Since starting with PennyStocks.com aprox. 3 months ago, I had a 109% cash gain to my account, this by following the stocks closely and following (not all) but most of your advices, keep up the good work! Also I realize the gain was made in troubled time for the nasdaq and world wide stock market, so I am impressed.
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Penny Stocks Spam
December 1st, 2006
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Today I received 17 spam e-mails touting various penny stocks. About 11 were all promoting the same penny stock company, with all the messages presumably coming from the same source.
The messages were shouting the virtues of an absolute dog of a company, which was trading around 6 cents, and is probably worth a fraction of a cent. Usually what is going on with these pump and dumps, is that some idiot buys up a few million shares of a micro-cap penny stock, then makes money by spamming a few even bigger idiots into buying those shares at a higher price.
It is a trifecta of illegalities;
- spamming
- pump and dump
- scalping
Not to mention being unethical, unimaginative, and cruel to uninformed investors. It is what gives penny stocks a bad name. This is a major driving force behind my 100% Unbiased Penny Stocks Guarantee, where I try to infuse some ethical practices back into the penny stock industry.
Usually these type of brash promotional ploys originate from South American or Eastern European countries, where it is hard to source and stop. However, as I looked into the e-mails, I noticed that this joker may be based in the UK.
I will look into it ever further, but I can tell you that if he is located in Great Britain, he's going to get into plenty of trouble once he's reported and found.
Assuming that he is a twelve year old, using his mom's computer during his lunch break from school, which a lot of these spammers turn out to be, then he may even get grounded.
For real, quality penny stocks, based on healthy companies, with tremendous upside potential, visit Peter Leeds and the Penny Stocks Professionals.