Terb Pump and Dump?

[Firebot]

As was sorta mentioned (I think), SYX got conditional approval to join the TSX, which is a much, MUCH better position then the TSX Venture Exchange which is usually reserved for prospective companies such as mining excavations companies. It's basically the OTC BB / Pink Sheets of Canada. By joining Canada's major exchange, SYX now becomes a stock available for a lot more investors, including a lot of Americans who cannot purchase from TSX Venture Exchange, but can from TSX. Here's the press release btw.

http://www.ccnmatthews.com/news/rel...earchText=false&showText=all&actionFor=588710

And, yes I bought a couple of shares. They will be joining the TSX the week of April 17, which means if you can I would advise to buy before the stock officially joins the TSX if you have had plans to buy this. I don't forsee .58 cents barring poor news at this point as my comment was without knowledge of this news. I would still advise against putting more then 1/4 of your total portfolio in such a stock. I'm not a long term investor, but this does have buy & hold written over it as I mentioned in my previous post, although taking profit here and there is never a bad thing.

And mmouse, TKTJF:US-OTC/BB is a true pump and dump. Sell NOW if you haven't or you will be very very sorry. Do NOT hold on to it. I can not find any financials at all and no news and I have fairly good news stock program. I do trade OTC stocks from time to time, and this reaks of a pump and dump, don't be caught holding the bag as this is precisely what the pumpers and dumpers are looking for. Never buy a stock on a spam e-mail chain btw unless you plan to sell very quickly after the e-mail has run its course.

 

[goodtime]

Mad money in the house?

Sell sell sell

Cramer, is that you? The lightning round?

EOTD, nice sigline.

 

[y2kmark]

Thought you might be talking about...

No I am not talking about a "Cream Pie Movie" ...

A gas station with a usable rest room (a rarity these days)

 

[Juldet]

Firebot knows his stuff!

Firebot you should be our official TERB FA

Y2KMARK..Try the new Esso's along DonMills... Finch and Steeles... quite clean for a impromptu "pump and dump"!

 

[mmouse]

Firebot you have me a bit worried now. I'll be watching very carefully when it opens on Monday. However it doesn't look like any serious dumping occured on Thursday.

 

[lickrolaine]

settled,in for the long haul,,,,,,

 

[Firebot]

Firebot you have me a bit worried now. I'll be watching very carefully when it opens on Monday. However it doesn't look like any serious dumping occured on Thursday.

I would advise to sell at least 2/3 of your shares so that the rest of your shares end up being 'free' (you bought at .15 and it's currently at .24). You can then ride the remainder of your shares however you want and it won't hurt you even if it does prove to be a pump and dump, but frankly this should be a full sell, too many warning signs. The other reason why you should be worried is that this stock was trading at below 0.10 last friday, and has been trading at BELOW 0.05 less then 3 weeks ago on no volume. The pumpers and dumpers have been accumulating since those levels, THEN sent out a spam e-mail announcing some major news pending, a bunch of people buy in at the same time causing the stock to skyrocket without any announcement causing the illusion that someone is accumulating big, and persuading the people on the sidelines to also get in on this stock that's about to skyrocket (I heard the target was something like 1.60$ heh). While people are waiting for the news to hit, the pumpers and dumpers leave without warning, plunging the stock down 50-60% in a minutes selling everything at market value.

Once the dump happens though, you'll know, the chart is pretty gruesome when it happens. It's pretty scary when it does happen, and there's no way for you to get out because this IS the OTC market after all. Heck this could turn out to be the real deal, but 99% of these cases on OTC or on the pink sheets are always scams.

Here's a site which lists current pump and dump schemes that have been received lately. TKTJF is included for Apr 13.

http://rjohara.net/money/stocks/

Was this the spam e-mail you received?

http://rjohara.net/money/stocks/2006-tktjf-transakt-corp

From: Jillian Gabriel
Date: Mon, 14 Jan 2002 15: 1:24 -0060
Subject: fw: Top Financial Market Specialists Trader Picks

Weekly Pick for the week of April 17th
Our last pick gained $2.46

TRANSAKT CORP (TKTJF)
Founded in 1997, began with the simple concept of building intelligent modular cellular accessories designed to give users increased functionality and freedom without impacting the normal operation of their mobile phone.

Current Price: 0.11
Projected 5 day: 1.60

There is a big PR campaign starting today and running all weekend!! This Is Going To Explode! Is TKTJF Ready To Go? If You Think So, You Know what to Do…Review exactly what the company does and Watch This One Trade on today…

Recent News:

TransAKT Corp (TKTJF) is pleased to announce the election of Mr. Frank Z. Liu to the Board of Directors of the Company. Over the past two years Mr. Liu has been working with Sichuan Haoyuan High-Tech (Gr0up) Corporation as the assistant to the Chairman where he was specially assigned to international business. Prior to that Mr. Liu served as the assistant to the President of CITIC Haoyuan (Beijing) Co. Ltd. where he was also responsible for international business. Mr. Liu has a Bachelor of Science degree in Civil Engineering from Dalian Institution of Technology in China. Dan Pomerleau; President of TransAKT Corp, stated “ On behalf of the Board of Directors of TransAKT , I would like to welcome Mr. Frank Liu to the board and look forward to working with him as a member of the team”

TRANSAKT CORP. TO CLOSE TRILLIUM DEAL AS PLANNED
The company is pleased to announce that the previously announced deal with TrilliumPC is moving forward as originally announced.

Grant Meyer of Trillium PC stated, “It has taken us longer than anticipated to get our financial records up to public reporting standards so that an audit could be completed. We will be finalizing the deal with TransAKT Corp. as planned and look forward to closing the transaction in the next few months.”

Dan Pomerleau; President of TransAKT Corp, stated “We look forward to working with the Trillium team. It has been a long time since we announced the deal, however all good things take time”

About TransAKT™ Corp.

TransAKT Corporation is a global Voice over Internet Protocol (“VoIP”) hardware and network provider for commercial and residential users. Its proprietary U&Me network already handles more than 25,000 calls daily with over 40,000 subscribers and provides users with telecom grade voice quality. The Company’s global corporate management team is based in Taipei; additionally there are numerous branches and representative offices in Europe, America, Asia-Pacific and Australia. TransAKT™ Corp. is additionally a developer of mobile solutions and a leading developer of secure wireless electronic

You'll note on this link that TKTJF has been pump and dumped before back in December.

http://www.financialspider.com/postnuke2/modules.php?op=modload&name=News&file=article&sid=23

 

[goodtime]

Y2KMARK..Try the new Esso's along DonMills... Finch and Steeles... quite clean for a impromptu "pump and dump"!

I think you're referring to the 2 Esso's DM & F + DM & S.

As we wouldn't want Y2KMARK to have little accidents looking for Finch & Steeles to merge in NY (East).

 

[mmouse]

Was this the spam e-mail you received?

http://rjohara.net/money/stocks/2006-tktjf-transakt-corp

Yes, that was the one. I am only playing with money I can afford to lose. Do you have any idea what kind of gain the P&D'ers will be looking to make? i.e. if their average price was 0.10, will they be happy to get 0.30, or are they usually more greedy?

 

[Firebot]

Yes, that was the one. I am only playing with money I can afford to lose. Do you have any idea what kind of gain the P&D'ers will be looking to make? i.e. if their average price was 0.10, will they be happy to get 0.30, or are they usually more greedy?

As you probably saw in today's action, the stock climbed early, but someone dumped, and dumped big once it reached over 0.30, and the stock actually closed for the day. If you have sold like I advised, you should have managed to bail at 0.27 at the open which is quite a good price. I expect the dump to continue very strongly tommorow. A stock gaining and losing 30-40% of it's value in 2 hours is never healthy.

As for SYX, it released news at market close that they have received final approval for joining the TSX, and will start to trade on the exchange on Thursday. Expect a slight boost tommorow, and some decent action on Thursday.

http://biz.yahoo.com/ccn/060417/200604170321946001.html?.v=1

 

[mmouse]

I ended the relationship around noon yesterday at an average of 27.5. Thanks for the advice, I would probably still be "holding the bag" without it

 

[Firebot]

I ended the relationship around noon yesterday at an average of 27.5. Thanks for the advice, I would probably still be "holding the bag" without it

Good news indeed, since the stock took the final dump part of the pump & dump today; it fell all the way to 0.16 before closing at 0.18. The only people left are the bag holders who will eventually have to sell while it drifts back to below 0.10 over the next 2-3 weeks. Luckily you came out of this one on a good positive and managed to bail before the dump, just be ready for these scams in the future. You CAN make money out of them if you are quick but only as long as you immediatly recognize them as scams and stay vigilant.

 

[mmouse]

Today's hot tip!
RMDGK
Pick it up at 0.0011, was trading over $1 a year ago. I read some buzz about it on another forum, something may happen, who knows.

 

[Firebot]

Today's hot tip!
RMDGK
Pick it up at 0.0011, was trading over $1 a year ago. I read some buzz about it on another forum, something may happen, who knows.

Well stock is now at 0.0007 (it actually got dumped on April 24 from 0.0012 to 0.0006, stock never went past 0.0013)...how do you feel about your pick now? Here's a quick technical analysis of where this stock is going btw http://quotes.barchart.com/texpert.asp?sym=rmdg .

I told you, you got very lucky on the last one (TKTJF is trading at .155 right now and just trickling down further as I called it). I wanted to make a long post on just how stupid this new pick was when you first posted it considering this 'company' (it's an indie hip hop studio with no name rap artists for crying out loud) never made any money or revenue and have been a falling knife ever since it started trading (just because it once was valued highly doesn't mean it will ever get back there). It was probably best for you to learn the hard way so you don't lose your money stupidly anymore.

Stick to companies with real revenue. I've made a killing on CHID buying in the .50's on April 21 (it's at over 1.00$ now and on a rally). Real revenue, real price action (heck check out http://quotes.barchart.com/texpert.asp?sym=chid to see just how solid this stock currently is technically). I am also still holding SYX despite being slightly down from my purchase price, my target of 1.10 or so in 3 quarters still my estimate.

 

[Papi Chulo]

http://www.theglobeandmail.com/serv...ess/?page=rss&id=RTGAM.20060504.wtipsheet0504

TSX past peak??

 

[mmouse]

Well stock is now at 0.0007 (it actually got dumped on April 24 from 0.0012 to 0.0006, stock never went past 0.0013)...how do you feel about your pick now?

It hit 0.002 today so I feel pretty good
But I'd prefer not to talk about IKMA which I bought at 0.2 a few weeks ago.

 

[Firebot]

It hit 0.002 today so I feel pretty good
But I'd prefer not to talk about IKMA which I bought at 0.2 a few weeks ago.

You are playing with fire by playing stocks like if you are playing russian roulette. RMDG still screams pump and dump (they released a press release this morning which sounds good, but has no worth). You may have lucked out based on a 2nd string of pumping after the first one on which you bought, but the company still has no value. The stock managed to drop to 0.007, it will happen again now that news has hit. You mention IKMA which hit 0.07 since your buy at 0.2, so I assume you've already got hurt playing this game.

Oh and TKTJF actually hit 0.0870 today, under 0.10 after a few weeks just as I predicted. RMDG is going back to 52 week lows again, so if you are still somehow holding this crap, SELL. Or at the very least, place a stop loss order at .0017 or so, so that if the stock manages to go up a bit further you can take advantage of it, while protecting yourself from a dump. You can then raise the stop loss order little by little if the stock continues to move up, keeping a buffer from your order and real price. This is the most secure way to trade a dump capable stock.

 

[goodtime]

http://www.theglobeandmail.com/serv...ess/?page=rss&id=RTGAM.20060504.wtipsheet0504

TSX past peak??

Traditionally, after correction the market hits another peak according to market historians. Perhaps they're the one behind pump & dump?