here is what Penny stock research said today. what do you think?
Without further ado, here are this week’s disasters waiting to happen:
North Springs Resources (NSRS)
Thanks to a massive pump and dump scheme, NSRS is becoming a fixture here.
And this is what has me concerned…
You’ll see, I’ve seen this before. An all out promotional assault was in place for Lone Star Gold (LSTG). My regular readers know all about LSTG. If you’re not familiar with them, take a look at their chart below…
LSTG Chart #1
So, here’s what happened…
I started getting emails from the pumpers back on August 14th. And as you can see, the stock spiked almost instantly due to all the hype. But since then, the stock has absolutely tanked!
In fact, shares of Lone Star have dropped by over 65% since their peak.
With each and every drop in share price, the pumpers sent out more emails hyping the stock. One email said LSTG “has corrected, don’t miss the next leg up.” Another claimed the stock was “set for a breakout.”
Judging from the chart, I’d say breakdown is more appropriate!
Now here we are in January of 2012. The pumpers have all but stopped hyping LSTG. They’ve moved onto NSRS.
This time around, Free Penny Alerts LLC is doing most of the heavy lifting. You’ll not only see emails from them, but also from all their affiliate websites. Below is a list of all the companies sending out virtually the exact same emails every day pumping NSRS…
Premier Penny Stocks
Killer Penny Stocks
Penny Pic
Free Penny Alerts
Explicit Penny Stocks
Free Investment Report
Penny Stock Alley
Gladiator Stocks
Now what’s really interesting is the same exact email titled, “NSRS is soaring very quickly? Are you in?” was also sent out by two other companies not owned by Free Penny Alerts LLC. These pumpers go by the names…
Awesome Penny Stocks
Penny Stock Gains
Digging a little further, I found out these two companies were owned by Centro Azteca S.A, based in Belize of all places.
I don’t know what’s going on here, but when I searched for business information on them in Belize, I came up empty. And while they may be a legitimate company registered in Belize, it seems odd I can’t find anything substantial about them.
Clearly, the companies pumping NSRS appear to be sketchy at best. But I’m going to show you the single best reason to stay clear of North Springs stock.
Take a look at the charts of LSTG and NSRS. Each one shows the first few months the stock was getting pumped hard.
LSTG Chart #2
NSRS Chart
The price action is almost identical!
Each one took off as soon as the pumpers started hyping it.
But here’s the lesson learned from LSTG. Remember, I showed you above what happened to LSTG after the pumpers stopped. The little guy got left holding the bag.
I wouldn’t be surprised to see the same thing happen to NSRS. Don’t say I didn’t warn you… stay away from NSRS shares!
