KNOW YOUR CHEERLEADERS!!!
As it smells more and more, I took a few minutes to make some research on our PNLK cheerleaders. I may have missed a few others.
1. Buche - SI sign up May 21, posts only on PNLK, no e-mail available
2. ThePro - SI sign up May 15, posts 95% on PNLK, no e-mail available
3. Paganini - SI sign up May 22, posts only on PNLK, no e-mail
4. Seal - SI sign up May 21, posts only on PNLK, no e-mail
5. Allen Van Wert, SI sign up May 18, posts only on PNLK
These people exclusively post over optimistic articles on PNLK since their cluster sign-up mid to end of May. PNLK takes its big tumble starting May 13 and accelerates south May 15-22. Just about our cheerleaders started their campaign.
These cheerleaders account for, I would say 60-70% of postings, if not more. All these coincidences smell really bad to me.
Now read this article from "Cyberspace Fraud and Abuse":
Manipulation of obscure, thinly traded stocks. Most commercial bulletin
board services allow individuals to post messages not only under an alias... but
multiple aliases. Since it may be impossible for another subscriber to ascertain
the true identity of the individual behind the message (or even if a series of
messages are being entered by just one individual under various aliases), there is
enormous potential for manipulation of little-known companies that have a small
float (the number of shares available to be bought and sold). Acting alone or with
accomplices, one company insider, broker, public relations executive or even just
a large shareholder can leave numerous messages calculated to spark interest in
an obscure stock. Once a "thread" (in this case, a series of related messages
about a stock) is started, it will show up on the computer bulletin board and be
readily accessible by anyone who enters the bulletin board.
Through a combination of puffery, speculation, and breathless claims of
supposedly inside information about pending announcements, product
innovations, and new contracts, the schemers seek to run up the price of the stock,
which starts rising as unwary investors read of the "great opportunity" and buy
shares. In response, the insiders take their shares ("bought at the low, "pre-hype"
prices) and sell them into the rising market. As interest builds, dozens of
messages may be posted about the stock. When the hype-fueled stock price
falters, the promoters may blame unnamed short sellers. Sometimes, losses
suffered by the unsuspecting are made even worse by ruthless promoters who
urge victims to "dollar average" and keep buying shares, even at the falling prices.
Talk of the stock then disappears from the board. Investors who are left holding the
bag can do little more than post plaintive messages: "Whatever happened to
Company X?" (See , "How a Typical Cyber-Scheme Works.")
For the whole article please check:
nasaa.org
NOTE: This post is not to accuse anyone but to share some observations with fellow SI individual investors. |
