Copied from one of the e-mails I get daily......This is why SMNG spiked like it did!
Leslie Howard's
First Microcap Report
SMNG - Strategic Mining Corp: Move to OTCBB + New Management + Reporting Results + Newly Free Trading Stock
= A Second Promotion
Update: Right now we have going on a prime example of what I've been preaching. Let the sellers come to you. Somebody with a big whack of stock has been hittting the big bids all the way down. This is why I sent you the previous update. If you are bidding the stock, bid it at 2 cents or lower and make him sell at your price. Do not take out his offer.
~LH
There's no doubt that it is easier to promote a Bulletin Board company than one trading on the Pink Sheets. The more stringent reporting requirements of the OTCBB offers an air of legitimacy to those who don't know that just as many scams go on there. While I do not know if SMNG is a scam, although the engaging of some of the scummier promoters, including Penny Stock Alerts, makes me suspect that they are, I can tell you that last October they participated in a small scale promotion that produced relatively impressive results.
Over a one week period, about $100,000 was paid to three different groups charged with the promotion of SMNG. Over that period of time, the stock ralied from about 1.5 cents to just over 5 cents on about 7 million shares, not exactly huge volume for a 1-5 cent stock, but then again it was not exactly a huge promotion.
This is purely a hunch play. I believe that the first promotion was a prelude to a much bigger promotion on SMNG that is coming soon, maybe in the next week or two. Here's why:
1. The first promotion was conducted hand in hand with a press release announcing "successful metalurgical results" on gold and silver samples from its Vietnamese property. Vietnam has become a popular setting for penny stock promotions lately (see STEV among others).
2. I don't remember the last time I saw a promotion on a penny issue involved in gold mining where at least 2 or 3 follow up promotions didn't occur. Nor do I remember when a penny mining company that announced results, only announced results on one occasion. I suspect that newer results will be announced soon and since the first results were accompanied by a promotion, I see no reason why the next set of results won't also be accompanied by a promotion.
3. The company has recently undergone a series of management changes. Old management of penny companies usually own a bunch of stock which they are looking to divest. A promotion helps them achieve that goal.
4. The previous engaging of Penny Stock Alerts services, shows a lack of concern with the ethical practices of the promoter charged with the "awareness" campaign. PumpsAndDumps.com previously wrote a scathing expose on this promoter and his willingness to do say anything to achieve his desired results. This indicates to me that there is a "get the price up at all costs" attitude ongoing by those financing the SMNG promotions.
5. The biggest indicator of a coming promotion comes from the company's own 10-Q filing: ?
"In July 2011 the Company executed a six month agreement with a communication firm to provideinvestor relations and corporate communication services. The Company issued 2,000,000 shares of common stock at $0.04 per share, the value of the shares as of the date of issuance, for a total value of $80,000."
The stock referenced in that filing, had to be issued under Rule 144 and which was seemingly given to a promoter (perhaps the owners of Penny Stock Alerts themselves), is about to become free-trading and will be sold. It is extremely likely that a promotion will be used as a tool to get the best possible price for these shares.
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Disclosure: I own 225,000 shares of SMNG at an average price of .011 (1.1 cent)
Please, please please remember my Rules of Thumb for playing any of my picks:
I could be wrong. I am not picking this stock because I like it. I am picking this stock because I think it is about to go on a promotional run. It might not.
Do not run the price of this stock into the stratosphere. In other words, don’t chase it. I don’t believe that this stock has to be bought today. I think that there is 5 – 14 days before the next promotion begins. If you are interested in taking a small shot, then bid it close to the levels (within 20%) of where it is at when you receive my pick. Accumulate rather than load. If it takes off on you, then forget it. If you miss it, you miss it. Chasing a stock is a guaranteed way to lose money.
Never recommend a stock to friends or family, even the ones I recommend to you. This is a no win situation. You will get no gratitude if they make money and all the blame if they lose money. If you want to recommend anything, then recommend my website. That way they make their own decisions and you can never be blamed if a trade goes badly.
Do not get emotional about a stock. If you are not sure that you should jump into my pick, then don’t. Always go with your gut feeling. Don’t worry if you didn’t buy into a winner. There is always the next one. Don’t worry if the share price got away from you. Wait for it to come back or just leave it alone altogether. If you are wondering whether it is time to sell, it is.
Take profits! A 25% gain is good. A 50% gain is great. A 100% gain is phenomenal. Anything more is just insane and you are playing with fire. Remember these two rules of thumb: Nobody ever went broke by not being greedy and always leave a little profit for the next guy.
Cut losses! Not all of my trades will work out. A few will be losers. If it looks like things are going south, they are! Never, ever think that if you hold on long enough, the stock will make a come back. It probably won’t. More money is made by averaging up than averaging down.
Do not buy stocks with money you can’t afford to lose. Food, clothes, rent, children and a cold beer are all more important than taking a chance with money you can’t afford to lose.
Do not place all your eggs in one basket! Small lots are in order with any short term trade. I never commit more than 15% of my bankroll (the money I can afford to lose) to any one stock.
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