August 7, 2013 : Yes, we are going to pat ourselves on the back tonight. We could not have prognosticated today's trading any better than we did in this morning's pre-market email.
We said, " After a day of no emails and a 35% smashing of the share price, XUII is emailing again and we wouldn't be surprised to see a small, albeit temporary pop."
Well the stock gapped a hair, at the open, hit a high by 9:30:03 am and set a course due south, closing below the 15.3 cent price it was at when the Pump & Dump start over 3 months ago. Every share is now losing money. The day's trading was highlighted by an overpay* rate of 85% and as of the close tonight, investor losses stand at a minimum $232.6 million. We are officially declaring this dog and its pigeons, dead. All that's left is for APS to take down the banner and then watch this one drift into the low single digit pennies.
We also called today's continued dumping in BLUF shares. This one may not ever recover the way MULI and one or two other BDPS promotions have as there are way too many skeletons in this closet. Today's suckers enjoyed an additional 20% discounting of the share price, which now stands 11% below the price it was at when this mess started. Dollar volume dropped 40% from yesterday's number, but was still enough to enhance the lifestyle of the insiders at the expense of those who believe in fairy tails.
We said that IWEB looked tired and boy did it ever, the early morning gap up, buoyed by the addition of new stock pimps to the mix, lasted 22 minutes into the day before shares drifted to close down intraday, but surely not enough to make those that were part of today's 91% overpayers realize that they've been had.
ARTH continues to tank slowly but surely, adding another high day of overpays to its arsenal. 85% of buyers found themselves with less to leave to their children's inheritance. The stock is now down a whopping 59% from the Pump & Dump highs of a month ago.
IALS punished overnight bagholders with a lesson in gravity. Those who hadn't learned that no scam goes up forever, were part of a 31% hammering of the share price that started 11 seconds after the market opened. Even day traders suffered as overpays outpaced profits by 82%.
Sideways Pump & Dump NVLX , took two steps back, as shares got whacked pretty much from the get go and generated an overpay rate of 95%.
Other issues whose trades consisted almost exclusively of overpays included: CERP CLNOD PLPL and WPNV . Half of all trades in DRGV were overpays.
Today's promotions which closed below the share price they were at when their respective Pump & Dump programs began included: ARTH BLUF CERP and XUII .
* traded at a price above the day's closing price
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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