July 24, 2013 (click on symbols) : The penny stock world is reeling after XUII puked it up yesterday, and everybody's trying to decide whether or not it's worth stepping into shares for yet another run. It's going to take a special kind of self-flagellating fool to take a chance on this ticking time bomb. Later today, we'll officially declare a death watch on this Pump & Dump, with a cover story advisory to show why it is time to poke XUII with a fork and see that it's done.
INNO is back at it again after a disastrous effort last week in which every trade was an overpay*. Since then, the bag holders have been treated to a further 66% discount and the shares are now valued at 20% of where they were when this Pump & Dump started, just 6 days ago. If you look back to our July 24 morning email to you, you will see that we told you to expect this to go down in a straight line and it looks like we were dead-on. A good preview of what you should expect here can be found by looking up the PGVI and VIZS Daily Trades Reports.
The current edition of the OOIL P ump & Dump continues today, now in its 4th week. While it could continue to move sideways on a day to day basis, a capitulation is due at any time, as participants are bound to get tired of the inter-day sideways movement. Day traders in the stock have not fared well, as on each day but one, overpays have been overwhelmingly dominant. In other words, the day traders are getting killed.
Don't expect NUVI to change its ways any time soon. On each day that these shares have been promoted, almost every traded resulted in an overpay. With absolutely zero assets and seemingly little interest in the stock, this one is especially good to stay away from.
We're looking for commentary on The Nightly and Daily Trades Reports and welcome any ideas for adding data to these reports. Just reply to this email.
* traded at a price above the day's closing price
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