Quote:
Originally Posted by teomaxxx
just did 10k net with this stock today:
http://finance.yahoo.com/q?s=TEWI&ql=0
well, i also lost 10k in a day last year.
owned a position before some pumpnewsletter pumped it today.
not every time you are lucky. |
It was a darth trader / stock psycho pump ... He's usually pretty damned successful, from what I have seen. How do you manage to get a good entry, though? Every time he alerts something, I can't get filled at any decent price
I took a big haircut on JALA because the $2.2M promo turned out to be fake. Got in around 16 and escaped around 09 ... That's okay though because it was a "make several hundred percent or lose 50%" type of play.
Maybe the next one will be better but these pump and dumps sure are difficult to take advantage of in terms of knowing what promos will be successful or not and all of that. Then, to further complicate things, sometimes they run the stock way down the first day and then run it up so they can claim higher % gains. Then, even worse, many times they don't even care if the price goes up because they just want to be able to sell off a billion shares at ANY price.
Some time when I'm able to short these, I think I could make some money, though. That is also very difficult from what I have read and pretty risky, but these do crash fairly reliably. 95% of all pumps do crash