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Unlike amazing day trades that open already higher like $PSV & $WIMI on Friday and went even higher on strong volume. The Pump & Dump is the one you want to avoid. That's the stock that spikes on price and volume then price drops as volume drops. Then the stock is dead!

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Trader Brian Jones

@MasterBJones

Jun 17, 2020

$NES Great example how you can get wiped out if you buy a Pump & Dump at the open.

3:05 AM · Jul 12, 2020Twitter Web App

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Do you have a strategy to avoid pump and dump stocks? Thanks

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Well, with $WIMI, I loaded at $7.50 after I saw sustained support at that level combined with absolutely insane volume pouring in continuously. As a new IPO with a microfloat, it was clearly in blue sky breakout territory. Very rare situation. Still holding most of my position.