As I mentioned on a special impromptu LiveStock today, I shorted 4,000 shares of Americas Energy Company (AENY) at $4.70 this morning…watch and learn:
After correctly predicting a morning panic, I covered those shares at $4.19, nailing the bottom, finally having a good exit and making $2,000…several TIMalert subscribers banked $5,000+ too:
+$916.50 on AENY short … I shorted at the same time as Tim, before the alert. I covered many of my shares way early, but still not bad.
-Reaper
TIM COVERED 4000 AENY AT 4.20
-BULL
Reserved shares of AENY at TOS early this morning, shorted 2,500 at 4.65 and covered at 4.17 +$1,000… Thanks Tim!!!
-mihk
+305.00 on AENY with only 1000 shares
-Anthony
Grand total of +338 on AENY AFTER my daytrading commissions. Thanks Tim!
-TF
Out of AENY +400
-Tbohen
Those who purchase my “Learn To Read SEC Filings” DVD package will see my dig through this carcass of a company’s SEC filings, pointing out numerous red flags, but understand a few of the red flags and why I reshorted 4,000 shares again at $4.66 late afternoon, alerting TIMalert subscribers:
AENY came all the way back to my original entry and now looks to have failed to go green on the day..it could still squeeze, but this is looking toppy and my guess is this rise is one last attempt from a promoter to prop this carcass up…goal is to cover again in the low 4s, might even break today’s low of 4.16 later today or tomorrow…not really gonna cut losses on this true pump and dump
1. This stock is up only because it is a paid pump & dump that the SEC is too lazy/incompetent to stop….somebody paid $700,000 to Bistro (as evidenced by one of the guys who got it) for a hardcopy mailer (a few people are gonna scan their copies tonight so I’ll be able to post tomorrow)
2. This gem of an online advertisement carries a whole bunch of BS hyperbole, but this important disclaimer at the bottom:
The distribution costs of this report to new subscribers, one hundred fifty thousand dollars, were funded by Bistro Ltd. in an effort to create investor awareness of Americas Energy Company, Inc. Bistro Ltd. is neither a broker-dealer nor investment advisor, but is a shareholder in Americas Energy Company, Inc., holding one million shares of Americas Energy Company, Inc. shares which can be publicly traded (sold) at any time by Bistro Ltd.
Bistro Ltd. was paid $150,000 and has one millions shares in this pump & dump…they’ve done a great job pumping, now it’s time for the dump
3. AENY has no acceptable accountant/auditor!!!! They can issue all the fluffy meaningless PRs and glossy advertisements they want…click the news tab on on AENY’s quote for PinkSheets.com and realize Canada has already issued a “cease trading order”…this is reserved for only the biggest piles of junk like Global Health Ventures Inc. (GHLV) that get busted by the Vancouver Sun (GHLV has dropped 50%+ off its pumped up highs)
Check out AENY’s cease trading order in Canada…yup, it followed the even after they changed tickers/corporate names (they tried to hide the stench, but failed):
Variation of Cease Trade Order
Americas Energy Company – Aeco
(formerly Trend Technology Corporation)
Sections 164 and 171 of the Securities Act, R.S.B.C. 1996, c. 418
1 On October 20, 2009, the Executive Director ordered (the Cease Trade Order) under section 164 of the Act that trading in the securities of Trend Technology Corporation (the Company) cease until the Company files an auditor’s report prepared by a public accounting firm that had entered into a participation agreement with the Canadian Public Accountability Board, as required under National Instrument 52-103 Auditor Oversight (the required auditor’s report) and the Executive Director makes an order under section 164 of the Act revoking the Cease Trade Order.
2 On October 14, 2009, the name of the Company was changed from Trend Technology Corporation to Americas Energy Company – Aeco.
3 The Company has not filed the required auditor’s report and the Executive Director has not made an order under section 164 of the Act revoking the Cease Trade Order.
4 Under section 171 of the Act, the Executive Director varies the Cease Trade Order to reflect the Company’s change of name from Trend Technology Corporation to Americas Energy Company – Aeco.
5 November 27, 2009
John Porges
Manager, Compliance
Corporate Finance
4. The guy who wrote the AENY advertising letter is named JW, the very same guy who wrote the advertising letter for NXT Nutritionals Holdings Inc. (NXTH) (remember the CEO blamed me for the stock’s 50%+ dump…maybe he shouldn’t have tried to pump & dump his stock…you know avoiding the pump often avoids the dump…(except then the carcass company never raises $ and goes out of business)…TheStreetSweeper had a great article about how corrupt NXTH is and Jarret’s pump letter’s part in that pump & dump…remember NXTH dropped 50%+ in one day and if you look at the chart, the obvious time to short was whenever it spiked
Long story short, AENY is my bread and butter kind of short…a company with no acceptable accountant/auditor, a cease trading order in Canada (can the SEC really be that far behind?), a $700,000+ mailer that has lured in the most gullible, a hugely manipulated/pumped up stock and a stock promoter who can and will sell 1 million shares after their pumping is over….today was the first down day and as my DVD students know, that’s an awfully bearish sign.
TIMalert subscribers will know when I cover the stock, but I’m guessing it’ll be tomorrow, ideally into a morning panic that takes out today’s low of $4.18, onto the stop losses at $4 with my goal being to cover in the mid to high $3s as Bistro Ltd. dumps their 1 million shares and the gullible people who bought in the 4s and 5s ignorantly curse the term ‘penny stock’ (a distorted notion reinforced by the corrupt media who refuse to teach honestly for it would mean the end of their big pay days for renting their customer’s emails…I see now even Morningstar.com is promoting the incompetent stock promoter Stock Preacher (pathetic)) when in fact they should be cursing themselves for their own gullibility and ignorance for not learn to profit from these setups using my instructional DVD packages.
Posted in Manipulation