Contest Time: No More BS Guessing Games, This Is PennyStocking!
Posted by timothysykes on Sat 10th of May, 2008 04:48:29 PM
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The popularity of last week’s entertaining but inevitably useless contest got me thinking–I wondered how many people would enter a contest where they might learn something, meaning they’d actually have to do a little work? So, I give you NT Holding Corp (NTHH.OB), a sketchy sketchy sketchy stock that decupled (10x) in price last week on some surprisingly not-so-insignificant trading volume.
What caused this staggering price surge and do you think it will continue? I’ve done my research, but let’s see what you guys got–whoever posts the most in depth research–as judged by me–wins a copy of that soon-to-be-called classic book you should all have read by now! Deadline for entry is Monday morning 8am, winner will be announced at 8:30am. Let’s see if you’ve got what it takes to be a PennyStocker!
Check out my brand new DVD, ShortStocking - the only guide you'll ever need to profit from short selling!
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TIM Trades
View All| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| Nov 11 | IIJI | $2,79 | $2.95 | $442 |
| Nov 6 | CVI | $4.42 | $4.70 | $530 |
| Nov 5 | MECA | $3.68 | $3.95 | $490 |
| Nov 4 | CVI | $5.18 | $4.94 | $472 |
| Nov 4 | CVI | $4.83 | $5.01 | $333 |
| Nov 3 | NAK | $3.30 | $3.37 | $157 |
| Oct 31 | IDAE | $2.18 | $2.18 | $20 |
| Oct 30 | HSNI | $7.37 | $7.86 | $561 |
| Oct 29 | EVC | $1.97 | $2.70 | $1439 |
| Oct 28 | HSNI | $6.92 | $7.30 | $540 |
| Oct 28 | HSNI | $6.20 | $6.00 | $320 |
Total: $34,399 (177%)
Correct me if im wrong but this is an energy company with interests in Asia who has acquired a cancer research organization?
Perhaps my limited knowledge on stuff like this is why i am thinking this is backwards as hell.
NY Holdings is a Chinese company, that up until recently was solely interested in commodities used in the metallurgical process. For some reason, not adequately discussed in their press release, they have recently decided to acquire a Virginia based bio-med.
The stock started to rise late Thursday, appearently prior to the press release. This leads me to believe there are outside influences at work, such as pumpers (this speculation would warrant more research, and spam/forum hunting, but it’ is Saturday after all)). The stock was trading in the $2 range two years ago, and their balance sheet is not horrible, assuming it can be trusted. This may lead some speculative investors (read: idiots) to believe some hype, which would make this a great pump and dump candidate.
With that in mind, I would assume we will see another day or two of run-up prior to the pumping parties bailing, and leaving the dummies to hold the bag. This may be a great Monday long, and an even better Wednesday short.
Then again, Chi Wai Woo is the director, and who the hell am I to mess with Chi Wai Woo..
Man, this companies is all over the place. The intro page to their website right now mentions Alan Lew as CEO. I came across some info on that guy here http://www.linkedin.com/pub/6/15/879.
That dude has a ton of interest in med-tech. The explanation of NTHH there mentions nothing about energy.
Something interesting i found out was that it has already been through one ticker change, apparently it used to be ABSS.OB… three name changes after it moves to HST global? sketchy as hell in my opinion.
The SEC filings metion that the company has no interest in acquiring much funding at all. From a recent SEC filing i got the feeling that fundamental company growth was not what they really wanted.
0$ revenue as of the last quarter. The stock opened at nearly 25$ 6 years ago, and its trading at 10 cents?
I liked what bob mentioned about the stock jumping prior to the press release. I havent managed to find any pumps on the internet but who knows. The first thing i thought of when i saw this chart was tims infamous midget holding up a basketball player.
I agree with bob, this will rise early in the week and hopefully by wednesday we will see the scammers jump ship.
Chi Wai Woo is gonna be pissed
New name, and buying a company that will cure cancer. Present business is coal mining and steel production in Asia. (real synergy there, huh?)
From the front page of their web site: (http://www.ntholdingcorp.com)
NT Holding Corp. (OTCBB: NTHH) announced today that it has completed the acquisition of Health Source Technologies, Inc. of Hampton, Virginia. As part of the acquisition, NT Holding will be renamed HST Global, Inc.
…
About Health Source Technologies, Inc. HST Global is in the business of developing new drugs to combat cancer.
…
NTHH, through its subsidiaries, invests in and operates companies in China and Asia that engage in energy and natural resources businesses. NTHH is based in Hong Kong and currently operates two subsidiaries in Asia: (1) Shanxi Jinhai Metal Group that engages in coking coal and steel production in the Shanxi Province of China and (2) PT Borneo Mineral that owns a 30-year coal mining right concession in Indonesia
urgh… i got that 26$ figure from a google finance chart.http://finance.google.com/finance?q=Nthh.OB
…disregard that because it looks messed up
Also there is this press release from emailwire:
http://www.emailwire.com/relea.....s-Inc.html
Never heard of emailwire before - good source of stock hype?
Here’s what I found http://biz.yahoo.com/e/080422/nthh.ob10-q.html
the financial is in the red
I noticed the volume went from 20,000 to 747,000 in one to two days.
I smell insider dealings. Nothing major new on the company. Great for my first short.
Nothing new on this company, financial operation is flat line. Great for my first short.
You guy not funny!
My company legit!
You piss me off!
Here’s my watch list for next week; STEC, STUR, ICO and NTHH
Company Description
NT Holding Corp., through its subsidiaries, engages in producing and refining coking coal in China. It produces coke, a component for use in the production of steel for steel manufacturers; and steel as raw material for the construction industry and automobile production. The company also owns a right of concession on coal mines in Indonesia. As of March 31, 2007, it owned a right of concession on coal mines on an area of 19,191 hectares in the territory of east Kalimantan of the Republic of Indonesia. The company is headquartered in Wanchai, China.
As someone else mentioned, NT Holdings recently merged with Health Source Technologies. PR release found on emailwire. Looks like they mail out their PR releases to consumers, i.e. spam mail trying to pump up the stock.
In terms of information, NT Holdings website is a static page while the new HST Global site is under construction.
Assets as of last SEC filing was $1.9 million unaudited while short term liabilities came in at $1.923 million and total liabilities at $2.1 million, leaving a deficit of $200k. No revenues, no sales, no gross profits in the past three months. Expenses included $73k in general operating expenses. In other words, they
Someone obviously knew something and backed up the truck prior to the press release. Whoever had that ~65,000 share buy block at $0.13 on Wednesday (May 7) afternoon just after 1PM and then unloaded it on Friday (May 9) afternon just after 1PM is laughing his way to the bank.
You can see this crystal clear on the volume chart. The two tallest volume bars (~65,000 shares each) on the 1 minute charts covering the last 3 days of trading are exactly at the high ($0.91) and the low ($0.13) of the move.
good work guys, but there’s a bit more to the story, focus less on their non existent business and aim your daggers at who’s doing the pumping
What caused this (NTHH.OB) staggering price surge and do you think it will continue?
NT(New Technologies) Holding Corp. (OTCBB: NTHH) recently announced that it has completed the acquisition of Health Source Technologies, Inc. (HST Global is in the business of developing new drugs to combat cancer) of Hampton, Virginia. As part of the acquisition, NT Holding will be renamed HST Global, Inc.
http://www.ntholdingcorp.com/
NT Holding Corp. (NTHH), through its subsidiaries, invests in and operates companies in China that engage in the energy and natural resources businesses. The Company will not restrict its search to energy and natural resources businesses in any particular geographic location. NTHH has invested in and operates two subsidiaries: Shanxi Jinhai Metal Group Limited (Jinhai), a company that owns coking coal refinery and production facilities through wholly owned subsidiaries American-Asia Metallurgical Industry Limited (AAMI), and PT Borneo Mineral Projects (PT Borneo), an Indonesia company owns a right of concession on coal mines in Indonesia through Eastbay Management Limited (Eastbay). On April 7, 2006, the Company entered into a material definitive agreement with Grand Canal Entertainment, Inc. (Grand Canal) and Grand Canal has agreed to purchase from NTHH all of the outstanding ownership of Tagalder C3 Holdings Inc. (Tagalder).
(http://finance.google.com/finance?q=OTC:NTHH)
Details of Financials can be read at: http://www.ntholdingcorp.com/financials.htm
STOCK INFORMATION
Transfer Agent
Shares
Authorized: 100,000,000 shares (common shares)
Outstanding: 25,800,000 shares (common shares)
History of NTHH.OB:
Previously NTHH.OB was ABSS, Corp. an incorporated on April 11, 1984 under the laws of the State of Delaware as CMS Advertising. On September 25, 1989 the Company’s name was changed to Unico, Inc., and again on April 25, 2002 to ABSS, Corp. Initial business activities, associated with the sale and administration of cooperative direct mail advertising franchises, commenced in May 1984. In September 1986, the Company filed an initial registration statement, a plan to expand Company operations through the acquisition of existing businesses operating in related fields. The Company also operated and owned a subsidiary during 1996, Cal-Central Marketing Corporation, which was discontinued. Franchising activities were conducted through United Marketing. On January 31, 2001, the company incorporated The Local Times.com, Inc. and New Media, Inc. In August 2001, the company ceased its newspaper operations. On October 3, 2001, ABSS incorporated Money Bucket, Inc., a Nevada corporation, to become the operational unit of ABSS’s fashion business. On December 17, 2001, ABSS entered into a license agreement with Cybernic Holdings, Inc., to produce and brand Aleksander Bla, and to produce and develop a fashion related internet project, Fashion Expo. On October 10, 2002, the Company entered into an agreement to acquire the retail operations of Sheila Allen-Styles with operations in Greenwich, Connecticut and Edgartown, Massachusetts. On March 17, 2003, the Company terminated all business activities. Agronix, Inc. had no employees as of December 31, 2003 and April 13, 2004.
http://www.marketwatch.com/too.....av_profile
Price surging must be from insider leak of acquiring HST Global or fluff fluff from pumpers. I would like this one to go above $5 and fall back to $0.10. Just wondering, why we all could not see this one when it was trading at $0.12-$0.15 range so that we could have rode it till it gets dizzy. Continuation of surging this stock depends on the power of pumpers. They may still realease a fluff fluff PR, pump, even change the company name, etc. to move it higher from here and then if we can find shares to borrow, we will take care the rest once it ripes completely!
Forget NTHH’s website, it hasn’t been updated since June of 2006. Alan Lew via PNC Labs (empty website registered to him in NY and SEC address is a lawyer’s office in NV) pretty much bought NTHH. In his Linkedin profile he doesn’t list NTHH or PNC Labs, but lists himself as president of ABSS and says he’s working on acquisition for diabetes clinical trails.
Being pumped by a company that charges 299$ per trade publication release ? emailwire.com looks 100% shady to me
The only research I can come up with so far is that the emailwire.com PR service uses a distribution list to release their PRs.
Unlimited releases to over 22,000 sites and god only knows how many bought email lists? Sign me up.
From above, since Lew is the Director of PNC Labs and the CEO/CFO of NTHH, not to mention that PNC Labs and Lew are the two major shareholders of NTHH stock, it makes sense for Lew to use a shady PR service like emailwire to pump his stock up. PNC Labs is a privately held company with up to 10 employees. Since PNC holds about 19 million shares, if NTHH’s stock were to increase 10x, that’s potentially $190 million for those “employees”.
Joseph Nchor is emailwire.com.
Yea im seeing emailwire.com as the only pumper here. Found this press release on 4 different sites now.
Target-distribute your press release to 60,000 industry trade publications and online news sites, 85,000 registered journalists in 22,000 newsrooms, 4,000 global online news sites and over 600 RSS Feeds, blogs and social networks.
The price for one industry is $299 per release, and $99 per each additional industry.
thats alot of numbers….
but who’s paying him? Maybe we should give him a call.
This is from the emailwire.com website:
About Emailwire.com
Emailwire.com
EMAILWIRE.COM, January 03, 2008 ) Houston, TX — Each day, market pundits in major media outlets like Bloomberg, Fox Business, CNBC, Alpha Trade, my Track discuss which companies are major players in the stock market
Is it safe to short this dog?
Ron Howell (aka president of HST) looks like the CEO of “Xooma Worldwide” http://www.xoomaworldwide.com/corpTeam.asp
from “Weight loss water” to curing breast cancer. cool.
I’d say a probable drop lower back down to the $0.10 area if not lower.
This is penny stock fraud at its best. Buy up a bunch of shares before issuing your paid-for press release and then sell your shares to the suckers. Can’t believe this pump and dump cycle repeats over and over again and goes undetected by the SEC.
Jesse Livermore said it best:
Tim, I have been searching through your previous posts for a referral link to TOS you posted for another trader. Would you mind posting that link again. I would like to join since TDA doesn’t allow OTC short trades and it looks like that is going to be 90% of what we do here. Thanks.
It would appear Mr. Nchor is also affiliated with dbusinessnews.com, moneynewswire.net, and groupweb.com. I’m new to the game, but I assume some of these guys are pumpers as well?
So far this is a pretty impressive show of strength in numbers. Lots of info being picked up by everyone here. We better be careful, or Tim will start playing the game Overlord, and thinking we are all his minions.. :)
My humble opinion. This is a shell currently with the ticker NTHH. 3 previous tickers from past pump and dumps. Shell can take a private co. and raise capital on the open mkt under thier publicly traded ticker. They are in direct mail advertising. With balance sheet of about a 20 dollar bill. My simple guess without wasting my time is that they take on a co. under thier ticker, help them raise money. Share some profits and move on to thier next scam. The other posibility is that the drug co. is real and wants to become legit and has a real product. If that were the case they would take over the shell, change the ticker again, start filing with the sec and apply for a nasdaq listing. Which would be much faster than going through the normal channels. Thats my take.
Thinkorswim:
http://www.thinkorswim.com/tos.....de=0907_02
or just highlight my name in the box that asks u how u heard about thinkorswim…thanks!
JMoates77, you can just google think or swim and start the process and they will ask you where you heard of them and you can check timothysykes.com and I belive tim will still get the credit for the acc’t.
Hey Tim, I have a suggestion. After this contest could you possibly outline step by step of how you would go about researching a stock and what to look for. The website, journals, blogs, google, etc. I know you have written about finding the stocks but how you specifically research would be awesome. Thanks -Murph
Looks like HST Global (aka Ron Howell) is “The Health Network” (with 100+ websites registered).
Last year GTC Telecom (GTCC) intended to merge with Health… http://goliath.ecnext.com/coms.....145284_ITM
Eric Clemons (name at bottom of HST/NTHH press release) was GTC president (2004 salary of 167k). By the way, that’s his cell…I bet he has unlimited minutes.
Mining, diet water, telecom and cancer cures… what can this company not do?
Has anyone found any current connections between NTHH and Unico (UCOI)? I’m wondering if Lew has any interests in UCOI and their Deer Trail Mining operation.
Ya Tim show us what you’re looking for when you walk through the research process, that would be helpful.
Research=Pump and Dump, Jenna Jameson style. Final candle says shorts are taking control…watch and see, just read the chart
I did about 4 hours of googling on “stock promotion” looking for who might be promoting nthh and came up with a bunch of places you can submit your email address and get spammed by these stock promoters. Just make sure your computer has the latest security upgrades before visiting and create a throwaway email addy - don’t use your main email address.
stock promoters:
http://www.thesubway.com/mydefault.asp
http://www.stockguru.com/blog/
http://www.smallcapsnews.com/
http://www.lebed.biz
http://www.promostockpicks.com/ - pay site, but can submit email address
http://www.otcstockreview.com/
http://www.wallstreetresources.net/
http://redhotpennystock.com/
Some of these sites might be legit - I don’t know. I do know Tim likes stock spam for research.
post about how to spot stock promotions:
http://www.thepennystockblog.c.....php?t=3392
blog about stock promotions:
http://www.pennystocksblog.net
There is the news about the recent acquisiton of a health care company, that has recent cancer drug treatment waiting healthcare approval. The holding company before before into China/Asia mining something of another. The only thing that these too things have in common is the hype and buzzwords.
This deal is total BS, because if HST really had something going for it, it wouldn’t be messing with a shady company like NTHH with no real assets. If HST global had something going for it, a real drug company would have supported them.
One thing intersting is that the company changed its name from the deal from NT Holding Corp to HST Global. One motivation for the news was to change NT Holding Corp name, maybe to distant itself from its old name.
http://www.ntholdingcorp.com/ is so shady, with just the news release in text format without a date on it. Compared to other parts of the website which have a clean format of http://www.ntholdingcorp.com/management.htm. This is just odd.
Well its obvious that both companies in this apparant deal are worthless, the question is who is doing the pumping, whether it is an insider or outsider.
After doing further researcher, I say an insider is doing the pumping. Looking at the SEC filings, Alan Lew the CEO owns one percent of the shares, but he is the president of PNC Labs which owns 75% of the shares. They have the greatest incentive to pump this stock up to sell it. I googled PNC Labs and couldn’t find anything about them other than they own NTHH and the are in based in Reno, NV which is just a sketchy city.
Looking further back the financial statements NTHH was apparantly real and was semi legit(at least on paper) and went bankrupt. Alan Lew became CEO of the company in 2007 after the company collapsed into nothing.
I bet he is now deciding to change the company image to dump the stock onto new investors. He probably doesn’t know html, so just made up the crappiest website possible to present his case here http://www.ntholdingcorp.com/.
I am not the expert on penny stocks manipulation so I don’t know if this price climb will continue in the short term, but the stock will more than likely fall back down to nothing in time.
Ok guys, let’s talk numbers. How many shares should we buy?
Tough to say if there is much of an upside left and if there is, how much?
Could enter short Monday and hold until????????????
Hey Tim, under read this Dam it, the links don’t work.
ok shorty the pimp did the pumping and the dumping was done by Nico the ruskie new to liberty city…this stock is sjure to go down based on the fact that timmah and the dogs are shorting it now.
imho
haha.. wouldnt it be something if one day the short interest coming from the members of this site was enough to move markets
It couldn’t be this guy, could it? naaaah.
http://www.wallstreetsurvivor......11452.aspx
I also found this on their latest 10Q dated April-22-08.
LIQUIDITY AND CAPITAL RESOURCES
Cash
Our cash balance as of March 31, 2008 was $0. Compared to the year ended December 31, 2007 where the balance was also $0, our cash balance stayed the same.
The Company does not currently have sufficient capital in its accounts, nor sufficient firm commitments for capital to assure its ability to meet its current obligations or to continue its planned operations. The Company is continuing to pursue working capital and additional revenue through the seeking of the capital it needs to carry on its planned operations. There is no assurance that any of the planned activities will be successful.
The Company has received additional capital through the expansion of vendor financing and loans from its directors and shareholders during the previous quarters and expects such financing will be its only source of capital in the near future.
From time to time we may require extra funding through financing activities and investments to expand the operations of PT Borneo. Also, from time to time, we may come up with new expansion opportunities of which our management may consider seeking external funding and financing. As of March 31, 2008 and date of this report, we did not have any plan for additional funding.
Tim, this context is a great idea because it has far more pedagogical strength than trying to guess bullshit like YHOO. Plus, it lets the community do the research which helps each of us and you too. Shared thinking! Group Cognition! 87 minds (I’m assuming that’s how many regular readers you have) put together is better than one trader alone in his room.
CONTEST*
P.S. Anyone else think STEC is a breakout chart? (good find, Jibri)
Tim, what do you think of a company like UUL.V, where you have a huge jump on no news ‘chatter’. Would you be hesitant shorting in this situation? Given the lack of any news (good or bad), are you more likely to think this is just some kind of insider buying going on, in your opinion?
It is my opinion that STEC is too gradual an uptrend. There is also some earnings reports mixed in which is one of the things Tim says to steer clear of.
However, im not the pro