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99% Of OTCBB, Pink Sheet Stocks & Stocks Under $5 Are Scams, Schemes & Frauds
By: Timothy Sykes   Sunday, June 29, 2008 7:35 PM
Symbols: CPST, HYGS, SATC

Who’s gonna keep tabs and clean the mess up? The incompetent/understaffed Osama bin SEC? You with that Scottrade account?

I mean c’mon, all everyone down here in the gutter of the market is doing is playing with numbers and taking advantage of people’s greed and inability to be as cynical as they probly should be. Whether a CEO talks up how bright their company’s future is (Traitor Monthly, Bear Stearns, just about every publicly traded company in the world) (as CEOs can never admit defeat—they are paid to be a company’s #1 cheerleader), an accountant/CFO manipulates a company’s balance sheet to assuage shareholders (happens every day), a newsletter pumps up/bashing a stock (whether paid by the company, a shareholder or for their own purposes (as in they own or are short shares) or a message board poster uses selective data points to make their case—long or short—this is what everyone does so you might as well accept it.

I know many will think I’m crazy—with just as many, if not more, privately emailing me (since they can’t go on record or else they’ll lose their place in the $ line aka their job/reputation, etc) to tell me how great it is that I’m cutting through all the BS—but if you simple think the worst of EVERYONE in the penny stock niche, you’ll never be let down.

This obviously goes against American ideals like “innocent until proven guilty”, but if you’re going to survive, nay, flourish down here in the gutter—and no joke, it really is the gutter—you gotta take my battle-tested advice cuz I didn’t get this way without some serious losses/experience.

So presume everyone down here is “guilty until proven innocent”. Hell, if you any due diligence (it means research you friggin dumb newbies), you’ll discover half the people working this beat already have criminal records!

So trade cautiously. Trade carefully. Trade cynically. Trade safely. Trade profitably.


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9/5/2009 1:40:59 PM
by Mike
Honestly there is not much difference when you think about it. Goldman scams more people on a daily basis then any pink sheet stock could ever think of. Now I'm not saying I disagree with your overall theme, but you can say this about the whole market. What's the difference between a company selling paper to other investors slapping triple aaa rating on it, and then buying so called insurance which actually was a bet that the market was going to go down, as they said as much. It's all a big kahn game. It does not mean that you can not profit it from though.
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