Comments on: The Great Penny Stock Chaser Experiment

By: joppy11

joppy11 — Wed, 14 Jul 2010 16:42:57 +0000

while I did enjoy reading this you guys are/were doing it all wrong.
When dealing with sites such as PSC you HAVE TO SHORT THE STOCK. yea there are always gonna be suckers that will read the letters and the stock will rise for about 3 days.
Then as soon as the stock starts going down SHORT IT. In my expiriences the stock will almost consistantly go down continuosly go down for about a month after it peakea so SHORT THESE STUPID NEWSLETTER PICKS.

BTW its estimated that for every one person that buys a stock that is being pumped, three people short it

By: Anthony

Anthony — Thu, 08 Jul 2010 18:33:30 +0000

Hahahahahahahahaha!!!! Oh my GOD…..NO WAY!!!! I told you guys!!! I told you!!! I knew these guys were full of shit!!!!

WAY TO GO S.E.C.!!!!!!!

By: john g

john g — Tue, 29 Jun 2010 20:51:32 +0000

PSC is going to pay dearly!!! This husband and wife team are nothing but theives!!!

By: lynner

lynner — Tue, 29 Jun 2010 19:53:27 +0000

PSC gets nabbed.
http://www.sec.gov/news/press/2010/2010-114.htm

By: Anthony

Anthony — Tue, 08 Jun 2010 14:48:39 +0000

Here we go again with the “don’t be greedy” remark!! NSEAL, did you ever think that all I wanted to do is make a tiny profit for each stock? Why is it that if a person loses money using a SHAM operation like PennyStockChaser, he’s automatically assumed “greedy”?!

Here’s a perfect example I’d like for YOU to dig your lovely company out of!! Everyone research ACLH!!! PennyStockChaser was talking this company up like there was no tomorrow!! ACLH poised for big gains, we should see higher trading on ACLH, blah blah blah….the usual BS streaming out of the PSC crew!! So what happened?? The SEC steps in and halts ALL TRADING on ACLH because they were lying. If you think the PSC crew didn’t know this then you need to switch your meds!! They pumped this stock up until they got rid of all their stocks and BAM….in steps the SEC to halt the trading!!!

I appreciate the little good advice you’ve dispensed, but give me a break….we’re not all greedy!! And sometimes we lose money because the company pushing these worthless stocks are scammers! PSC SHOULD be investigated at the very least!!!

By: jcanterb

jcanterb — Tue, 08 Jun 2010 03:18:42 +0000

Great information, thanks, also if anyone still is wondering whether this is is scam, just read the Pennystockchaser.com disclaimer (http://pennystockchaser.com/disclaimer/). After going around in circles for a while talking about “past performance is no indicator of future performance” etc., etc., they pretty much admit to being a “pump and dump” operation. Here is a quote from the last paragraph:

“PennyStockChaser.com services are often paid for using free-trading shares. PennyStockChaser.com may be selling shares of stock at the same time the profile is being disseminated to potential investors; this should be viewed as a definite conflict of interest and as such, the reader should take this into consideration.”

Maybe even more revealing is a list of ticker symbols for companies that have used the PSC promotional service. They even list the compensation received by PSC! In short, whomever is behind this operation must be making millions! My question is, just because you admit to being a fraud in your disclaimer, does this mean you can’t be prosecuted?? In short, “pump and dump” is illegal, but if I admit this is what I’m doing (even if this admission admittedly is in the “fine print”) and you are stupid enough to go along, does that mean I’m not doing anything wrong?? Either way, I would say, that from any ethical perspective these guys should be shut down ASAP.

By: MJ Wolfe

MJ Wolfe — Mon, 24 May 2010 19:13:08 +0000

Hi Mr. “Professional Trader” — thanks for the input! I guess I was a “sheep” when it came to spending my money on PSC picks. I am still holding that final stock I bought – WDRP.PK, I guess I have very little to lose by keeping it.

By: Maldiviant

Maldiviant — Mon, 24 May 2010 18:08:16 +0000

PSC is run by a well known penny stock scammer named Dan Ryan, they get paid in shares and money to pump scams and dump the shares as fast as they can. One of the worst scam promoters in the penny stock world.
The only people who make money on promoted penny stock are professional traders, the sleazy paid promoters and the insiders running the scam. The sheep get sheared and slaughtered. Most promotions are done to purely unload shares and most promoted stocks are outright frauds or at best a poor company in the hands of dirt bag promoters.

-a professional trader

By: NSEAL

NSEAL — Wed, 19 May 2010 19:01:40 +0000

By the way Anthony! You don’t always have to buy every stock picks tehy come up with; Remember PSC gets paid to promote them and they also buy shares of the same stock before they send it to their subscribers so there’s a conflict of interest there.
Therefore, before you buy into the stocks being promoted by PSC just go on Yahoo finance http://finance.yahoo.com/ ,enter the stock symbol and find out if there’s any positive news being released because sometimes it could just be the guys at PSC wanting to make some quick bucks by just throwing any stock out there hoping their subscribers will get in while they’re selling out.

Like I said before a 5 % gain weekly is all you need to get rich in less than 3 years but you must be disciplined and unemotional.

By: NSEAL

NSEAL — Wed, 19 May 2010 18:48:19 +0000

I’m not a promoter of PSC. If you really want to make money with their picks, you have to buy the stock as soon as it’s released or an hour or two after the openning bell because stocks almost always drop during that time.

rule #1- immediately after you buy a stock, put it on sale at a 10-25% higher than the purchase price depending on how much the stock has gone up before you got into it.

Rule #2_ stop being greedy do not go for the 100% gain that everyone seems to be looking for. The minute you make a lil profit get the hell out.

Think about it! how much interest does the Bank pay you weekly on a $2000.00 saving account?
The answer would be $0.00- $0.0001 and that’s only if you’re lucky.

Imaging you making just 5 percent gain weekly on a $2000.00 investment that’s $100.0 in pure profit if you’d stop being greedy and settle for the little gains you could almost certainly become a self-made millionaire in as little as 3 years.

Remember you’re trading to make money stop worrying about the gains you’re seeing posted on their site just set your goal at minimal percentage and always have your laptop with you in case you want to make changes as trading goes on.
The truth is I made a lot of mistake when I started trading.I lost almost dime I invested until I start selling my stocks almost as soon as I purchased them usually within 1-3 hours sometimes less depending on what my goal is.
I just made a $26k profit on ooag.pk I only wanted to make $2500.00 in profit but the market moved so fast on monday i was able to more than double my money.