Check out the link below for an older article created by Businessweek Magazine regarding penny stocks and the players involved in this crazy market. It’s a bit long but its a really eye-opening article that explains how the penny stock market actually functions. Although this article is 15 years old I guarantee this is the …
SAFC is a penny stock that was up from $.12 to a high of $.335 today intraday and is now trading at $.20, well off it’s highs. The volume on this pump is 3,200,000 shares which probably amounts to about $400-500k of volume. In general I take $10k positions in lower priced penny stocks and …
Two weeks ago I posted how I was waiting for a new hot stock promotion to trade since what I refer to as “pump season” was about to begin. This pump was released last Friday, 08-28-2012, but I have been away on vacation in Maui Hawaii, so I was not able to make a blog …
IFLG was a former pump and dump. It was a low float stock with a wide spread so it moved really quickly roughly $.25 at a time on average. It was not a typically OTCBB or Pinksheet promoted pump and dump which is a completely different beast. IFLG always use to give at least one …
This is a chart of a classic penny stock pump and dump. It occurred over several months during 2011. This is one of the most successful stock promotions of all time. JAMN went from $.80 to $6.00 in a month and a half before crashing back to $1.00 per share in a very short period …