July 23, 2013 (click on symbols) : It's time for a chorus of "Here We Go Again" as Pump & Dump campaigns restart on three repeaters for 2013.
REVI was a disaster during its previous two month campaign, which saw shares drop from 21 cents to two pennies by the time it was over, evaporating $10.5 million of shareholder value in the process. It was a matter of nobody cared as volumes did not exactly send the heart fluttering. Since the end of the campaign, things have got only worse as shares have dropped another 80% to just under 4/10ths of a penny. While there could be a brief pop on the renewed effort, gamblers should shorten their entry window and then head for the exits just as quickly. Things could get ugly here and nothing says that the pps can't drop by half again tomorrow . Especially if insiders are in a hurry to dump stock, perhaps in advance of a reverse split.
UOMO has been a wallet killer twice already this year. The first campaign lasted about 16 days during which the share price was cut in half, also on nobody-cares volume. The second campaign only lasted one day, but it was enough to cut the share price 44% intra-day, on a day when every buy was an overbuy (bought at price above the closing price). By the end of that day, shares stood at 80% below the starting price of the first campaign. Today, they are a little lower than that. There's a lot of stock for sale and you can bet that there are people itchin' to get rid of shares. We would expect this to head south from the git go.
SKTO fared a little better last time, than the other two of today's regurgitations. During the previous 2 trading day Pump & Dump shares moved sideways, so when we say fared a little better, we mean it didn't make insta-losers out of buyers. That turned out to be of little comfort, as the share price has been cut in half since that campaign. Of these three tickers, we expect that this one could have the best short term performance, given the appetite for pretend marijuana stocks these days. Still, there is a lot of stock for sale here, and we would not be surprised to see massive dumping come into play.
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