated by the SEC, but its common place for him and his "crew" Atlas Trading.
Because he needs someone to buy when he wants to dump his shares, is my guess. You're basically paying to get scammed by following the advice you get, those paying are the same ones making the stock pump.
Just to be clear - I don't really follow this guy, and I definitely do not trust him. But just guessing, if he just give it away, it would be less effective, and who doesn't like a few hundred grand - few million extra each month?
Might as well make an additional million a month on a few thousand suckers, on top of the other couple million a month from pumping schemes.
> If actually can pump stocks and make millions, why does he need to sell early access subscription?
Because he starts selling before he tells this group.
People who spend $250/month are going to be convinced that the “buy” and “sell” recommendations are now valuable because they literally spent money on them, and therefore will follow them more closely.
I've watched this guy singlehandedly pump a penny stock to 10x its value in days before dumping. Not sure how he doesn't get arrested or investigated by the SEC, but its common place for him and his "crew" Atlas Trading.