North Springs Resources (NSRS) is the latest stock to be the lucky recipient of promotion by Awesomepennystocks.com (APS). APS has informed their members that they could make 3,000% with NSRS, proclaiming:
NSRS will not only be our first pick of the coming year but we are hoping it will eclipse all our previous picks of 2011.
3,000% is hard to beat but we are always positive
What APS doesn’t tell their members though is that for some well-connected individual(s), NSRS has already returned 2,400%!
This chart shows that on July 6th 1,200,000 shares of NSRS were bought for a penny. Aside from a couple hundred thousand shares trading at $0.07 in mid September that was the only volume on NSRS that we can see leading up to APS’s alert. Some simple math tells us that on July 6th someone(s) invested $12,000 and today that investment is now worth $288,000! Not too shabby.
We see stuff like this all the time, someone on the inside gets tipped off that a stock like NSRS is going to be the subject of a big promotion so they buy, and then wait. So who bought those shares? APS themselves? The CEO of NSRS? Friends of the CEO? Heck, friends, maybe family of APS? There’s really no way of knowing, but the point is is that this is another example of the 1% going to the bank on the back of the 99%.
Sure NSRS is probably going to make a nice run and traders who are smart and sell on the way up are going to do very well. Inevitably though, there will be those who just buy, hold, and hope, waiting for the outrageous/unrealistic price target APS inserts into their emails. So be smart, have a plan for trading NSRS, and don’t fall for the hype – just trade the stock based on volume & price. Oh yeah, and the next time you see an obscure stock get subtly loaded for a few thousand dollars worth, add it to your watchlist… it might just be the next NSRS
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