BestAmericanStocks's latest pump and dump. This thing will be moving a bit, so lets see if we can figure out in which direction to try and make some money. We can use what we know to find what we want.
objective of the pump and dump is to: step 1, get shares. 2; pump stock. 3, sell.
So far they have the shares and the stock is up roughly 500% from when they got their shares so they have made their money... but that was over 7 days ago, and their emails are still coming in... strange... this means one of two things.
a) they are trying to get buyers to come in so they can sell their shares little by little in incriments
b) they are greedy and are actually trying to get their stock to the $1 value they claim it will hit.
In their emails they claim, "there's a lot of short selling going on." They blame it for the decline in price and say its what is holding $CLOW down. They say short sellers purposly drive the stock price down then buy to cover for a quick profit. (Bullshit).
I have not been through many pump and dumps (this being my first one to my knowedge) (may have traded pumps before without knowing) but Ive learned from the dvds that pumps can last for months sometimes, so I don't think this is done, not with the fact that some of their pumps having lasted months ($AMBS to be specific, its on their website). They have put effort into this and they say short sellers are piling in, and they kinda are considering how sideways this went. which means they can trigger a squeeze whenever they see fit. either that or they themselves are dropping the price by selling a few shares, claiming it is because short sellers, because you cannot get short sale data on $CLOW from otcmarkets or zacks (I tried), and attracting buyers thinking they are getting in for a lower price when really the promoters are just gradually leaving. Either way no trade for me till this cracks $.60. made the mistake of buying at .596 and had to sell and .52. regardless pumps are scary. although presonally I think they are gonna try and squeeze it I wouldnt count on it, they have made 500% and can get out whenever. Let me know if you have seen these guys pump other stocks. I want to know how those played out. Some experience could help me come to a thesis. Thanks for reading.
CLOW is shit, blatant pump and dump. literally every penny stock email is promoting the hell out of it, which the emails themselves sound like a 12 year old is writing for them. some brokers arnt even offering it however. i wouldn't buy in right now, kind of ballsy. woulda been nice to get in right when they began promoting and dump it now for a good chunk but the company is shit so it'll tank any day now
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