Many of the PSC picks open significantly higher than what the stock closes at the day before, BUT, notice that it almost always is a very large order at the higher price, then it crashes to pre-PSC notice levels. Note, because it is one huge order, even people here who got in at .15 would be excluded from selling at the opening price. Then you just have to hang on and hope the damage done by the PSC pump isn't too great. In the past, penny stock manipulators ( and I'm not implicating PSC directly here) often pump stock using wash sales, matched orders and other manipulative trading, coordinated with misleading and/or exaggerated press releases touting the company.
PSC pumps of late haven't spiked as high at the opening after the promotion, so be aware.
examples of whats coming. VGPR is a real company with real value and is not down significantly from the original PSC pump, but read on:
VGPR The first PSC notice on VGPR came out before the open on Monday, Nov. 16 – ( I am not bashing VGPR, I like the company and am in long, this is a criticism of a pumper, not the stock) curiously, VGPR rose on no news on Friday afternoon, Nov. 13 - likely PSC/VGPR insiders aware of the coming pump getting in. Then it opened up at .029 on Nov 16th - curiously, soon after the open, a huge order for 22 million shares went thru - suspiciously close to the 25 million shares PSC received as compensation to promote VGPR.
So after the pump VGPR opened up 25% at .029 meaning that the only people who made money were PSC/VGPR insiders. People who got their notice from PSC and bought into VGPR would have bought in after the open obviously and as you can see, they've been in for a rough ride, if they were lucky enough to sell at the .034 high of the last few weeks they would have made a 13% profit.
Then at the close on Nov. 16 they put this out : “VGPR, The stock went crazy today, VGPR CLOSED UP 25.4% @ .0301, There is much more to come VGPR closed up 25.4% today @ .0301. The volume was huge and came in @ 43,459,100 shares. “ Likely closed up and with huge volume because insiders were buying ahead of the PSC pump, not because of any real news on VGPR.
On Nov 15 PSC received 6000000 shares of VGPR for one month of promotion so it will fall off the radar of PSC members Dec. 15 (later they changed their disclaimer at the bottom of an email notice to 25 million shares for one month so its unclear when that month of promotion will finish, but if PSC has dumped all their shares they won’t waste their efforts promoting a stock they don’t own.)
OTHER pennystockchaser.com RECENT DISASTERS: DRGZ, DOLV, WDAS, LWSP,
DRGZ This from PSC on Nov. 8 "DRGZ, 74% PROFIT MARGINS ARE A JAW DROPPER, DRGZ is cheap at .55 and could make you a big $$$$ DRGZ is on alert @ .55. The stock was up 17% on Friday. "
It was riding along at .46 the previous week then curiously rose at the close on Friday, Nov.6, PSC/DOLV insiders getting in on the coming pump. PSC received $75,000 for one week of promotion and that’s exactly what DRGZ got – and PSC left its members holding the bag again. It opened at .64 on Monday, Nov. 8 – peaked shortly thereafter at .69 and its been a steady downslide for PSC members since then. Again, pumpers got their money out of the wallets of PSC members then ran for cover. On Nov. 11 PSC put out another notice that ‘we expect DRGZ to double from these levels’. Did they really?? After the pump week was over, the stock dropped to .29, peaked at .32 and slowly rolling down from there. Its at .13 Dec. 2
DOLV Notice sent by PSC Sunday Nov 22. They will scream that it made members THREE HUNDRED PERCENT. And yes, it has gone from .20 to .80 BUT as far as I can see the stock didn't exist prior to October of this year, it closed at .20 on Friday, Nov. 20 then opened at .80 after the pump - again, the only people that made money were staff/owners at PSC and DOLV. The stock has held at around .80 and PSC members who timed it would have made 10% as the high has been .90 in the last couple weeks. Straight cash deal - PSC got $80,000 for one week of promotion
WDAS
This gem which I think went public in early October – PSC was paid 80,000 for one month. PSC put out a mailer before the open on Tue. Oct 27 saying that “WDAS is very cheap @ .68. The last time we got this low, the stock went crazy and rallied over 500%. Check out the chart, we have all sorts of support @ .50.”
This after coming off a crazy rally the previous week to 1.85. BUT on Mon. Oct 26 there was a suspicious run after 3:30 to get it from .56 to .68. But even PSC couldn’t save this one – thankfully PSC/WDAS owners/staff lost, as it opened on Tue at .61, peaked at .62 then a slow descent into hell, now at .09. But they sure tried to keep it up – It opened higher at .57 on Oct. 29 on this news from PSC:
“ BIG NEWS OUT THIS MORNING – The company is moving FWD on their storage biz with an industry leader. WDAS is on alert again following the release of a gigantic PR this morning. They have done a deal to develop their first storage space with Tech Fast. Tech Fast is a giant in the storage space industry. They have done deals for some of the biggest players in the business. This kind of deal shows us clearly the company is executing. The stock is cheap at these levels. We are looking for a spark to drive this stock higher again and this could be it. “
Yes, Tech Fast is a large company, but if you read this ‘news release’ more closely it says that WDAS has “completed discussions with Tech Fast for operating the development of the self storage site it intends to acquire in Tacoma, Washington.” “Operating the development”? WTH does that mean? DISCUSSIONS about a site Tech Fast INTENDS TO ACQUIRE”. ??Seldom are there news releases as vacuous as this! Read further and basically what we’re talking about is a field near an Air Force base outside Tacoma that is about to have some storage lockers put on it – maybe. Where were the ‘discussions’ held? In a parking lot outside a Denny’s? PSC was particularly shameless on this one. Also, check out this post http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44084765
LWSP PSC sent out this notice on Sat. Oct 24.
“LWSP – This is a solid play in China with big upside growth – WE ARE LOOKING FOR A 300% MOVE
LWSP closed @ .26 on Friday and was up 36.8% on solid volume of 207,200 shares. ( my note: volume and price rise likely insiders buying in before the pump) The stock is similar to MEVT in that it will move on air.
If we get solid volume in this stock, there is no reason to believe we won’t trade anywhere between $1.00 and $1.50. This should be very achievable if you consider that the old high for LWSP was .96.
THIS GUN IS LOADED AND READY TO GO KABOOM. “The only thing about to go KABOOM were the trading accounts of PSC members. First, we again see volume and pps building the day before the notice. THEN, it opens at.37 from a previous close of .26 THEN notice a MASSIVE sell of 581,000 at 10 AM – (average shares per day is 186,000 but was much less prior to PSC pump) they watched the open, realized it wasn’t going anywere and a half hour later DUMPED.
The 375,000 shares that PSC received as payment for the pump was likely sold off in that dump. It dropped to .27, PSC put out another notice mid-day and it closed at .37 so PSC members who bought their dump were at least even on the day. But it was all downhill from there. On Thursday, Oct. 28 they put out a couple of futile notices including this: “We fully expected that we would break $1.00 on this stock and we are staying with our outlook. The company has assured us that the selling should be done at these levels. Insiders are not selling.”If insiders aren’t selling (which is crap) everybody else is. Bagholders are sitting at .07 right now. That was their last notice on this one. And good luck selling anything, volume is 20-30000 a day.
The thing is, I actually like this one now at .07. Not sure why its riding THIS low. Will check it out. (PSC re-tweeted this today saying its up 26.8% and 'could go to .20!' We're supposed to be excited by .20 when they said it would go KABOOM to 1.50 or 2.00?
LUXE PSC received $75,000 to promote this and only sent out 2 notices unless I deleted a couple by mistake. Regardless, on Nov. 11 PSC members got this first notice:
“LUXE closed @ $1.20. The shares have moved from .50 just nine days ago. The company is an interesting oil prospect for our members. The chart is building and PSC has got it on watch for a double from these levels. “
Really? Double? Some guy shows up with a paper bag stuffed with 75K in cash and that means they think the stock will double?? Not sure what happened here, somebody must have been trying to cash in from buying on the dip at .50 a couple weeks earlier, not sure, but this one never jumped. The PSC notice was the peak ; 1.20.
I’m hoping it was a PSC insider that snapped up 112 thousand shares at the close on Nov. 11 because the stock opened at 1.19 (someone sold 196 thousand shares at 10 AM. - 10 AM seems to be the decision time for insiders to dump. Big sale since it only averages 131,000 a day ) LUXE dropped steadily to a dollar, PSC sent out another notice mid-day, referencing a buy call at stockta.com. LUXE climbed and closed at 1.20, another 77,000 share dump then opened at a buck the next day. It’s a .70 up from .58 a few days ago. At least PSC members who held are ONLY down 40%
PGCX Alerted to PSC members on Sunday Nov. 29. at .61 when they said “NOW IS THE TIME TO BACK UP THE TRUCK” PSC received 250,000 shares and looks like if members were the ones backing up their trucks, PSC insiders were right there to load them up. They dumped most of them on the opening in massive volume. Its at .44 now so not much of a loss and you could have sold at a really quick spike to .92 but thin chance of that.
UTRM Alerted to PSC members on Sunday Nov. 29 : UTRM, When a stock goes this low .... THERE IS ALWAYS A REBOUND, UTRM could easily jump back to .10 The stock closed at .056 on Friday.”
Same old pattern: UTRM opened at .064 and experienced massive volume, the 500,000 shares PSC received for one month of promotion likely among opening volume. DUMP. Massive volume the next two days. This one is still in its infancy so no major damage yet, it actually climbed on Dec. 1 to the .07 level for most of the day. We’ll see if it goes to ten or .01. This one just an example of PUMP followed by DUMP.
And on and on. BRYN was the exception and I wish I had read their alert at .061. They got lucky and timed their notice to the gold rush. STILL, its another good example of PSC tactics. BRYN opened at .145 on Monday November 9th then right on the button at 10 AM a 2 million share DUMP happened. Which is good, because Insider scammers missed the day high at .19. Any PSC member who went long on this one is rolling in cash even though now its down to .44. ( note: only members who got in under .44 becasue PSC has been pumping it all the way down from its peak at .86 saying its going way over a dollar)
Still, we’re all in this knowing its high risk, but people should be more informed about PSC stocks. Bringing massive volume to all of the above creates action for more seasoned traders to make money on the swings but woe are the poor saps listening to Howard Stern pumping pennystockchasers.com every commercial who are just buying on the openings and making millions for PSC while they get caught holding the bag.
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