Why You Should Never Buy Penny Stocks!!!!!!!!!!!!!!!!!!!!
Yesterday was a very interesting day in "Pump World". Victory Mark Corp released their pick as promised and that was at 09:30am EST as promised. Stock opened at about 14.5c and I was tempted to buy. In fact I placed several orders that didn't get filled. I cancelled all my orders at about 09:34am EST. And as always, after 09:35 on any pump it gets too risky to buy and you are likely to buy the top and then forced to "average down". "Average Down" is a very risky thing to do as a trader. I would strongly discourage this. Get out immediately!!!
They say a picture says a thousand words, well look at this....
And just when everyone is looking at it bouncing today Friday 21 June, Victory Mark Corp sends out an email basically admitting defeat.
This is the hardest email we have ever written, but we could not just go quiet after what we all witnessed today. We have never seen one of our alerts fall apart like this and we will work our asses off to make sure that we never do again.
It makes it even harder that we truly love the company, African Copper Corporation, and feel that it has real potential. But after the aggressive short selling and trading nonsense we witnessed today we have no idea what lies ahead for the stock.
Those of you that have been with us for the long haul know that we will make this up to everybody and that we will expend a lot of resources to figure out exactly what went wrong here. The bottom line is this pick does not represent who we are and we will prove it to all of you again and again if you stick with us.
There is no rest after this and we are already hard at work figuring out our next step. Until then please know that our team truly values our subscribers and that we are working day and night to make the next pick a huge winner for everybody.
DISCLAIMER: Never invest in any stock featured herein unless you can afford to lose your entire investment. Neither Preferredpennystocks.com nor its employees and affiliates are registered as investment advisors or brokers in any jurisdiction whatsoever. The information contained herein is based on sources that Preferredpennystocks.com believes to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. Readers should always do their own due diligence and consult a financial professional. Preferredpennystocks.com encourages readers and investors to supplement the information in this report with independent research and other professional advice. All information on the featured company is provided by the company profiled, or is available from public sources and Preferredpennystocks.com makes no representations or guarantees as to the accuracy or completeness of the disclosure by the profiled company. Any opinions expressed on this report are statements of judgment as of the date of publication and are subject to change without further notice and may not necessarily be reprinted in future publications or elsewhere.
None of the materials or advertisements herein constitute offers or solicitations to purchase or sell securities of the company profiled herein and any decision to invest in any such company or other financial decisions should not be made based upon the information provide herein. Instead Preferredpennystocks.com strongly urges you to conduct a complete and independent investigation of the respective companies. Preferredpennystocks.com does not offer such advice or analysis and Preferredpennystocks.com further urges you to consult your own independent tax, business, financial and investment advisors. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or impaired due to the speculative nature of the company profiled Preferredpennystocks.com, its operators, owners, employees, and affiliates may have interests or positions in equity securities of the companies profiled on this website, some or all of which may have been acquired prior to the dissemination of this report and may increase or decrease these positions at any time.
This report may contain forward-looking statements, which involve risks and uncertainties. Accordingly no assurance can be given that the actua1 events and results will not be materially different than the anticipated results described in the forward statement. There are a number of important factors that could cause actual results to differ materially from those expressed in any forward-looking statements made by Preferredpennystocks.com about the company profiled. If applicable investors are also directed to consider other risks and uncertainties discussed in documents filed by the profiled company with the Securities and Exchange Commission.
Preferredpennystocks.com undertakes no obligation to publicly release the result of any revisions to these forward-looking statements which may be made to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events. Preferredpennystocks.com is owned and operated by Victory Mark Corp LTD, 4 Lords Bank, Ladyville, Belize City, Belize. Questions regarding this website may be sent to info@Preferredpennystocks.com.
This email clearly suggests Victory Mark Corp Ltd is not sure how the pick will trade. If you are a trader with some brains, this would clearly be screaming DON'T TRADE MEunless you are GOD and know what is going to happen 🙂
To me this pump was doomed from the very start as it already had some action last month. Several speculators got burned recently on 7 May 2013. 7million shares traded that day with a high of $1.00 and low of $0.07. ACCSclosed at 10cents that day and then gapped the next day at 14c which was actually the day high. It went downhill from there on! A low of 7cents and then closing at 11cents. Trading this pump on the long side is simply begging for disaster! The only winners on this stock will be the promoters, insiders and Short Sellers like me 🙂
ACCS reminds me of BOPT. Very similar in many aspects. See chart here. BOPTwas alerted at 2pm on 11 April 2013 but the run up never lasted long. Very many got burned here including myself! Then many others thought it would be a wise move to buy the bounce the next day and boy it turned really ugly! Trading on BOPTwas actually suspended thereafter and when trading resumed the bloodbath continued.
Anyhow for those wondering why ACCSand BOPThave a lot in common. Well, there is one other catalyst that killed both pumps on Day 1. The so called "Public Saviour" George Sharp. This guy has recently filled law suits against major promoters and the effect on the stocks has been felt by the very people George Sharp claims he is "saving from these scams". I personally think George Sharp's tweets are not helping vulnerable amateur investors who buy into these scams. In any case, he has now created a "Niche Strategy" for Market Makers and Short Sellers who sell heavily after his Tweets on upcoming PR on law suits. I actually banked about $800 on the GROCscam he threatened to expose.
What does all this mean? Is George Sharp's plan working? Are major promoters going to be defeated at their own game? First it was Stock Market Authority (SMA) - BOPT, then Awesome Penny Stocks (APS) - XUIIand now Victory Mark Corp Ltd (VMC) - ACCS. Who is next?.....One can only conclude that going Long on any Penny Stock pick is as good as buying loto unless ofcourse you know what you are doing. The safe bet would be Short Selling any promoted Penny Stock and that goes for ACCS.
Happy Trading 🙂
Share the post "African Copper Corporation (ACCS): Victory Mark Corp Scam"