Daily profit: $291.95
Weekly profit:$3558.62
Disclosure: No positions in any stocks mentioned. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.
The Best Source for Penny Stock Insight
Daily profit: $291.95
Weekly profit:$3558.62
Disclosure: No positions in any stocks mentioned. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.
I missed all the good trades on the market panic but I live to fight another day.
Daily profit: $835.60
A new strategy of mine: playing bounces after huge panics. +$4 on two trades so far. Recent bounce plays I’ve attempted:
POSC – bought at low of .102, sold at .1075 (oops)
PDGO – Bought well at 1.44, sold half at 1.525, sold rest at 1.349. Lesson: risk is much higher the less a stock has dropped. My identification of where it would bounce using level 2 was correct, however.
Trades:
+ BOT 2,500 AMEL false Stock 1.579 USD ARCAEDGE 08:51:15 12.50
+ SLD 5,000 LEI false Stock 2.600 USD SMART 09:43:14 25.00
SLD 5,000 LEI false Stock 2.6100 USD SMART 09:43:20 25.00
BOT 5,000 LEI false Stock 2.5200 USD ISLAND 09:44:57 25.00
+ BOT 5,000 LEI false Stock 2.496 USD ISLAND 09:45:54 25.00
BOT 5,000 LEI false Stock 2.3300 USD SMART 12:51:15 25.00
+ SLD 5,000 LEI false Stock 2.360 USD ISLAND 12:51:38 25.00
10:14:05 PDGO B 1.44 1000 ETMM
10:14:05 PDGO B 1.44 1000 ETMM
10:15:35 PDGO S 1.525 1000 NITE
10:17:09 PDGO S 1.34 100 NITE
10:17:14 PDGO S 1.35 900 NITE
Disclosure: No positions in any stocks mentioned. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.
No comments, just beautiful charts. Please let me know if I’m missing any big ones. I included all the biggest pumps and most of the smaller to medium pumps.
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SPNG – Wasn’t promoted since last summer, but it finally saw its executives arrested.
Disclosure: No positions in any stocks mentioned. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.
Video recap:
INKND 3-day chart 5/3/2010 to 5/5/2010.
Daily profit May 4th: $1680.48
Daily profit May 5th: $353.29
Disclosure: Short 2,500 AMEL. No positions in any other stocks mentioned. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.
See my previous post calling Emergent Health “the next pump.” Tim Sykes also wrote about Emergent Health.
Evidently the SEC agreed with Sykes and myself as they have sued individuals involved in an alleged scheme to pump and dump Emergent Health and another company, Cardiovascular Sciences. Following is the SEC’s litigtation release; see legal complaint (pdf) for more details.
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 21513 / May 4, 2010
Securities and Exchange Commission v. Seven Palm Investments, LLC, et al., Civil Action No. 1:10-cv-02755 (N.D. Ill.) (May 4, 2010)
The Securities and Exchange Commission filed a civil action today in the United States District Court for the Northern District of Illinois against Naperville, Illinois based Seven Palm Investments, LLC and its principal Peter P. Veugeler, together with Orlando, Florida based Cardiovascular Sciences, Inc., and Lawrence H. Hooper, Jr. of Oviedo, Florida, for antifraud and registration violations.According to the SEC’s complaint, from at least October 2007 through September 2009, Veugeler reaped a total of more than $8 million from the pump and dumps of two unrelated companies, Cardiovascular Sciences and Emergent Health Corp. The SEC alleges that Veugeler, through his company Seven Palm, promised financing to both companies in exchange for nearly all their purportedly unrestricted shares. Veugeler, among other things, entered manipulative trades in both companies’ stock, allowing Seven Palm to sell its stock holdings in both companies at artificially inflated prices.
The SEC’s complaint further alleges that Cardiovascular Sciences and Hooper, Cardiovascular Sciences’s president and CEO, disseminated false and misleading press releases and other correspondence to investors between October 2007 and February 2008. The complaint also alleges that Veugeler reviewed and discussed with Hooper a number of the false press releases and directed him to work with a third-party stock promoter to issue the press releases to the public.
According to the SEC’s complaint, Veugeler engaged in manipulative practices aimed at misleading the market to increase and maintain artificially high prices so Veugeler could resell Seven Palm’s Cardiovascular and Emergent holdings for substantial gains.
The SEC’s complaint further alleges that Veugeler devised a Cardiovascular promotional campaign to facilitate Seven Palm’s liquidation of its Cardiovascular shares and that many of the Defendants’ public misrepresentations and omissions concerned Seven Palm providing funding to Cardiovascular. The complaint alleges that public statements regarding Seven Palm providing funding to Cardiovascular were misleading because at the time they were made, Seven Palm had not provided any funding to Cardiovascular.
As alleged in the SEC’s complaint, the defendants violated Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The complaint seeks a judgment against all defendants providing for injunctions, and civil money penalties. The complaint also seeks disgorgement of ill-gotten gains with prejudgment interest against Seven Palm, Veugeler, and Cardiovascular Sciences, and penny stock bars against Veugeler and Hooper.
Here is the stock chart of Emergent Health:
Here is the stock of Cardiovascular Sciences:
Disclosure: No positions in any stocks mentioned. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.
A green start to the month. Who cares if I didn’t bank coin today … I like to start off in the green and that is what I did.
This post brought to you by Scalpicin (TM). “Scalp better with Scalpicin!”
Trades today:
15:16:03 INKND B 0.31 5500 NITE
15:58:05 INKND B 0.34 7000 NITE
15:15:37 INKND B 0.31 1500 NITE
13:08:15 INKND S 0.28 4850 NITE
13:06:04 INKND S 0.278 600 NITE
09:54:15 INKND S 0.3 5000 NITE
13:03:39 INKND S 0.27 4550 NITE
09:53:17 INKND S 0.3098 5000 NITE
13:00:23 INKND B 0.2801 10000 PFSI
11:14:01 INKND B 0.31 5000 NITE
09:31:03 EVSI S 0.33 5000 NITE
10:06:12 ACLH S 0.045 10000 NITE
10:03:53 ACLH B 0.043 10000 NITE
11:44:15 INKND S 0.319 5000 NITE
09:40:41 INKND B 0.285 10000 NITE
+ BOT 5,000 APPY false Stock 3.870 USD SMART 09:35:01 25.00
+ SLD 5,000 APPY false Stock 3.903 USD ISLAND 09:36:32 25.50
SLD 2,000 CHGY false Stock 2.5700 USD SMART 12:00:24 10.00
BOT 2,000 CHGY false Stock 2.4600 USD SMART 12:05:33 10.00
Daily profit: $397.30
Disclosure: Long 14,000 INKND & short 5,000 AMEL. No positions in any other stocks mentioned. Scalpicin (TM) has not approved this blog post and is not an advertiser. The above image and accompanying “motto” is a joke and a bad one at that (although the link is my affiliate link to Amazon.com). This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.
Listen to me tomorrow (Sunday) night at 8pm Eastern time. I will have an hour-long show that must not be missed. Simply put, I will attempt to give in audio form the longest-awaited and greatest blog post I have never finished writing, “The greatest investing blog post in the world, part 2: Evidence-based investing & statistical thinking.” (Check out Part 1 of the blog post series.) I will discuss how I died and how I killed a man. I will give you the only advice on how to win at Dragon Poker.
Those who may miss the show can subscribe to my iTunes podcast feed.
After my speech I will take any and all viewer questions, related or unrelated.
Please leave a comment below if you are interested in hearing this as a recurring show and let me know what you think of the time slot.
Disclosure: No positions in any stocks mentioned because none are mentioned. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.
Thursday profit: ($163.00)
Friday profit: $174.00
Disclosure: No positions in any stocks mentioned because none are mentioned. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.
No video today or trades because I am tired.
Daily profit: $191.19
Disclosure: No positions in any stocks mentioned. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.
No video today or trades as I am holding several large positions in illiquid stocks overnight.
Daily profit: $615.68
Disclosure: No positions in any stocks mentioned. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.