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Strategies & Market Trends : The Ego Forum

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From: hubris33	3/26/2013 4:09:24 PM
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Shortin' Penny Stocks Anyone? .... EXTRA, EXTRA! . Just got in the snail mail a full color, eight-paged, "insider's "scoop" about a new era of gold mining now underway in Columbia! "quadruple-digit profits" "Don't be a sideline sitter" "Millions in potential Gold Profits!" Wow! Those are some claims, eh? But take a look at the chart! Now if that chart gets you all excited about a "rocket ride" up, let me sit you down and have a talk with you. This sure looks like a typical "pump & pump" scheme - including the glossy circular that came in the mail. What is particularly telling is today's action. Looks like the price hit its peak and started to pull back. there were not enough buyers to push the price higher and keep it closing up near the high of the day. Looks like the flier generated all of the excitement and buying that it can, so I am guessing it starts to pullback tomorrow or later this week. Once the selling hits it could be fast and furious - 250M shares looking for an exit all at once! So.... anyone with a bit of trader in them and a gambler's heart.... maybe a quick buck in a short on this P&D scheme?

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