SEC shuts down PSC - Penny Stock Chaser

[Theo]

"The complaint included six examples of their touting, the most profitable of which was a Toronto company called Atlantic Wind and Solar Inc. The company, which claims to make rooftop solar panels, appeared on the PennyStockChaser site in an Oct. 14, 2009, posting. It read, "[Atlantic] closed at $2.10 yesterday and it is poised to go into break out mode, THIS PICK IS HEADED TO $10.00." Another post on Oct. 21 said that PennyStockChaser had spoken to Atlantic Wind and had learned that there was "big news" coming at the end of the week. The next day the stock went to $4.84 on volume of over one million shares. During the promotion, Mr. Ryan and Ms. McKeown sold 360,000 shares at price between $1.49 and $3.37, grossing $780,600, the SEC claimed.

A few posts touting and you can gross $3/4 million...no wonder it's such a lucrative pastime...