adonis55 Posted March 8 Report Share Posted March 8 anyone here invest in penny stocks?currently one of the stocks i'm in is LSTAwith all this talk on this message board about wmc in miami, i thought some of you might be interested. Livestar Entertainment Group (LSTA) is one of the major sponsors, so it has and should be having quite a run for the next few weeks. So if anyone is interested i would suggest picking it up before. (Dont take my word for it, do your own research)does anyone else know some stocks worth mentioning? Quote Link to comment Share on other sites More sharing options...
exit24e Posted March 8 Report Share Posted March 8 Martha Stewart... Quote Link to comment Share on other sites More sharing options...
Francois Posted March 8 Report Share Posted March 8 Wow, this company is on the upsQuarterly ReportFor the nine-month period ended September 30, 2003, the Company earned revenues of $502. The revenues were related to the production of a live event for one client. Interesting stock defiantly worth watching Quote Link to comment Share on other sites More sharing options...
magilicuti Posted March 8 Report Share Posted March 8 r u trying to pump up this stock? =/ Quote Link to comment Share on other sites More sharing options...
ghhhhhost Posted March 8 Report Share Posted March 8 haha thats exactly what he's doin. this has been done already...by a 16 yr old...who was charged by the Feds..and banned from trading .....nice try smooth Quote Link to comment Share on other sites More sharing options...
domenickcapello Posted March 8 Report Share Posted March 8 i trade pennys and subpennies daily. very risky , highly volatile.i suggest you get alphatrade and subscribe to level 2, you can find out alot more info about the stocks that you are trading. Quote Link to comment Share on other sites More sharing options...
ghhhhhost Posted March 9 Report Share Posted March 9 wheres the risk in penny stock? its called penny stock for a reason Quote Link to comment Share on other sites More sharing options...
bringda40z Posted March 9 Report Share Posted March 9 Originally posted by ghhhhhost wheres the risk in penny stock? its called penny stock for a reason umm because if you want to make money in them you need to pick up blocks of 5-20 grand. Still need to invest the same amount. Its called day trading because they are so volatile you actually trade them daily to weekly buying and selling on the dips to make small gains. Think your gona make money investing a few bucks just cause there called penny stocks? Any stock below 5 bucks is a penny stock. Quote Link to comment Share on other sites More sharing options...
adonis55 Posted March 9 Author Report Share Posted March 9 Originally posted by magilicuti r u trying to pump up this stock? =/ not exactly, its just that every other thread mentioned is about wmc, and this company is involved. Quote Link to comment Share on other sites More sharing options...
adonis55 Posted March 9 Author Report Share Posted March 9 Originally posted by ghhhhhost haha thats exactly what he's doin. this has been done already...by a 16 yr old...who was charged by the Feds..and banned from trading .....nice try smooth You cant get banned for merely mentioning a stock. Also it is not like i gave any misleading information on it. I merely mentioned it with regards to a popular topic on this site, and suggested that those interested in purchasing it should do their own research on it. Quote Link to comment Share on other sites More sharing options...
ghhhhhost Posted March 9 Report Share Posted March 9 talking up a stock, as stupid and mindless as it may be, is in fact considered a type of sec. fraud. i cant remember the kids name..but it happened about 2-3 yrs ago, and he was facing federal charges. ill try to look up the article later Quote Link to comment Share on other sites More sharing options...
fouroneone Posted March 9 Report Share Posted March 9 Originally posted by mbenzml anyone here invest in penny stocks?currently one of the stocks i'm in is LSTAwith all this talk on this message board about wmc in miami, i thought some of you might be interested. Livestar Entertainment Group (LSTA) is one of the major sponsors, so it has and should be having quite a run for the next few weeks. So if anyone is interested i would suggest picking it up before. (Dont take my word for it, do your own research)does anyone else know some stocks worth mentioning? ARE YOU THE ONE SENDING ALL THOSE JUNK FAXES EVERY DAY? Quote Link to comment Share on other sites More sharing options...
sianxc Posted March 9 Report Share Posted March 9 Originally posted by ghhhhhost talking up a stock, as stupid and mindless as it may be, is in fact considered a type of sec. fraud. i cant remember the kids name..but it happened about 2-3 yrs ago, and he was facing federal charges. ill try to look up the article later actually what he said does not break any securities laws whatsoever Quote Link to comment Share on other sites More sharing options...
adonis55 Posted March 9 Author Report Share Posted March 9 Originally posted by sianxc actually what he said does not break any securities laws whatsoever exactly, it is done every day by every investor Quote Link to comment Share on other sites More sharing options...
adonis55 Posted March 9 Author Report Share Posted March 9 Originally posted by ghhhhhost talking up a stock, as stupid and mindless as it may be, is in fact considered a type of sec. fraud. i cant remember the kids name..but it happened about 2-3 yrs ago, and he was facing federal charges. ill try to look up the article later straight from the sec regulations....( http://www.sec.gov/investor/pubs/cyberfraud.htm )E-mail SpamsBecause "spam" – junk e-mail – is so cheap and easy to create, fraudsters increasingly use it to find investors for bogus investment schemes or to spread false information about a company. Spam allows the unscrupulous to target many more potential investors than cold calling or mass mailing. Using a bulk e-mail program, spammers can send personalized messages to thousands and even millions of Internet users at a time. Here's a sampling of recent cases in which the SEC took action to fight Internet fraud: Francis A. Tribble and Sloane Fitzgerald, Inc. sent more than six million unsolicited e-mails, built bogus web sites, and distributed an online newsletter over a ten-month period to promote two small, thinly traded "microcap" companies. Because they failed to tell investors that the companies they were touting had agreed to pay them in cash and securities, the SEC sued both Tribble and Sloane to stop them from violating the law again and imposed a $15,000 penalty on Tribble. Their massive spamming campaign triggered the largest number of complaints to the SEC's online Enforcement Complaint Center. Charles O. Huttoe and twelve other defendants secretly distributed to friends and family nearly 42 million shares of Systems of Excellence Inc., known by its ticker symbol "SEXI." Huttoe drove up the price of SEXI shares through false press releases claiming non-existent multi-million dollar sales, an acquisition that had not occurred, and revenue projections that had no basis in reality. He also bribed co-defendant SGA Goldstar to tout SEXI to subscribers of SGA Goldstar's online "Whisper Stocks" newsletter. The SEC obtained court orders freezing Huttoe's assets and those of various others who participated in the scheme or who received fraud proceeds. Six people, including Huttoe and Theodore R. Melcher, Jr., the author of the online newsletter, were also convicted of criminal violations. Both Huttoe and Melcher were sentenced to federal prison. The SEC has thus far recovered approximately $11 million in illegal profits from the various defendants. Matthew Bowin recruited investors for his company, Interactive Products and Services, in a direct public offering done entirely over the Internet. He raised $190,000 from 150 investors. But instead of using the money to build the company, Bowin pocketed the proceeds and bought groceries and stereo equipment. The SEC sued Bowin in a civil case, and the Santa Cruz, CA District Attorney's Office prosecuted him criminally. He was convicted of 54 felony counts and sentenced to 10 years in jail. IVT Systems solicited investments to finance the construction of an ethanol plant in the Dominican Republic. The Internet solicitations promised a return of 50% or more with no reasonable basis for the prediction. Their literature contained lies about contracts with well known companies and omitted other important information for investors. After the SEC filed a complaint, they agreed to stop breaking the law. Gene Block and Renate Haag were caught offering "prime bank" securities, a type of security that doesn't even exist. They collected over $3.5 million by promising to double investors' money in four months. The SEC has frozen their assets and stopped them from continuing their fraud. Daniel Odulo was stopped from soliciting investors for a proposed eel farm. Odulo promised investors a "whopping 20% return," claiming that the investment was "low risk." When he was caught by the SEC, he consented to the court order stopping him from breaking the securities laws. check www.sec.gov for more information thank you and have a nice day Quote Link to comment Share on other sites More sharing options...
ghhhhhost Posted March 9 Report Share Posted March 9 i wasnt talkin about u directly soliciting stock purchases ..i was reffering to inflating the stock price by generating a buzz around it...the market fluctuates with forecasts concerning a particular stock..and if theres enough people speaking positively about a stock, the price will go up ...and in such a market as the penny stock market..a .10c increase could be a 50% increase in price..and if ur holding enough of the stock u can make a decent return the sec went after someone for talkin up a stock..i didnt just make this ish up Quote Link to comment Share on other sites More sharing options...
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