Sunday, January 15, 2006

The Pump And Dump

Ok the pump and dump website for sale.

This is a common thing that people do.  People keep telling me I am to upset about this. I have no idea why it comes across this way.   But I am not mad, I am just telling it like it is.

One of the sites I was looking at buying was www.thepokerblog.net - it was for sale www.sitepoint.com/forums/showthread.php?t=327802 on December 18th  

The site has about 100 or less posts that are medium length for poker posts.

Monthly revenue is suppose to be $135 per month.

The BIN (buy it now) price is $2400  

Ok, this site uses wordpress which is free. And to hire someone to write 100 posts could cost you a few hundred dollars. Probably $300 or $400.

The page rank 5 was really ingenious because it came from a couple posts to the wordpress forum. A couple questions leaving your URL in each one and wow you have a site that is a few weeks old and starts out with a google page rank of 5.

I asked a question about this and the sell kind of played it off as – What? Doesn’t every website start out as PR 5???

Anyway, it looks like someone paid the BIN price of $2400

And now less than a month later the site has a page rank of Zero (about where it should have been before)

If the buying was paying for the page rank then he is probably a little disappointed right about now.

If he was buying based on something else then this is a bad example, but my guess is the buyer was thinking his page rank was going to last more than a couple weeks.

This pump and dump can also be done by redirecting a page or from buying a link on a high PR site.  

Then you sell your site based on your high PR, knowing the PR is going to be back a zero soon.  

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