July 29, 2013 (click on symbols) : The week starts out with the latest rehash of the NDEV Pump & Dump. Past efforts have provided nothing but tears and sorrow for day traders and bag holders alike. Each day of both of the previous promotions resulted in signifcant overpays*, and the share price now stands at 50% of where it was when the June campaign ended. With the share price currently at 4.8 cents, those who jumped in at the open of the first Pump & Dump, when shares were priced at 28 cents, should be particularly unimpressed. Considering the pattern of the previous promoted days, expect this one to drop like a stone even if there is an opening pop on Monday .
The brand new Pump & Dump of brand new ticker, WNTR , resumes today, after a stalled start exactly one week ago. Then, stock pimping newsletters publisher, Equities AG, blamed " a major hurdle right of [sic] the open but it was nothing that any of us could control. Apparently, some brokers were not accepting orders online, one specifically being the biggest of them all, Etrade. You actually had to call in to place your trade. " We are not sure if Equities AG speaks the truth or if the indifference to the stock was just the same old lackluster response commonly experienced by an Equities AG "pick", but at any rate, several other newsletters pick up the effort today. There is no word on whether the online brokers are now more amenable to having their clients throw their money away on this one. There's a lot of stock here and insiders can't be too thrilled with their inability to cash in thus far, so don't be surprised if bid whacking is the order of the day, assuming any bids can be placed.
RSII moved sideways its the first three promotion days, although those days still managed to be chock full of overpays. Then on Friday , those who didn't want to hold over the weekend joined the insiders on the bid whacking trail and cut shares in half. This is unlikely to please the weekend bagholders, who will probably be looking to exit, as well as scare off some potential new pigeons, as well as they should be. Outside of a fancy name, the company has nothing, being cash-less asset-less and without revenues. Maybe they can tell you where to get some good naan bread.
* traded at a price above the day's closing price
(0)
(0)