The Nightly: Time To Get Out Of

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Lmcat
The Nightly: Time To Get Out Of The Kitchen

July 30, 2013 : It was a case of believers taking a little more heat than they could endure, according to today's edition of  The Nightly . Many over-cooked promotions boiled over, while others that were defrosted and reheated turned out to be suffering from freezer burn.

ARTH was is one issue that seems to be overdone and traders seem to be sensing it.  Well into the third week of its Pump & Dump program, shares are now 48% below where they were when the campaign began. The day's trades consisted almost exclusively of overpays*, as 94% of buyers paid prices that were higher than they were at the close, which by the way, was off by 10%. With the end of the month coming, we wouldn't be surprised to see the sell-off continue  tomorrow and  Thursday as traders clear their accounts.

Things were almost as bad for second day promotion,  ADBI , as dumpers are having a hard time getting future prospective bag holders to buy whatever snake oil it is they are selling.  Shares closed down another 19% today, on trades that were 85% overpays.  We foresee this one following the path of  INNO ,  PGVI ,  VIZS and the others that went down in a straight line before it.

They took  HYII out of the deep freeze today, but new found bag holders would have preferred that it had not been defrosted. Shares were walloped by a full third as 89% overpaid for the stock.

Freshly defrosted, INLC , the attempted veiling of the repetitous Pump & Dump formerly known as  ONTC , was a declared disaster after closing down 50%.  It appears that nobody was buying into that lastest attempt to wash, rinse and repeat this very dirty ticker.  On the heels of a one for 2,000 reverse split, followed by the issuance of 160 million new shares, today's overpay rate of 75% looks to be just the foundation for a whole new slew of bag holders.

Other issues whose trades consisted almost exclusively of overpays included:  AMPG and   WPNV . Tickers which saw considerably more than half of their buys at prices higher than the closing price included: LBSR  PGVI  NVLX  SEEK and  SGDH .

Today's promotions which closed below the share price they were at when their respective Pump & Dump programs began included:  ADBI AMPG  HYII  INLC  PGVI  SGDH   and TRTC .

* traded at a price above the day's closing price

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