Why Purespectrum Inc. (PSPM) Is Crap, How I Predicted Its 60% Drop & Made TIMalert Subscribers Thousands
Posted by Timothy Sykes on Mon 23rd of Feb, 2009 08:05:13 AMEvery night the past few days, PSPM made the watchlist I sent out to TIMalert subscribers…
Wednesday’s watchlist, Thursday’s and Fridays–every day I say it’s my #1 potential short because it’s the EXACT pattern as detailed in my PennyStocking Instructional DVDs. Hired promoter, massive stock price rise, sucker penny stock investors who actually believe the company is legit (FYI No company that is promoted is a quality company, common sense you friggin penny stock saps, stop being so gullible, just this once, please!)—perfect Short Selling candidate for a morning panic or afternoon fade (those 2 patterns are detailed in my PennyStocking Part Deux DVD, see latest review HERE)
On Friday TIMalert subscribers left these testimonials for me:
“Took $700 bucks from PSPM!….Thanks Tim!” -tbohen
“YOOOHOOO !!!
Nailed PSPM both ways, after Tim said it may be too early to short y BOught 2000 shares at 0.53, sold them yesterday at 0.72 (conditional order). Then short shy 500 shares near yesterdays close because it was the 3rd day up and it look tired, anyway I had a tight stop in case it broke 0.80.
Then today I added 500 shares more at 0.665 kept on looking it falling, and kept on adjusting stop losses downward. Finally got stopped out at 0.43 on a bounces from 0.36.
THANKS TIM… AND THANKS INTERACTIVE BROKERS !!!!” - GetShorty
…because the stock did this:
Some degenerate gamblers/penny stock promoters & their prey posted 52 messages debating whether I caused the selloff on Friday…seriously, waste your time and have a laugh HERE.
Even more ignorant penny stock investors, or sharky penny stock promoters, posted on Google Finance to report me…Handy Andy said: I would urge everyone who has an interest in PSPM to fill out the complaint form online at the below link. Maybe if enough people complain, we will get some action taken against this individual.
A “moderator” on the PSPM board on Investorshub kept deleting links to my posts because he claimed “they were personal attacks & untrue”…Yahoo Finance board had several threads, one of which had 50 replies as to why I caused the share price to collapse…LOL
Listen, penny stock traders/investors don’t have small accounts without cause–their brains are about 1/10th the size of normal finance people, whose brains are 1/5 the size of regular people.
It’s not very tough to combat the ignorance with facts:
1. ShazamStocks was paid $40,000 to promote PSPM, and they did their jobs very well, check out all the emails they sent out that caused the runup:
2. This is not the first pump & dump, nor will it be the last. A 60% intraday drop might seem crazy, but it ALWAYS happens on spam stocks like this…unfortunately for longs, I’ve begun categorizing these shenanigans and you can see the EXACT same pattern on crap like JYHW, CVSC, HYHY, KYUS, CNEX, FOUR, SOIGF, basically every stock that’s ever shot up due to promotional mailers & emails….read my 1200 blog posts or watch my instructional DVDs and EDUCATE YOURSELVES INSTEAD OF BEIN TYPICAL PENNY STOCK SHEEP WHO LOSE WHAT LITTLE OMNEY YOU DUMB LITTLE SHEEP HAVE!.
3. No need to be bitter, just learn these patterns so you can profit alongside the enlightened penny stock traders.
4. There’s nothing wrong with stock promotion–tiny, crappy companies often have no other choice but to try to get their stock up in order to get financing. PSPM did get financing so good job! (Of course the morning dump–remember typical penny stock promotion pattern–came only after the 10am financing PR, probly the result of the lack of details, no price, no $ even mentioned–wake up and smell the sketchiness.
5. But what about PSPM the company’s story? I don’t care, every single penny stock that uses promoters is guilty before proven innocent. Not one has even been proven innocent, their PRs, their “businesses”, their management are all irrelevant to me because I focus on what moves stocks–hype and promotion. The rest of the story is just noise, read by and cared about only by the dumbest of penny stock investors.
6. For all the sketchiness and promotion, it’s far more difficult to borrow shares to short, it’s actually easier to buy it on the way up. Some TIMalert subscribers did make $ by buying and that’s great…I wish I could’ve found shares to short, but I screwed up this time (won’t be the last).
7. To those who still believe “I orchestrated the selloff”, throw the SEC at me, throw the police, bring anybody you want, I’ve just laid out a point-by-point case on why I believe this company is utter crap. It’s my opinion and I’m perfectly entitled to not only having it, but sharing it too. Nobody has to follow me, but my track record leads many people to do just that. If you worked as hard as I did to research patterns and profit from them, you could have followers too. But the vast majority of you just aren’t determined or intelligent enough to do anything but what you normally do: get suckered by these jokes of companies and lose money.
If you promoters/penny stock sheep would just sit back and use reason for a second, you’d see these patterns are what have made me millions over the years and you can too if you would just be more cynical. To those still invested this stock, I hope the SEC doesn’t halt it (yes, the odds are far greater the SEC will come after the company before me considering YOUR STOCK WAS PROMOTED HIGHER BY SHADY STOCK PROMOTERS (it’s laughable that you aren’t kissing my hand for trying to show you the light), Shazam stocks or some other promoter takes up your case and PSPM goes to $10. It’ll be a great short then, but now it’s dropped too much so I don’t care about it AT ALL.
Onto discovering the next pump & dump and profiting from the totally predictable pattern…
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