Pump and dump promoters

As much as I hate to harp on one topic, pump and dump promoters really anger me.They take advantage of unsuspecting investors and leave them holding the bag. The main indicators are in the 10Q, if the company actually has one, and in the average volume as I spoke about in yesterdays blog post. Most stock promotions are paid for by third parties that hold a large position in a stock. Really all these third parties are looking for is volume to dump their stock and the promoters will go to any length to dress up what I like to call a turd stock. Promoters will flood the investor boards with promises of good news hoping you will buy into the hype,and then when the news comes out it is merely a bunch of fluff or rehashed news about plans the company has IF it gets financing. Due diligence is extremely important in uncovering these frauds. Dont get caught holding their bag. If you must buy into the hype then wait till after the initial push and watch the stock come back down then see if you can ride it up. Dont make other people rich!!! Most pump and dump stocks hit their high 15 minutes after the open and never recover from the pullback. Watch a few and see for yourself. Until tomorrow......