I now subscribe to 2 wonderful paid services-Thanks to Future Super Stock Pump and Dump Scams!
Misery Loves company. Yep, I was one of the new online investors that fell for the get rich Future Super Stock Shell Game. I've posted a testimonial below from the stockdective.com that I wish I had known about before I got sucked into the get rich quick FSS.
> I listened to what other people I knew were investing in and the stocks they talked about. I invested in the ones that sounded good, and this worked well for me. I bought Microsoft, Darden Restaurants, Amazon.com, and Reynolds & Reynolds, and they all performed relatively well. The advice I had received all worked out well, until I started investing in the Future Superstock's picks.
It was probably greed that burned me more than anything. I was doing OK with the stocks that everyone was buying, but I wanted to be different. I didn't want to follow everyone's advice. I wanted to blaze my own trail. I thought using an on-line discount broker was great, because I could afford to trade quickly and actively.
However, I had no broker to second-guess me. I bought shares of National Healthcare Manufacturing Corp. (Nasdaq: NHMCF) right after they made an agreement with Sysco Foods Distributors. It was holding relatively steady when I bought some Golden Phoenix Minerals (OTCBB: GPXM) after hearing from Future SuperStock how they had 100% equity interests in thousands of gold rich acres all over the country.
I knew nothing about either industry. I made rash decisions based solely upon the advice I was getting from one source over the Internet, but I kept rationalizing my actions. I saw how trading volume went way up when the Future SuperStock profiled a stock, so I thought they had to be for real. I watched GPXM gain nearly 50% in just a few weeks, only to fall shortly thereafter.
I thought they were doing me a favor, by giving me these hot leads over the Internet, before word of them circulated into the general populace. Then I watched both NHMCF and GPXM move steadily downward, but I convinced myself this was just a temporary setback. I saw Keystone Energy (OTCBB: KESE) moving up, and decided to buy some of that, as well. It had only been three or four months since I started investing in the Future SuperStock's monthly picks, and I was brimming with optimism. I told myself it was a temporary slump, and I bought some more GPXM to offset my losses.
Then the bottom fell out on KESE so quickly, I didn't know what hit me.
Now I'm sitting here with a good deal of GPXM, some of which I bought while it was about $4 a share, and some at almost $1 a share. Both the NHMCF and the KESE are worth substantially less than when I bought them. I think I got as burned as anyone could get on the KESE, buying at $12 7/8 per share. I don't have to tell you what it's worth now. I never sold because, until yesterday, I always had faith that they would go back up. I suppose I still hope that they will, because I have yet to sell them. I would really like to know if these are legitimate businesses, or merely business fronts.
I know that I've whined for quite long enough. Even though I'd like to blame the Future SuperStock, I can only blame myself.
I hope Stock Detective can save other investors from falling into the hole that I put myself in.
Thanks again,
- Jason Carlisle (jasonc@cobaltgroup.com)<
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