If you’ve ended up on the mailing list of either FAPTurbo or Forex Killer then chances are today you received an email telling you that UOMO (UOMO.OB) is a great stock bound to rise soon and that you should buy it.
But you should really think carefully before you consider this.
In the irony of great ironies, in the email sent they contained a link to the Yahoo stock page for UOMO.OB … and what should appear at the top of the headlines underneath the stock price? A video about the penny stock manipulation of UOMO.OB .
The video can be watched here – http://www.thestreet.com/video/index.html?bcpid=1459183594&bctid=23922416001
The interesting thing is that this video exactly highlights what is happening with the email from the FAPTurbo team.
Have you read the whole thing? In particular the bit down the bottom. Ok, let’s have a look at some of the best bits :
FapTurbo.com has been contracted to receive $40,000.00 by a third party (Accelerated Capital Limited) for coverage of UOMO. Accelerated Capital Limited is a company incorporated in the British Virgin Islands. To my knowledge Accelerated Capital Limited owns shares of UOMO.
And this …
FapTurbo.com and its affiliates or officers have purchased and sold and will purchase and sell shares of common stock of UOMO, in the open market at any time without notice.FapTurbo.com has approximately 100,000 shares remaining and will continue to sell UOMO shares today and tomorrow. These sales may lower the value of YOUR purchase of UOMO shares and could result in significant loss.
Ok then. So for those who still haven’t quite connected the dots, here’s what’s happening, and why you shouldn’t trust the word of the FAPTurbo team.
- They are getting paid $40,000 to send out these emails telling you how great the stock is.
- They have 100,000 shares of the stock. Shares that they no doubt brought for 5c. No doubt as a result of these emails the share price rose as high as 92c. So, say they sold at the top of the market : 100,000 shares times 87c profit = $87,000 shares profit. The equivalent of around 1800% profit for them.
- So in total, by getting you to buy those shares, they have made $127,000 dollars.
Yes, they make $127,000 , but what guarantee for you is there that the shares will hold their value. At time of writing they are at 68c, so anybody who brought at 92c has already lost 26% of their money. Should the shares go back down to 5c or 6c as they were on April 27, you will have potentially lost a lot of money.
The question you must ask yourself – have the shares risen for genuine reasons, or only because of the emails sent out?
Buyer beware!
Disclaimer : Any final decision is yours. I am not nor have I been a financial advisor of any kind. I’m just highlighting some common sense.Related Forex Trading Software Articles :
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