SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Don Westermeyer who wrote (15726)3/20/1998 6:51:00 PM
From: RGinPG  Read Replies (1) of 95453
 
Wow, that is a great article. Many of the things I had a sneaking suspicion about are TRUE! forbes.com

Especially this one:

"Nasdaq boasts that its listings get widespread brokerage coverage even in small, thin stocks--stocks that might not be worth the broker's efforts if it were NYSE-listed. The boast is true, but not entirely for praiseworthy reasons. A small army of "freelance" stock promoters sell their services to Nasdaq issuers in exchange for either cash or cheap stock. These folks promise to produce a big increase in volume or to get the stock to a certain price. They do it by getting some friends to post bullish "information" about the stock on the Internet. By sounding knowledgeable about the company, these freelancers impress the Internet's stock market junkies, who buy into the story.

I foolishly bought CKNG (Collision King) because of the great story I got from a "Superstocks" service. I don't know how they got my E-Mail, I think it was through Schwab. The stock was at 2-2.5, I put my order in at market(what an idiot!) and got it at 4!. It promptly went to 3 that day. Shortly thereafter the whole board was fired or quit and it went down to below 1. I sold it with a 82% loss, the most money I ever lost on one stock (on the least I ever invested a stock).

If anybody gets something from Superstocks or any other unsolicited service, don't buy! No matter how great the story sounds. I wish I read a post like this one 8mths ago.

Another caveot: Don't buy thinly traded stocks. Trust me on this one.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News