The Tobin Smith Pump
Tobin is trying to be the next Thom Calandra - (formerly with CBS MarketWatch) though Thom ended up having to refund all the subscribers when he got taken out of business but he did help many make a ton of money. He pumped up IVAN from $0.34 to $7..and was touting that it would go to $20 before the SEC took him out of business.
For a few weeks Tobin has been pumping this like mad as he started bought some time ago and in his recent ad it was not directed to subscribers but to a huge huge mass mailing. This is how these guys can get real rich so he will try his hardest to pump this one to a buck - and they really lay it on heavy. I rode a lot of the Calandra pump of IVAN and as it got going to over $2 it could moves 30% in minutes of one of his intra day news letters. Smith has the exact same plans for NEOM - he may not be successful but he mentions ths stock each week as one to buy as if they will be the only company to use bar codes and cell phones...
What he writes about NEOM, "This stock, my friend, is the mother of all Internet growth stocks. " "Just a small investment -- and I mean $2,000 or $3,000 --could easily roll up a hundred grand or more. " "And its current shareholders see this eight-cent stock valued
1,000%-10,000% HIGHER than it is today."
He predicts $5 by 2005 and over $1 as soon as news comes out.
IT is a good pump for sure as he writes a lot about it and pushes all the hot buttons and that is why it has moves a couple of pennies the last 3 days. But if he plays it like Calandra then once he can get it over 50 cents he will pull out all stops and mass mail to 100s of thousands and that could move the stock fast even with its huge float.
Is fun so far - remember that at this stage it is totally a pump job for Smith's profit but we can ride it just the same.