AwesomePennyStocks.com is a website that offers a free subscription to an investment newsletter that targets the buying and selling of penny stocks. In exchange for simply supplying your email address, you will get a newsletter with stock recommendations that allegedly rise in cost on a regular basis, allowing you to earn payouts on your investment.
Penny stocks is a term used the market to reference stocks that trade for under $5.00. Awesome Penny Stocks generally seems to limit the stocks they investigate and promote to being those that actually trade at less than $1.00.
While it may seem hard to believe (or not so hard to believe, given the current financial situation in the US) that there are legitimate stocks being traded at less than $1.00 a share, it is true. Penny stocks are also called “micro cap equity” and have been around for a long time.
So is Awesome Penny Stocks a Scam?
It’s hard to say definitively whether Awesome Penny Stocks is a scam, but it is definitely dangerous. First of all, penny stocks are notoriously easy prey for price manipulation. This means that a company like Awesome Penny Stocks can purchase a large amount of potentially worthless stock, recommend it to their subscribers, who purchase the stock causing the price to rise, and then the company sells their stock, causing the the stock price to drop again.
This is a well established problem with companies that recommend penny stocks, even long before the Internet became the go-to investment guide.
Another serious problem with Awesome Penny Stocks is that they admit in their Disclaimer that they accept money from third party companies, and therefore admit to being biased when reviewing these companies. This means that Awesome Penny Stocks could be taking money from companies for the purpose of recommending their stock to their subscribers in order to bring up the price of their particular stock.
And if those problems aren’t warning enough, Awesome Penny Stocks also freely admits in their Disclaimer that no one who works for them actually has any sort of training or certification as far as investment advising is concerned. So really, if you were interested in penny stocks, you would be much better off researching and choosing them on your own, than taking a chance with a company that admits to taking money from companies who might wish to promote their own stock.
Of course APS is a pump and dump....just like many many others...I receive theirs news-letter for years and not in a single one i read something like..."Its Results is GARANTID"...All i see is ..ön our opinion, or we consider this because this and that...but disclaimer is clea..DO YOUR OWN DILIGENCE!!!!
Its Stock Market, NOT FOR DUMMES,...people involved in stock market must know how Market Makers work, must have a plataform with Level 2 and study a lot, learn how it works...
Lets not be romantic about any aspect of stock market...If you not prepared for it, stay away, go to casino or play lotto...
Learn....do something...
:)
If you look closely, most pumps will do a pullback in the first week. Take it ONLY on the pullback...generally about the 4/5th day. Create a channel for the pullback, and when it hits the support the third time, and begins to get out of the upper (resistance) line of channel, buy it. It will climb. About 20-60% climb later, it will make a second pullback. Get off before then, clamber on at second pullback like you did for the first. Ride it all the way to the top. If you get two humps after about 50% of your second climb, this stock is going to tank. If you get a red candle at end of day after the second pullback, it is going to dump. Else, take a 100% ride. The guideline is that when the stock does a 5x from the lowest point of the first day, it is time to get out. Awesomepenny does the best job of making its traders some serious money. Most other pumpers are notorious for opening high, and swooning all the way after that. And I am not a member of their staff..just another trader like you. Don't put in 30K, just put in 5K and see it grow to 30K in a few months.
Hope this helps in your future trades. And like they say, don't ocmplain...get up and go for it again.
I'm just being factual. Scroll downward to my earlier post with more examples. It is very possible to make money on most of their picks. Jsst time the buy early once they put it out, then sell soon afterwards. Typical pick averages almost 2 weeks before it crashes.