My Latest Short Sell Trade: Betting Against A Pump & Dump From StockPreacher.com
Posted by Timothy Sykes on Mon 20th of Apr, 2009 02:00:11 PM
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My God I love pump and dumps and StockPreacher.com, with their beautiful pump of CLZR last week (on which I earned an ill-timed but stll pretty easy $330 from shorting into their pump), is the hottest stock promoter out there right now.
Today their pick is NTWK and I shorted 4,000 shares a bit too early at 62 cents after it surged from 42 cents to 70 cents–as I told TIMalert subscribers my entry was horrific (there was 350,000 share sell order (maybe StockPreacher’s cousin or lawyer LOL) at 63 cents that i didn’t think would get taken out)
Th email alert StockPreacher sent out today is the ONLY thing that caused the stock rise and given the joke of analysis included and more importantly, StockPreacher’s biz model, I’ll double, triple and maybe even quadruple my position before I’m done with this POS:
Dear Tim,
Good Morning!
We try to mix it up when we’re looking for Companies that we believe may be a good trade for everybody.This company is an excellent example of what we are talking about, as we’ll explain below.
We hope you’re all excited about the ‘Platform’ we put together for you. By logging into our website, at a designated time, it completely gives EVERYBODY the same opportunity at the same time!
Obviously that is going to make a lot of people EXTREMELY HAPPY seeing how our last 4 Trading Ideas hit highs of well over 100%+ gains the SAME DAY we profiled them!
Without wasting any more time, we’re going to release the name to you right away, and give you a summary of the company and why we think it’s got good potential to be yet ANOTHER winning Trade Idea! -Today should be a very good Trading Day for everybody!
Ladies and Gentlemen, we give you:
NetSol Technologies Inc. (NTWK)
Like we said above, it’s important to mix things up when looking at companies. We always take a very deep look into a Companies Trading Patterns, their EMA and MACD Chart Analysis’ and Support/Resistance.
Simply put, NTWK is so UNDERVALUED in our opinion, it’s such a no-brainer! Now when we looked at this Companies EMA/MACD, which you can view HERE , you’ll notice that it is more or less ‘Neutral’.
NTWK is however BULLISH in the short term, and if you pay attention to the Support/Resistance, you’ll see that there is VERY LIGHT resistance all the way up to $1.61 (NTWK currently trades in the low $0.40 range), that’s almost a 400% gainer, and we wouldn’t be surprised if it went that high soon!
Both the MACD and the EMA analysis on NTWK is very strong in the short and intermediate time, so by no means is this chart looking bad, we’re just very impressed with how little resistance this stock has going all the way up to $1.61!
Okay, enough of the technical side of things. Take look at the Company itself, very good stuff going on here!
Let us explain…
Check out their latest news, and continue reading below for their company profile: NetSol Technologies and Atheeb Group Form Atheeb NetSol Limited, a New Software Engineering and Joint Venture Company Focused on Saudi Arabia, GCC, and The Middle East
SOLID, SOLID news on a Company that is making all the right moves!
NetSol Technologies Inc. (NTWK) provides information technology services and software for the leasing and financing, banking, and financial services industries.
NetSol’s LeaseSoft software for asset-based lending organizations automates such tasks as credit valuation, financial comparisons, wholesale finance management, and services tracking. NetSol also offers banking and treasury applications and a knowledge management tool.
The company’s services include systems integration and technology infrastructure outsourcing, including network operation and application development.
Competitive Landscape
Demand for IT services is driven by rapid technological advances, but spending for these expensive products depends on the health of the US economy.
The profitability of companies depends on offering technical expertise, innovative services, and effective marketing. Large companies have advantages in broad service offerings and global reach, which give them the ability to provide outsourcing services to big corporate customers.
Small companies can compete effectively by specializing in market niches or by partnering with larger companies that want to broaden their mix of services. Average annual revenue per employee is close to US$160,000.
Information Technology Industry Forecast
The output of US computer and data processing is forecast to grow at an annual compounded rate of 3 % between 2008 and 2013. Data Sourced: December 2008
NetSol Technologies Inc. (HQ)
Najeeb Ullah Ghauri; Founder, Chairman, Chief Exec. Officer and Head of NetSol Global Sales
2000 Powell Street
Suite 1500
Emeryville, CA 94608
United States
Phone: 510-250-8899
Fax: 510-899-7890
http://www.netsoltek.com
Remember - “Knowledge is Power” and as always here at StockPreacher.com, we strive to give you all the best information available!
Happy Trading out there today!
OK, so the email is nicely written to appeal to the gullible, just as SP entire site (designed by Pallian!) is made to look like they’re a legitimate information site.
Unfortunately, their disclaimer, which is posted in its entirety below, gives them away as stock pumpers/promoters who can make $ in several different ways:
1. by buying shares-maybe not SP themselves, but affiliates, friends, family, tons of people who can benefit even though they say they have no vested interest–before sending out emails (we don’t know but their disclaimer lets them do that and the heavy buying volume all throughout early April is fishy, at best (think about it, buy 1-2 million shares in the 30-40 cent range, pump it up and sell a few days later at 60-70, make several hundreds of thousands of dollars, much easier than trying to make $ through instructional DVDs and subscription services like TIMalerts to teach people to profit form this legally…oh yeah, their disclaimer actually lays out EXACTLY what they do:
You understand and agree that at the time of any transaction you make StockPreacher.com employees, StockPreacher.com affiliates, and friends and family of StockPreacher.com may have a position in such securities. The positions may have been acquired prior to the publication of any website information or email newsletter. You should also be aware that the aforementioned parties do have the right to increase, decrease, and/or liquidate their positions at any time without further notification. You understand and agree that at any time of any transaction you make StockPreacher.com employees, StockPreacher.com affiliates, and friends and family of StockPreacher.com will sell its shares in the event the shares rise in value. StockPreacher.com will sell its shares for less than target prices given in opinions, if target prices were given. StockPreacher’s affiliates, officers, directors, employees, friends and family members may have also bought or may buy the shares discussed in StockPreacher.com report and may profit in the event those shares rise in value. This should be viewed as a conflict of interest. StockPreacher.com will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on hisor her judgment of the market.
2. SP didn’t get paid for NTWK, at least according to their disclosure page–how well can you trust thieves though?–but you’re damn sure they’re loving all the emails they’re collecting for future promotions! After all, these guys are promoters and it’s good for promoters to mix up real picks with paid picks, Lebed does it all the time.
As detailed below, this publication accepts compensation from some of the companies from which it features. To the degrees listed herein, this Newsletter and website should not be regarded as an independent publication. All statements and expressions are the sole opinions of the editors and are subject to change without notice. A profile, description, or other mention of a company in the Newsletter or on the website is neither an offer nor solicitation to buy or sell any securities mentioned. The information presented is for informational purposes only.
Moreover, as detailed below, this publication accepts compensation from third party consultants and/or companies which it features on StockPreacher.com, stockpreacher.tv, or in one of our News Letters. To the degrees enumerated herein, this newsletter and website should not be regarded as an independent publication.
While we believe all sources of information to be factual and reliable, in no way do we represent or guarantee the accuracy thereof, nor the statements made herein.
We will accept restricted shares of company stock as a form of compensation; by SEC regulations, restricted shares cannot be sold into the market for a period of at least six months from the time that the shares are issued. In such cases, we detail on our disclosure page the specific term of any restrictions. We also receive compensation in the form of stock options, in which case we receive the right to buy shares of the stock of the company at issue, at a specified time and a specified price. In such circumstances, we specify on our Disclaimer the terms of the options received.
On occasion, we also accept free-trading shares in a company that we cover. We intend to sell these shares at any given time, including while we a profiling the stock on our website or in one of our newsletters. Family members, friends and employees may also buy and sell the very stocks we recommend while we profile, or recommend them.
NTWK’s financials gave me a laugh, revenues down 50% year-over-year and massive losses…
In short StockPreacher didn’t pick this stock because they believe in it in the least, they’re a very smart stock promoter–actually owned by Allen James Group–with a proven track record of pumping up stocks and whose prices inevitably crash:
Since last month, these have been their picks:
BWIH dropped 50% after being pumped
KRY dropped 30% after being pumped
XCR dropped 70% after being pumped
ENA dropped 50%+ after being pumped
ORS dropped 50%+ after being pumped
CLZR dropped 50%+ after being pumped (the one on which I screwed up, like this one, and still made $330 along with several other happy TIMalert subscribers)
And now there’s NTWK, hmmmmm, what kind of price action should we expect (it’s not up as much as the others because shorts have learned how easy/high percentage it is to bet against StockPreacher, so me thinks instead of 50%+ downside, all I want is 20-30%, shouldn’t be that tough considering how bad a company NTWK is, how many sellers there are at every turn…
PS As my PennyStocking DVD and other instructional DVDs preach, there’s $ to be made buying these pump and dumps too and if you’re quick like the experience 2 DVD students below are, you can play both sides and double your profits:
shorted and covered already for an extra $400, including my long earlier I made $1287.51 on NTWK today … will short more and big on bounces
-Michae lGoode
bought .4497…i made $586
-InvestorsLive
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| Nov 4 | QXM | $4.61 | $4.89 | $822 |
| Oct 30 | DDRX | $25.70 | $26.53 | $812 |
| Oct 29 | CTDC | $4.00 | $4.42 | $781 |
| Oct 26 | AWSL | $3.24 | $4.10 | $2516 |
| Oct 23 | RODM | $5.27 | $5.23 | $301 |
| Oct 22 | AMLM | $2.69 | $2.97 | $820 |
| Oct 22 | USEG | $6.12 | $6.09 | $85 |
| Oct 20 | CBOU | $8.93 | $9.06 | $243 |
| Oct 16 | VRMLQ | $16.79 | $18.65 | $2773 |
| Oct 13 | YONG | $11.05 | $11.66 | $1202 |
| Oct 13 | NPHC | $0.59 | $0.71 | $583 |
| Oct 12 | IMGG | $0.60 | $0.70 | $682 |
| Oct 9 | ZAGG | $5.50 | $6.10 | $2380 |
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Total: $92,304 (644%)
