Friday, October 22, 2010 12:54:23 PM
Could you please explain your reasoning on the above statement! The volume and price movement is very typical of a pump and dump. Look at a 2-3 month chart, a steady movement up for a couple of months, the PUMP faze, and then a very sudden drop, the DUMP faze.
WRGL also still has that dreaded WARNING sign and says in part; (See below) " you may unwittingly be relying on BOGUS pricing and FALSE promotional information from SPAM email or faxes. Worse yet the individual placing the order – while appearing as an unsolicited member of the general public – may actually be in LEAGUE with the FRAUDSTERS. That’s frequently how the FRAUDSTERS GET THE PUBLIC MARKET STARTED OUT OF THE BLUE, and how they are able to GENERATE THE APPEARANCE OF INVESTOR INTEREST AND TRADING VOLUME."
NOW, does the above description look and sound familiar?
Now that's why I posted this prediction a couple of weeks ago! "Looks like WRGL is getting ready for it's next PD. UP several cents on no REVENUES, just HYPE!"
FRAUDSTERS just "GENERATED THE APPEARANCE OF INVESTOR INTEREST AND TRADING VOLUME."
Here again is the WRGL WARNING sign "Unsolicited Quotations"
http://www.otcmarkets.com/stock/WRGL/quote
When you see the word “unsolicited” as part of a stock quotation page on a website such as the Pink Sheets (marked as “unsolicited”), you should be aware that the quote is not necessarily a market maker’s own quotation reflecting a price based on market conditions or current information about the company being quoted. Instead, it is a quotation that a market maker posts to reflect an unsolicited order by a customer. So, if you and anyone calls his or her broker, or places an on-line order for the stock – without the broker’s promotion of the stock to that individual – that order would be posted at the customer’s own designated price and marked as an “unsolicited” quotation. It is important to be aware that the individual placing such an order may not be relying on current information about the company – which is vitally important before making an informed investment decision. The individual may unwittingly be relying on bogus pricing and false promotional information from spam email or faxes. Worse yet the individual placing the order – while appearing as an unsolicited member of the general public – may actually be in league with the fraudsters. That’s frequently how the fraudsters get the public market started out of the blue, and how they are able to generate the appearance of investor interest and trading volume. So when you see the word “unsolicited” in reference to the quotation’s status, you should be cautious and find out whether there is current information about the company before you buy or sell the stock.
“There are three kinds of men. The ones that learn by readin’. The few who learn by observation. The rest of them have to pee on the electric fence for themselves.” –Will Rogers
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