Replies to post #182 on SEC shuts down PSC - Penny Stock Chaser

[BEIJING BILL]

more shorting from psc?

Our recent mailers have caused many people to talk online and in chat rooms about PSC. Some people have really missed the mark on our intentions. The spin on PSC needed to be corralled. Too much “noise” is to no ones benefit.

Members have flooded our email with inquiries as to where PSC is headed. As people know in the past PSC has had some stunning successes with stocks that have moved anywhere from 100% to 1000%.

Big winners have included WDRP (+400%), FVSTA (+1150%), and AVOE (+2300%).

These big wins have made members some big dollars. PSC is actively on the lookout for more companies that could make members monster gains.

Despite these big gains, PSC has also seen some stunning loses. Unfortunately we have been roped into some bad deals which have cost us and our members some money. The reasons for these collapses include vague PRs, bad share structures caused by convertible notes, and general lack of execution from management.

As regular readers know, PSC is different from all other newsletters since we are often buyers of the stocks we recommend. We have felt these loses as much as our members. PSC decided to turn a problem into an opportunity.

Readers have our word that if we see a company which is a good short, we will mail out on it before we initiate any short position.
Our email on Saturday outlined our intention to look for fewer long stocks. We want fewer picks because we want to build a stronger and more loyal shareholder base for any company we decide to profile.

PSC has been working on redirecting the site over the last month. We have struck partnerships with some big players on the street in order to better serve our membership base.

These partnerships will allow us to do more involved due diligence and classify picks as either a long or a short. We want readers to know that a short is a legal and acceptable way of making money in the market if you borrow the stock and put up the necessary capital to allow for the trade.

Before September 1, PSC will arrange webinars to share some of the knowledge and tactics needed to effectively short a stock.

PSC HAS NEVER SHORTED A STOCK BUT WE ARE CERTAINLY LOOKING FORWARD TO STARTING.

[Buckey]

The way I read that PSC blast was more we are sorry Sykes you were right we were worng - It was an acknowledgement that some of their picks are scams supposedly unbeknownst to them. They way I read it was that they would be soon gicing out short picks. However since most of what they are pumping or knew was pennies then giving out short picks would be a waste of time for 99.5% of us who cannot short pennies. of that 99.5% 99% of us would like to short pennies but cannot and have not found a place to do it and we have been looking a very long time