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TradingForWealth

02/09/07 8:44 AM

#47 RE: speckulater #46

That "some poster" did not compare the companies but rather the stock activety.

In January 2007 EVCC was under heavy promotion. In addition to daily emails evcc was also pumped with a full color brochure touting it as the "polution cure" for the 21st century. All the typical lingo was there including the China buzz words et.. et... On Jan 17 EVCC opened at $1.60 PPS and climbed to $7.74 pps in 12 days.

In mid Jan. 2007 the new game was PLRO. All the usual emails, color brochure and "polution cure" claims started rolling for the Feb. pump. On Jan 10 the stock opened @ $2.31 pps and climbed to it's high of $5.83 on Feb. 7.

I am not saying anything about the either company's possibility of success. I am pointing out that when a company is promoted it becomes a target for pump and dump traders. Look at the daily chart for PLRO on Feb. 8, 2007, Compare that to the daily chart for EVCC on Jan. 29 2007. Look familar? Now look at 2 month chart see the volume? Look familar?

Maybe PLRO will be an exception but when it comes to my money at this point I'd rather take my profits to the bank and wait for the shakeout to complete it's cycle before re-entering. My observation is just that and only my opinion. I've been trading for 12 years and have literally seen thousands of these play's. As a bag holder to some of them I've learned my lessons.

Just for the record; as I use AMTD I can not short any OTC stocks (wish I could) so there is no agenda from me. I'm just sharing my experience. Take it for what it's worth and watch your investments / trades closely.