North Springs Resources Corp. (NSRS)

[startmeup]

North Springs Resources Corp. (OTC: NSRS): If I never see this ticker again, it will be too soon. During the first two and a half weeks of 2012, my spam filter has nabbed countless NSRS promotions.

It feels as if every pumper in the country has been assigned this stock — and they’re going to make sure the company gets its money’s worth.

Unfortunately, I don’t think this stock is going to go quietly into the night. Judging by how the chart is setting up, I’m guessing that this could be a longer-term pump — much like we saw from Jammin Java Corp. (OTC: JAMN) early last year.

We’re probably in store for multiple shakeouts and re-pumps, culminating in one devastating drop. But that’s just a guess.

It’s impossible to know exactly what the manipulators have in mind, which is what makes stocks like this so dangerous to trade.



Sincerely,

Greg Guenthner

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Source: Penny Sleuth