Northern Minerals and Exploration Ltd. (NMEX)

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What I think about PUNL (from my blog)

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Right now there aren’t any real strong promotions. The best one is Punchline Resources (PUNL), which at the time of writing, is sitting really nicely at 1.50 (up over 10% on the day). This is the same promotion group as IDNG which had a hugely successful run. Like most competent traders, I don’t expect PUNL to do as well as IDNG, but it might run up for a couple more days at least before it dumps. I would already count PUNL as a successful promotion given that it has gradually uptrended from below 1 to 1.50 in the past two weeks with no real dips. It’s very carefully manipulated like this because promoters know that a slow gradually uptrending chart is appealing to investors, as it’s seen as a safe play. The reality of course is that going long PUNL now is extremely dangerous as this thing is a ticking time bomb that could tank at any moment. I have short orders open for PUNL at Interactive Brokers, but don’t expect to get filled.

BrightonMarkets.com is the promotional group behind PUNL, and I might do some research on them later if there is interest. Normally stocks are promoted by mailers or emails, but Brighton Markets apparently has a list of leads that they call (the timalerts chartoom moderator Michael Goode posted that he had received a call from them about the upcoming promotion PUNL a while back, and others have been reporting that they have got multiple calls from brightonmarkets.com telemarketers trying to sell stock)… just like in the movie “Boiler Room”. I have to congratulate the PUNL promoters here. It would have to be a tough job trying to call up people selling stock, but it seems Brighton Markets have pulled it off.