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ILMN has a good run recently, partly because of pumping by Tom Calandra from CNBC market watch.

His pumping style for the very speculative stocks is fraudulent and illegal. He made me to remember a newsletter called “bullmarketreport” during last bull market. The letter promoted very speculative stocks to small investors. Because of limited float of the shares, normally the stock price will jump after the promotion. However, over the long term, all stocks come to the ground because nothing supports the stock price. The promoter not only made money by buying before the crowd to jump in and selling just after they jumped, but also made money by getting fees (money or shares of stocks) from the companies they promoted. A lot of innocent and inexperienced small investor got burned in the stocks they promoted. SEC eventually got involved the promoters were fined and went to jail.

In this case, it is just the matter of time when SEC will get involved. Even if TC goes to jail, the small investors will not get their money back. Stock market like the lord, it helps those they help themselves, but unlike the lord, it does not forgive those who do not know what they are doing.
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