Remember when The Vancouver Sun ripped on stock promoter Beacon Equity for being so shady?
InvestorSoup.com pretends to be a useful stock commentary website, but they are nothing more than the incompetent stock promotion arm of the single worst reviewed financial product on Investimonials, Beacon Equity aka BlueWave Advisors LLC (see reviews)
Normally I ignore such embarrassments because their stocks aren’t worth buying or shorting, but when I get emails from TIMalert subscribers who are too naive to realize what Beacon Equity is, I must step in.
You see Beacon Equity owns InvestorsSoup.com and hundreds, literally hundreds of other domains like StockPreacher.com and Stock Hideout, all leading to one large email list to which they charge tens of thousands of dollars the worst companies in the world access. Problem is that list is so polluted, the people on it rarely buy any of the stocks mentioned and they’re too dumb and poor to even know how to access their email.
To help make their pumps look real/meaningful, Beacon farms out some of of the cash they take in as payments to other websites like TheHotPennyStocks.com who pushes out the same crappy pick on their free newsletter subscribers (as I wrote which is why free newsletters actually cost thousands of dollars in misinformation)
Take their last pick on Metatron Inc. (MRNJ) which they picked at 17 cents/share:
After getting their “free” subscribers in at the top, they made this excuse for the stock’s 50% fall:
MRNJ was up early on Friday and then experienced a wave of selling like I have not seen in a long time.
The stock was up over 20% in early trading on Friday and then got hit by a wave of selling. This demonstrates just exactly what I am talking about when I recommend that traders put a strong stop loss on all trades.
In fact, here is exactly what I said “If you trade it, make sure that you put a tight stop on it and a trailing stop to capture gains if it takes off.”
If members had followed my advice, they would be “fine”. I never like to see one of my picks collapse like this, but by putting the right type of stop losses in the trade, members will be protected. As traders, we are in a marathon not a sprint. Minimize losses and maximize gains, I always say.
Nice advice, problem with that is dumb investors and traders DO use stop losses and that’s what causes 50%+ collapses within minutes….you can use all the stops you want, but you won’t get out until the stock has already crashed….on these shady OTCBB and Pink Sheet stocks NOBODY gets out.
Following InvestorsSoup.com aka StockHideout.com aka Beacon Equity WILL lose you 50%+ on most picks with no way out…to the 2 TIMalert subscribers who emailed me and everyone else who got stuck in these plays, I say, good, you’re wiser now. Any guesses how their latest compensated pick, Biopack Environmental Solutions Inc. (BPAC), will do over the next few days (potential short)
Posted in Manipulation