Saturday, June 04, 2011 12:31:42 AM
"Pump & dumps are indicated by...1. SPAM EMAIL 2. STOCK TOUTS 3. THE BACKGROUND OF THE OFFICERS 4. MESSAGE BOARD CONTENT 5. CLAIMS OF BREAKTHROUGHS 6. PRICE AND VOLUME UPSWING ON NO NEWS 7. FINANCIALS (or lack thereof) 8. ISSUED AND OUTSTANDING"
So lets see if we can try and figure out why they are touting FXIT as a Pump & Dump.
1. Has any one recieved an email pumping FXIT? If anything pumpsanddump.com email seems to be doing a "short and distort" (short-sells the stock, and then artificially lowers the price, using the same techniques as the pump and dump but using criticism or negative predictions regarding the stock. The scammer then buys back the stock at the lower price.)
2. Any Stock touts http://community.benchmarkemail.com/users/trendmomentum/newsletter/-FXIT-Announces-$3M-Revenue-First-Quarter--Look-Inside
3. Background of Officers. Well we know from the conference call with CEO that he was involoved with a company that failed because of the housing/economic bubble colapse. He assure us that repayments were paid.
4. Message board content seems to be more negative than any one pumping this stock especially on yahoo board.
5. Claims of breakthrough, any?
6. Price has been falling, and volume rised the week a positive Q1 report came out. So there was news when there was volume.
7. FXIT is fully reporting with the SEC.
8. Issues and outstanding, anyhting?
If you know any reason they have their eyes on FXIT? anyone know anything please reply with the information you have.
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