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Sunday, February 10, 2013 7:29:39 PM
The Smart Money Will SITS This One Out
One of Monday's big productions looks to be Southern ITS International, Inc. (SITS), a long time scam that continually changes its stripes to convince the street that it has turned over a new leaf. It hasn't. It's still a scheme designed to separate you from your money. Let's list off the reasons that you should stay away from this piece of SITS.
1. This is the third Pump & Dump campaign in 6 months for this issue. The first two campaigns were conducted under the symbol ALCD. Those that bought in during the August 2012 campaign are pretty much wiped out as suckers paid as much as 13 cents for these intrinsically worthless shares. Ditto for those who jumped in during the October campaign, although they weren't hurt as badly, since shares were sold at only 2 cents by then. Those that expect different results in this new P & D are the proverbial definition of the insane.
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