Check it out right HERE. You’ll discover that when you write a brutally honest piece like that—without pay or motives considering I’m not short any of the stocks mentioned nor do I know anybody who’s short—you’re not gonna make too many friends in this joke of an industry. Especially down here in the gutter of the stock market.
Big whoop, I have too many friends already—it’s more fun to write for honesty’s sake, helping the unfortunate suckers who aren’t as experienced as me. That’s my business model and it’s gonna piss off a lot of the people who earn their livings by preying on those amateurs. Deal with it. If I do my job right, penny stocks and microcaps will become infinitely more popular because people will understand how to play the game.
Think of it as cleaning up SoHo so we can build all these nice shops and attract tourists in our neighborhood for once. I’m not trying to get rid of the manipulation—that’ll never happen—just trying to explain it so people can profit from it.
Download a PDF version of this post.
Forget about how entertaining it is to watch CNEX’s amazing, now 70% disintegration on the day down to $2.25 (those of you who took solid profits in the $4-5 range, welcome to that great feeling of regret!), the response on the Yahoo message boards to my calling Converted Organics Inc (COIN) and China Organic Agriculture (CNOA.OB) out on being nothing more than promotion schemes is priceless. Feel free to voice your opinions there!
3 things we can take away from all this
1. I hope the SEC does come after me because I have nothing to hide, I’m not short these stocks, I’m not working with anybody to beat these stocks down, I have nothing against stock promoters or their work, I write only based on experience and to cut through all the BS so people can understand what’s really moving these stocks and ideally profit from it. It’s amazing/fun/interesting that this is such a novel concept to so many in this industry.
2. Hopefully Investopedia reads this article and changes their website that says short selling penny stocks is impossible!
3. Notice nobody on the Bioshaft Water Technology Inc. (BSHF.OB) is complaining, everyone already knows that’s a pump and dump!