pump and dump meaning: definition, quotations

pump and dump

noun

Business, Finance A form of financial fraud where the fraudster purchases stocks at a very low price, generates excitement about those stocks in order to create a temporary price increase, then sells the stocks before the price depreciates.

[…] 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.2000 March 3, Alex Berenson, “S.E.C. Reaches Settlement in Web-Based ‘Pump and Dump’ Case”, in The New York Times, →ISSN:
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.2021 February 2, Mark Sweney, Graeme Wearden, “GameStop shares plunge as traders dump stock”, in The Guardian:

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The newest thing in finance had apparently fallen prey to one of the oldest investor hoaxes around – a classic pump-and-dump scheme.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:

Slang 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.

“#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.2018 April 20, Alexia Fernández, “Behati Prinsloo Mom-Shamed for 'Pump and Dump' Breastfeeding Photo at Coachella”, in People:

Slang 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.

"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."2000, Randy Boyd, Bridge Across the Ocean, West Beach Books, published 2000, →ISBN, page 80:
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.2001, Stuart Hazleton, Sexscopes: How to Seduce, Stimulate, and Satisfy Any Sign, Fireside, published 2001, →ISBN, page 47:

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I am tired of the pump-and-dump lifestyle, so please help me stop acting like a slut.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:

Related terms: bait and switch, wham, bam, thank you ma'am

pump and dump

verb

Slang To use a breast pump and then discard the milk, typically because one has had an infection, or has been drinking alcohol.

Should you pump and dump after having a margarita?2000, Claire Martin, The Nursing Mother's Problem Solver, page 19:
Again, check with your doctors to see which medications you will be given and how long you would need to pump and dump, if at all.2010, Robin Elise Weiss, The Better Way to Breastfeed, page 283:

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A fifth principle and a constant challenge is the blanket proscription by radiologists (and x-ray technicians) to “pump and dump” breast milk for 24 to 48 hours when radiocontrast agents are used.2012, Gabbe, Niebyl et al., Obstetrics: Normal and problem pregnancies, p. 559

Slang To have sex with a partner on a single occasion, without intention or prospects of further contact, or engaging in a serious relationship.

Do kids not yet old enough for a learner's permit think about sex 1000 times day, talk about cheerleaders who get "pumped and dumped," […]1998 April 3, Larry Bonko, “Readers Defend Teen-Age Soap”, in The Virginian-Pilot:
This 'lightning shag' will give you 'hand' as most women hate the idea of being 'pumped and dumped'.2005, Johnny Blue, The Blue Riders' Club, Trafford Publishing, published 2005, →ISBN, page 97:

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Issie, when telling me about the event, pointed out with a certain pride that she was not 'pumped and dumped'; she and Wolf were to remain together for the next two years.2010, Detmar Blow, Tom Sykes, Blow by Blow: The Story of Isabella Blow, HarperCollins, →ISBN, page 52:
Now that you're done pumping and dumping the female intern and spending your day formulating ways to get her fired, you've got a pile of work on your desk as high as Willie Nelson on his tour bus.2011, Chris Illuminati, A**holeology: The Cheat Sheet: Put the Science Into Practice in Everyday Situations, Adams Media, →ISBN, pages 76–77:
Life since our arrest back in Paris had been manic, things for me had been ok, I forgot about Joe pumping and dumping me.2011, Cass Miller, Council Flats & Fiesta's:^([sic]) More Adventure's^([sic]) of Adele Prest, AuthorHouse, published 2011, →ISBN, page 197: