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mmmmm.Trying to do that calculation. I know it has jumped back to .67 or so, but what price did you get back in at?
I agree. You've got to have a big pair to run after this one again.
Kinda reminds me of a Godfather quote:
"Just when I think I'm out, they suck me back in"
But not this time.
North Springs Resources (NSRS)
Thanks to a massive pump and dump scheme, NSRS is becoming a fixture here.
And this is what has me concerned…
You’ll see, I’ve seen this before. An all out promotional assault was in place for Lone Star Gold (LSTG). My regular readers know all about LSTG. If you’re not familiar with them, take a look at their chart below…
So, here’s what happened…
I started getting emails from the pumpers back on August 14th. And as you can see, the stock spiked almost instantly due to all the hype. But since then, the stock has absolutely tanked!
In fact, shares of Lone Star have dropped by over 65% since their peak.
With each and every drop in share price, the pumpers sent out more emails hyping the stock. One email said LSTG “has corrected, don’t miss the next leg up.” Another claimed the stock was “set for a breakout.”
Judging from the chart, I’d say breakdown is more appropriate!
Now here we are in January of 2012. The pumpers have all but stopped hyping LSTG. They’ve moved onto NSRS.
This time around, Free Penny Alerts LLC is doing most of the heavy lifting. You’ll not only see emails from them, but also from all their affiliate websites. Below is a list of all the companies sending out virtually the exact same emails every day pumping NSRS…
Premier Penny Stocks
Killer Penny Stocks
Penny Pic
Free Penny Alerts
Explicit Penny Stocks
Free Investment Report
Penny Stock Alley
Gladiator Stocks
Now what’s really interesting is the same exact email titled, “NSRS is soaring very quickly? Are you in?” was also sent out by two other companies not owned by Free Penny Alerts LLC. These pumpers go by the names…
Awesome Penny Stocks
Penny Stock Gains
Digging a little further, I found out these two companies were owned by Centro Azteca S.A, based in Belize of all places.
I don’t know what’s going on here, but when I searched for business information on them in Belize, I came up empty. And while they may be a legitimate company registered in Belize, it seems odd I can’t find anything substantial about them.
Clearly, the companies pumping NSRS appear to be sketchy at best. But I’m going to show you the single best reason to stay clear of North Springs stock.
Take a look at the charts of LSTG and NSRS. Each one shows the first few months the stock was getting pumped hard.
The price action is almost identical!
Each one took off as soon as the pumpers started hyping it.
But here’s the lesson learned from LSTG. Remember, I showed you above what happened to LSTG after the pumpers stopped. The little guy got left holding the bag.
I wouldn’t be surprised to see the same thing happen to NSRS. Don’t say I didn’t warn you… stay away from NSRS shares!
Probably fear. Once the stock starts moving south people think its over. It may or may not be, but I'm out and enjoyed the ride.
Hey Paul,
Hope you got out in time. This turned out to be a good play huh?
See you on the next one.
GL
Don't allow yourself to get sucked in again. The play is over.
I am a Cnd. and us TD Waterhouse.
Regardless of the outcome of this play. APS's made me money. I made $$$$ on the way up and yesterday I took a risk and shorted it and make money again. Awesome is still the best. Looking forward to the next play.
Good luck to you guys that are hoping for a bounce. Too risky for me.
Man when this thing starts to fall, folks are going to have trouble getting out at a reasonable price. Take some profits NOW!!
Could be a very interesting last hour.
Clever.
I wouldn't hazard a guess Paul, but I think you know what I am hoping for.
Us shorts have nothing to cheer about...... so far.
Timmy's track record is probably a lot better than yours. Be careful.
Stevia Corp. (OTC: STEV): Stevia has been pumped before in print mailers — and now I’m seeing the stock make yet another monster move — 150% in just 2 days.
I haven’t seen the new promotional material for this go-round, but I’m all but certain Stevia shares aren’t moving that far, that fast all on their own. I would not be surprised to see this stock back below $1 in short order…
North Springs Resources Corp. (OTC: NSRS): If I never see this ticker again, it will be too soon. During the first two and a half weeks of 2012, my spam filter has nabbed countless NSRS promotions.
It feels as if every pumper in the country has been assigned this stock — and they’re going to make sure the company gets its money’s worth.
Unfortunately, I don’t think this stock is going to go quietly into the night. Judging by how the chart is setting up, I’m guessing that this could be a longer-term pump — much like we saw from Jammin Java Corp. (OTC: JAMN) early last year.
We’re probably in store for multiple shakeouts and re-pumps, culminating in one devastating drop. But that’s just a guess.
It’s impossible to know exactly what the manipulators have in mind, which is what makes stocks like this so dangerous to trade.
Sincerely,
Greg Guenthner
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Source: Penny Sleuth
Hi Everyone,
For our new subscribers, Welcome!
NSRS is up 30% so far today and is showing every sign of continuation throughout the day and the week.
We are getting close to crushing past $1 but better yet we are getting closer and closer to $5 there are still over 700% potential gains up for grabs
NSRS is bleeding shorts to death. There are over 20 million shares short according to finra's regsho and with a strong short squeeze our members could benefit like never before from a massive run.
NSRS still has a "Strong Buy" rating issued by iri with a $5 target price set for the stock. That's almost 900% gains still up for grabs from current levels.
Again, 'lexg' is the best example of how beneficial a strong short-squeeze can be for share holders. It went from ~70cents to over $10
Fireworks are in the air! NSRS is running to multi dollar levels very fast at this rate!
Congrats to those of you who had the you know whats to hang on.
Great stuff.
Yeah, I agree. However, even with stops in place it will be hard to get out at a decent price when the massive exit begins.
Timing is everything. I'm out. No need to get greedy. Thanks Stevia.
Man, I never thought I would make this kind of $$$$ on this investment. Wowser.
We all in it to make a quick buck or two. Most of us know what it is. It is simply a well done P&D and APS are probably the best at the game.
Not to worry. They will arrive in time.
Nice one bud. Good luck to ya.
Think this thing is going to break next week Paul?
Gotta admit though, the price of lemonade is holding up pretty well here. Insiders not ready to cash in yet.
If they ever do, that would be a bonus. Or retirement maybe.
Why do they need to find gold when they have people like us buying thousands of their crappy shares?
Man you've got big kahonies bro. Guess I just gotta grow a pair.
Good luck
Yeah, I know. Just thought I'd post this message just incase some members of this board have illusions of grandeur with this thing.
Not bashing. Good luck to you all and take a little profit if you can.
North Springs Resources (NSRS)
I’d hope after last week’s expose` on North Springs Resources, you’d be ignoring the pumper’s emails. But with the all-out blitzkrieg of hype from paid stock promoters, you may be tempted to buy some shares.
If you missed it last week, let me quickly recap NSRS for you…
North Springs Resources is a gold exploration company that has an exploration deal in Wickenburg, AZ just getting underway. In a press release on January 11th, the company’s president hopes to prove they’ll strike gold and said,
"We are confident that the planned exploration and drilling at Goldstar could quickly prove up the current 350,000 ounce estimate and provide us with enough data to make the decision to build a new mine and quickly go into production."
To prove their theory, the company had to borrow $1 million, at a 10% annual interest rate, to pay for the exploration phase of the project. NSRS has already committed over half of this million dollars to prove they might be right.
That sounds all well and good, but here’s something you should know before investing in NSRS shares…
Before they borrowed the money, the company had $16 in cash on the books. Yeah, not $16,000, or $160,000… but $16. That’s only enough to pick up lunch!
What’s more, NSRS is spreading their newly acquired cash a bit thin. North Springs has their original Nevada gold project (which isn’t producing gold) and the newly acquired GoldStar project in Arizona.
That seemed like well more than enough hype. But no, not for these guys…
NSRS just announced they’ve signed a letter of intent to invest more money in a gold project in Ghana!
Ghana?
Seriously now, what business does this little company in the US, with no revenue to support expansion, have trying to explore for gold halfway around the globe?
NSRS needs to leave the Gold Belt in Ghana to the big boys like Newmont and AngloGold. These multi-billion dollar miners have the revenue to spend on expansion and research into distant lands such as Ghana. Not some rinky-dink company with $16 in cash, no revenue, and a stock that’s pumped by paid promoters…
I don’t think I need to add anything more as NSRS has just given you a huge red flag to run away as fast as you can. North Springs is clearly reaching in a desperate attempt to find gold anywhere… anywhere at all. Their latest attempt to explore in Ghana proves it.
Hey you just told me to buy a minute ago. Now your not sure???
I have been in and out of this thing so many times, I am losing track. Will take your advice into consideration though.
According to your personal info, you are in a little doubt yourself.
Investment Philosophy: I wish I knew
If it's any comfort to you, I don't have a clue (most of the time) when it comes to this sort of investment. Frankly, I think it's all timing.
I'm with you Paul. Too risky. I'm out with a modest profit. Better safe than sorry.
Not mention making money. At you know who's expense.
Hey Paul,
If you wan't buy some shorts, I lost a few pair last week on this one. lol
I guess the promoters have an obligation to continue to pump, however, it looks like it's all in vain.
PUMPING CONTINUES.
Hi Everyone,
For our new subscribers, Welcome!
NSRS not only received a $5 target price with a "strong buy" status by IRI but it has also just been mentioned on seeking alpha (a major international news outlet). They are saying that "the stock could achieve a price of $4"
This reinforces our thoughts about the stock continuing to gain momentum well into the multi-dollar range and still leaves several hundred % in gains possible.
Whoever doesn't consider NSRS in the current 50 cent range is crazy! According to the above NSRS is extremely undervalued at the current levels.
If something is worth $4 or $5 and you can buy it for about a tenth of the price isn't that a smart decision to make?
Short sellers are also getting exhausted right now and we feel like there should be a lot of short covering occuring in the coming days.
http://seekingalpha.com/instablog/973391-brian-nichols/252057-a-4-opportunity-in-north-springs-resources
NSRS is a rare opportunity to play it smart!
NSRS also signed DEFINITIVE agreement to acquire interest in Arizona gold property with estimated 350,000 oz ($550 million) of Gold. The property is called Goldstar and is located in Arizona.
NSRS also announced it has reached an agreement in principle to acquire a 100% interest in two prospecting licences in the prolific gold producing region of the Kabouri Gold Mining Area in the country of Guyana, South America.
The area has produced $160 billion worth of gold!
NSRS is poised to soar hard and fast! When will we see $5?
Happy Trading!
Your AwesomePennyStocks Editor.