NewStream Energy Technologies Group Inc (NSGP)

[panzer6]

This must have been smoking hot last year.

Burned by Clean Coal Technologies
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Dear Mr. Berko: You wrote a column on Clean Coal Technologies last January when it was trading at $23. I'm a chemical engineer and I know something about the technology so I bought 300 shares for $7,000. Within several weeks the stock ran up to $58 so I sold my stock and more than doubled my money. I thank you for that tip. However, several days later the stock was trading in the mid-$60s. I thought I made a mistake so I re-bought 300 shares at $68. The stock ran up to $75 and crashed down to $1.60 several months later. What did I miss? Where did I go wrong? Please advise me because I still own the stock. — S.P., Aurora, Ill.

Dear S.P.: While Clean Coal Technologies Inc. (CCTC-$2) was trading in the $70s, the company announced a 5-for-1 split, so your 300 shares became 1,500; on an adjusted basis, the $75 a share price now translates to $15 a share.

In that January column I said that CCTC was a "gross speculation." And I'll remind you once again that not only is it a gross speculation, it's a gross-gross speculation, which is a gross squared.

You must also recognize that the speculative fervor in CCTC was 95 percent unrealistic and 95 percent unwarranted. The speculators pushed CCTC to the ionosphere and also shoved it back to sea level. And you don't need to be reminded that you were a blithering idiot to rush back in after earning a sweet $7,500 gain, which has now been turned into a loss (if sold 1,500 shares today at split adjusted price of $3 a share) of $15,500.