Mike Lindell Media Corp (MLMC)

[ThePennyTrader]

Well let me put it this way.

This stock was being pimped by perfectpennystocks.com, which anyone who reads the yahoo boards knows, they have a ton of "affilitates" that they pay to go to places like yahoo to promote their site. Then all the people that sign up to the site get "free picks" that are supposedly 100% accurate.

Now in the mean time the people that run pps.com front load whatever stock it is that they are putting out an alert for beforehand. Then once it's sufficiently pumped in price from all the people who read the alert, the site owners sell off, and that is when you get the drops in price like the ones you've seen here.

If you follow pps.com you'll notice that almost every one of their picks is a stock that has very little volume and lots of sideways action for long periods of time. This makes a perfect candidate for the scheme they play over and over again. The huge influx in volume often causes the price to jump very rapidly.

So in summary like I said it's a pump and dump. It was pumped 100% and now it's already lower than it was when the pump started and lower than it has been in 4 months. Learn the game and you'll do much better in the market.