InvestorsHub Logo
Followers 107
Posts 11954
Boards Moderated 0
Alias Born 04/06/2007

Re: Honest_Devan post# 49934

Wednesday, 08/18/2010 7:53:51 PM

Wednesday, August 18, 2010 7:53:51 PM

Post# of 173017
Yes I do, and have posted it here many times before. I owned a stock that had the Caveat Emptor label attached and ran 10,000% from .0002 to .02 and then on to .08. Same dire warnings that it was a scam and peeps would be throwing their money away if they bought the stock and everyone should sell because the stock was headed to .0001 "guaranteed". That stock was ASFX. I owned millions of shares at .0003 and staunchly defended the company because I had been following it for a year and knew that 90% of the criticism was bogus.

On the morning of the day the stock started its run, it traded at .0002 and there were peeps on the board attacking the company, and telling all it was hopeless. That afternoon a PR was released that started a three day run of 10,000% on almost 2 billion shares traded. Following that run were several more. The PR was not even that earthshaking, but it was enough to send the stock skyrocketing.

Research it yourself if you want verify the facts. Don't ask me to do it for you.