pump and dump
Language: English
Part of speech: noun
Forms: form: pump and dumps
form: pump-and-dump
Senses: examples: text: […] Mr. Colt bought the stocks in advance of his tips and sold them at a profit as soon as his followers bid up the prices. The stocks then plunged back to earth, causing losses for unwary investors in what the S.E.C. called an updated version of the classic market manipulation known as a pump and dump.
ref: 2000 March 3, Alex Berenson, “S.E.C. Reaches Settlement in Web-Based ‘Pump and Dump’ Case”, in The New York Times, →ISSN:
text: Jordan Belfort was jailed in 1999 for insider trading. He had run a “pump and dump” trading scam, based on selling penny shares to gullible investors, which cost them some $200m. His autobiography was later turned into the Wolf of Wall Street movie, starring Leonardo Di Caprio and directed by Martin Scorsese.
ref: 2021 February 2, Mark Sweney, Graeme Wearden, “GameStop shares plunge as traders dump stock”, in The Guardian:
text: The newest thing in finance had apparently fallen prey to one of the oldest investor hoaxes around – a classic pump-and-dump scheme.
ref: 2021 September 13, Matthew Goldstein, Ephrat Livni, Michael Corkery, “Phony Walmart News Release Signals a Crypto Pump-and-Dump Scheme”, in The New York Times, →ISSN:
topics: business
finance
synonyms: buy, lie and sell high
glosses: A form of financial fraud where the fraudster buys stocks cheaply, generates excitement about those stocks to create a temporary price increase, then sells the stocks before the price goes back down.
examples: text: “#pumpanddump,” she captioned the image. On her Instagram Story, the model shared the same image with the caption, “More like cowchella lol Jamiroquai was soooo worth the pump and dump,” referencing the British funk and jazz band performing.
ref: 2018 April 20, Alexia Fernández, “Behati Prinsloo Mom-Shamed for 'Pump and Dump' Breastfeeding Photo at Coachella”, in People:
glosses: A situation where a woman uses a breast pump and then discards the milk, typically because she has had an infection, or has been drinking alcohol.
examples: text: "She's the one who wants a quick fuck. I need more than that – not a wedding ring – but she's already been with two other guys this week. In this day and age? No way."
"I don't blame you. I gave up the ol' pump and dump recently myself."
ref: 2000, Randy Boyd, Bridge Across the Ocean, West Beach Books, published 2000, →ISBN, page 80:
text: Getting a Taurus female into bed a second time is much easier than doing the same to her male counterpart: Taurus females are less lazy and stubborn and they view sexuality as more of a give-and-take than their pump-and-dump brethren.
ref: 2001, Stuart Hazleton, Sexscopes: How to Seduce, Stimulate, and Satisfy Any Sign, Fireside, published 2001, →ISBN, page 47:
text: I am tired of the pump-and-dump lifestyle, so please help me stop acting like a slut.
ref: 2009, Lisa Daily, How to Date Like a Grown-Up: Everything You Need to Know to Get Out There, Get Lucky, or Even Get Married in Your 40s, 50s, and Beyond, Sourcebooks Casablanca, published 2009, →ISBN, page 153:
synonyms: fuck and chuck
hit it and quit it
smash and dash
one-night stand
glosses: A situation where a person has sex with a partner on a single occasion, without immediate intention of further contact or pursuing a serious relationship.
Related terms: bait and switch
wham, bam, thank you ma'am