UPDATE: Sogotrade did have shares of CLRH to short yesterday, it’s my bad for not signing up with them sooner…congrats to the dozen or so TIMalert subscribers who did and profited nicely:

+300 on Sogo trade shorting of CLRH
-JC

Time to take out the trash, that being the corrupt financial media industry. You see I teach TIMalert subscribers and PennyStocking DVD students how to uncover and profit from penny stock hype & manipulation and while most of my investigations are limited to future jailbirds like BestDamnPennyStocks.com and Penny Stock Chaser, every now and then the stench left by major financial media outlets who are either totally corrupt and on the take or too dumb and incompetent to realize who they are in bed with catches my nose and I feel compelled to write.

(PS You can learn to do this research yourself with my brand new “Learn To Read SEC Filings” DVD package)

Instead of ripping off a few wealthy country club members like Madoff, MSN Money, FOX News, Motley Fool & Seeking Alpha are guilty of ripping off their poor naive readers, creating mammoth losses based on fault articles, basically making people hate penny stocks for their “unpredictability” when the truth is the exact opposite: if you know how to research stock promotion, there is GREAT predictability…even if it means these major financial media outlets are discovered to be outright criminals who should be stopped, sued or fined, most likely a combination of all 3.

I’ll start with the 2 stocks in question, Clear-Lite Holdings, Inc. (CLRH) and NXT Nutritionals Holdings Inc. (NXTH), two of the most blatant pump & dumps of recent memory, their very existence and perpetuation making the SEC more of a laughing stock than it already was (Madoff did a good job).

Hmmmm, see any similarities?

I’ve already written about FOX News’ Charles Payne being involved in not one but BOTH pump & dumps:

Calling CLRH a pump & dump a day before it dropped 30%+

Charles Payne & other penny stock promoters wish they could get this

Charles Payne’s promoted piece of crap company tanked 60% in one day…when the pump turned into a dump

But digging through CLRH’s articles today, I see a Motley Fool article by “JimVanMeerten” talking about how CLRH is a speculative buy…

Hmmmm, curious to see a bullish article when the stock tanked 30%+ today…and where do I know that name from? A Google search reveals Jim Van Meerten is a blogger at FinancialTides.BlogSpot.com and also a Seeking Alpha contributor…now we already know Seeking Alpha ain’t crystal clean after the whole Diedrich Coffee Inc. (DDRX) incident, but would they really publish a stock promoter’s articles?

I mean Jim also writes for MSN Money, he’s a respectable guy, right? Maybe he just wrote about CLRH because it was speculative, right? He even says “Normally on Financial Tides we do not follow highly speculative or IPO issues but I’m going to make an exception for Clear-Lite Holdings”…

The problem with Jim is that he’s not too bright. Just 2 weeks ago, Jimmy boy also wrote a bullish article on NXTH for Seeking Alpha starting it out by saying the usual: “On Financial Tides I usually don’t look at small speculative stocks but the technicals on this are too good to pass.” going on with his BOILERPLATE article about how heard of this company through its marketing and BarChart.com confirmed its technicals look good LOL…just like his NXTH article…like a bad actor reading a script…so is this bad actor getting paid to write this junk?

That NXTH article was on October 25th and the stock dropped 70% just 2 days later. After writing bullishly for major online publications within days of the two most BLATANT pump & dumps dropping bigtime, either Jim is the unluckiest guy in the world or he is a paid stock promoter. No disclaimers on any of his sites or articles means that if the SEC does do its job and investigates for once, he better not be a a part of some company or have any affiliations because that’s fraud.

I’m not the judge or jury, but in penny stock land, if something smells fishy, it usually is a whale. Feel free to answer me Jimbo…PS Jim, stop losses don’t matter when PUMP & DUMPS COLLAPSE WITHIN MINUTES…do you know this or are you gonna play the role of the dumb stock promoter?

So SEC are you reading? Can someone forward this to the SEC please? Normally I don’t try to stop stock promotion, but as I’ve said Payne and his crew are too selfish to let many short sellers in and I just cannot take the hopelessly misguided daily emails I get from readers of MSN Money, FOX News, Motley Fool & Seeking Alpha who don’t understand why the “amazing” stocks which they read about are tanking 50% in a day…

NXTH’s pump broke a few weeks ago, but if you think CLRH is anything close to being a legitimate company, read through TIMalert subscriber Doc King’s research reposted below…it’s what MSN Money, FOX News, Motley Fool & Seeking Alpha should be doing before featuring and publishing articles of stock promoters, but instead are too busy taking in useless and dangerous content so they can get their pathetic ad sales up.

And SEC, if you want to hire me, just contact me here and we’ll negotiate…I alone seem to do more work busting these pump & dumps then your entire organization so how about firing them and giving me half their salary, saving you and the taxpayers money. Whatcha think?

Tags: FOX News Penny Stock Promoter, FOX News Scandal, Jim Van Meerten Penny Stock Promoter, Motley Fool Penny Stock Promoter, Motley Fool Scandal, MSN Money Penny Stock Promoter, MSN Money Scandal, Seeking Alpha Penny Stock Promoter, Seeking Alpha Scandal