the OTC .today

August 16, 2011
Today's PUMPs & dumpS

GRDC Not Worth A Can of Spam
also: POTG Takes Investors Out to the Woodshed

Hopefully today was a lesson for those that followed the advice of illegal spam emails.  In spite of the fact that we spread the word about the spam, GRDC gapped up at the open, doubling in the first hour and then drifting all the way back down for a 25% loss on the day and potentially a 60% loss for those that bought at the high and held on for the downhill ski trip. Obviously, not everybody
reads our alerts yet, but they will soon.  Still, it was gratifying to receive the 13 emails generally commenting about how we saved the writers from this scam.

We are big enough to tip our hat to the touts who managed to sucker buyers into LSTG and NGMC today.  Special kudos to the identical triplets StockCastle.com, Obscurestocks.com and WallStreetPennyStockAdvisors.com for having especially gullible subscribers and managing to sell NGMC stock, when several touts before them could not under two separate, previous P & D campaigns.  Company President, Darryl Reed, must think he won the lottery as the insiders were finally able to unload some of their worthless garbage on an opening gap which took the stock to a double and then traded sideways for the rest of the day.  As we've said many times before, sideways trading is a sure sign that the insiders were sitting at the ask in an effort to maintain an orderly market and Darryl is an old hand at pumping and dumping as we revealed in last spring's advisory. 

LSTG also gapped at the open, albeit not as dramatically. Shares then traded sideways for the rest of the day putting over $400K into the pockets of the insiders, on the ridiculous notion that this tiny bulletin board company with one officer and director, who is 29 years old and lives halfway around the world, has a $22 billion asset.  If you bought into this fairy tale today, we suggest you give your head a serious shake and then read the advisory we issued yesterday.

Today was a school day for speculators of Portage Resources (POTG). Paul Luna and his merry men sold a lot of stock between 60 cents and a buck, pumping the virtues of the so-called Holly Properties in Nevada.  After Friday's close, Luna exercised one of his caveats as he announced that he suddenly decided:
"... properties were an excellent prospect but did not fit into the overall company plan of responsible growth."
Oh really Paul?  You don't like excellent prospects? What the heck is responsible growth anyway?  Sounds like a translation for, "Four weeks after we announced positive due diligence, we felt like we milked all we could out of this bogus deal, so now we're unannouncing it".

Deals with caveats, people.  In this case, the required due diligence was the caveat.  Ask yourself why the due diligence wasn't completed before the announcement.  The answer, of course, is that it is still too easy to fool unsophisticated investors this way.  Unfortunately, most penny players are unsophisticated.  That is why they play the pennies.  We know that this sounds harsh, but think about it as tough love.

When caveats are promoted by the touts, you know you've got yourself a Pump & Dump.  We talk about this extensively in our primer, It's A Pump & Dump.

Today's PIMP award, given to the tout who exhibits the most disgusting display of stock prostitution, is given to TopStockAnalysts.com for the criminal headline, "Goldcorp Buyout Rumour Starts LSTG Buying Frenzy".  This headling is worthy of SEC charges.  There is no buyout rumor and if the property was really worth $22 billion Goldcorp, or somebody like them would own it already.  The buying frenzy has been created by a bunch of soulless touts like TSA, who are aiding the theft of money from innocent suckers.

Our new Facebook page is up and running as of Monday evening. Now you can get continuing Facebook notifications of our updates and observations throughout the day, so don't forget to us.

Since Our Last Alert on August 15, 2011

BeaconEquity.com has been promoting JUHL in conjunction with a new Pump & Dump campaign. 

StockEgg.com has been promoting SRCH in conjunction with a new, suspected Pump & Dump campaign. 

MomentumHunter.com and at least 4 other paid touts have been promoting HWIC in conjunction with a new but repeat Pump & Dump campaign. 

StockHaven.com has been promoting EMBA in conjunction with a new, suspected Pump & Dump campaign. 

GrowingStockReports.com and at least 1 other paid tout have been promoting WTFS in conjunction with a new but repeat Pump & Dump campaign. 

Illegal SPAM emails have been reported touting GRDC in conjunction with an ongoing Pump & Dump campaign. 

OurHotStockPicks.com and at least 1 other paid tout have been promoting BRYN in conjunction with an ongoing Pump & Dump campaign. 

PennyStockVideos.com has been touting LBAS in conjunction with an ongoing Pump & Dump campaign. 

RisingPennyStocks.com has been touting TRYF in conjunction with an ongoing Pump & Dump campaign.

PennyStockProphet.com has been touting GRHU in conjnuction with an ongoing Pump & Dump campaign. 

UltimatePennyStock.com  and at least 3 other paid touts have been promoting NGMC in conjunction with an ongoing Pump & Dump campaign.

TopStockAnalysts.com and at least 2 other paid touts have been promoting  LSTG in conjunction with an ongoing  Pump & Dump campaign.

QualityOTC.com and at least 2 other paid touts have been promoting SRPX in conjunction with an ongoing Pump & Dump campaign.