July 18, 2013 : T onight's edition of The Nightly trading analysis highlights three long term Pump & Dump campaigns that have been going down in as close to a straight line as we've seen since the recent VIZS disaster.
SRBLD continues to evaporate funds from trading accounts, perhaps hastened by last week's inexplicable one for two reverse split, a move that can only be seen as a way to further dilute without making the number of shares issued and outstanding seem out of control and/or to disguise the degradation of the share price as a result of the now five month old Pump & Dump campaign. Shares are trading at a 55% discount to the price when the campaign began back in February. Unless these reverse splits became a regular occurrence, and they might, the discounting will continue and we should see single digit pennies by the end of the year.
Speaking of reversing out suckers, PSID is back to being pimped, now for the 10th time after reversing out the suckers who jumped into shares during the previous 9 Pump & Dump campaigns since August 2011. Since this latest edition of PSID penny stock roulette began, shares are down almost 60%, no doubt a result of further dilution.
No stock has offered a bigger slap in the face than PGVI whose shares could not have sunk faster if it was wearing cement shoes. In less than two months, bag holders have seen a 90% drop, from the opening pitch at 27 cents to the current 3 penny level.
Where the real chutzpah (look it up) lies is in the perky emails still being shipped out by the touts on an almost daily basis, about the marlvelousness of these investments. We wonder if the boys can keep a straight face as they write that garbage.
Watch out for shares of INNO , a brand new scheme, which did not perform well or garner much interest in today's opening Pump & Dump session. It seems likely that insiders will come to the conclusion that shares of this completely asset-less company will have to be seriously discounted before a few lemmings might jump off the cliff. We are already seeing heavy promotion coming in for tomorrow's session and expect that bid whacking will commence in short order. If that is true, INNO could be the next issue to make a bee line towards zero in spite of these efforts.
The Nightly is published every evening after the market closes and is an analytical grid of the trading in stocks which have been promoted that day.
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