Michael Goode

Author's details

Name: Michael Goode
Date registered: December 28, 2011
URL: http://www.goodetrades.com

Latest posts

  1. Samuel DelPresto and how to run big pumps and dumps — July 9, 2016
  2. Greg Mulholland: Penny stock manipulator extraordinaire, gone but not forgotten — July 8, 2016
  3. Fake (or just dumb) tender offer PR leads to brief Freeseas $FREEF spike — June 17, 2016
  4. Cantabio Pharmaceuticals $CTBO promoted on purported Alzheimer’s cure — June 16, 2016
  5. Life Clips $LCLP: The biggest recent landing page pump & dump — June 6, 2016

Most commented posts

  1. On Timothy Sykes becoming a stock promoter and promoting IRYS — 151 comments
  2. Timothy Sykes is full of bullship — 51 comments
  3. How to borrow shares to short — 51 comments
  4. Watchlist for Friday the 11th — 50 comments
  5. Silence in the library — 43 comments

Author's posts listings

Jul 09

Samuel DelPresto and how to run big pumps and dumps

I never got around to blogging about this but did follow the case closely and had uploaded the plea agreement and indictment in this case. A good summary of the case is here. So here are the links: Samuel DelPresto guilty plea agreement (PDF) From the plea agreement: If DELPRESTO enters a guilty plea and …

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Jul 08

Greg Mulholland: Penny stock manipulator extraordinaire, gone but not forgotten

This post is a few months late, but I have included a few more recent details at the bottom. See the DoJ press release from May 9th. From the press release: Between 2010 and 2014, Mulholland controlled a group of individuals (the Mulholland Group) who together devised three interrelated schemes to: (1) induce U.S. investors …

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Jun 17

Fake (or just dumb) tender offer PR leads to brief Freeseas $FREEF spike

Yesterday Havensight Capital LLC put out a press release announcing a tender offer for the shares of FreeSeas (FREEF), a distressed shipping company. For posterity the press release is quoted in full below. As of the writing of this post the PR has been removed from Yahoo Finance but is still on the OTCMarkets website. Havensight …

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Jun 16

Cantabio Pharmaceuticals $CTBO promoted on purported Alzheimer’s cure

ctbo

A recent low-volume landing page pump and dump is of Cantabio Pharmaceuticals. See landing page here: http://biosciencereport.com/ctbo/main/ctv1.php Disclosed budget: $150,000 per week Promoter:  Biosciencereport.com / KyIne Ltd Paying party:  Ikon Media Shares outstanding: 26,805,270 Previous closing price: $2.27 Market capitalization: $60 million Disclaimer (emphasis added by me): IMPORTANT NOTICE AND DISCLAIMER: This stock profile should be viewed …

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Jun 06

Life Clips $LCLP: The biggest recent landing page pump & dump

lclp_ad

With the SEC and DoJ cracking down on illegal stock promotions (it is possible to legally promote a stock but misleading statements and manipulation are more effective) over the last couple years the number of effective pumps has declined tremendously. The number of hard mailer pumps with good volume has decreased from dozens per year …

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May 25

Algos for everyone: Interactive Brokers’ adaptive algo could be a great tool

adaptive-algo

Recently I wrote about customizing IB’s smart routing. Particularly for larger orders though it is desirable to break orders into smaller chunks so as not to give the market too much information which can lead to other traders front-running large orders. Iceberg orders work fine but are so-so at best at limiting information leakage — …

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May 25

SEC Obtains asset freeze of trader who filed false $IDT takeover filing

2016-4-12 IDTI 1m fake buyout 13D

On April 12th Nauman A. Aly made an SC-13D SEC filing indicating that a group of investors had taken a 5.1% stake in IDT Corp (IDT) and was offering to take over the company at a 65% premium to the then-current stock price. Soon after, a revised filing showed that the group had sold a …

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May 20

SEC Suspends trading in NuTech Energy Resources (NERG) due to potentially fraudulent tender offer

nerg_chart

Today the SEC suspended trading in NuTech Energy Resources (NERG): because of questions that have been raised about the accuracy and adequacy of information in the marketplace about the company’s operations and the company’s recent public announcements concerning an unsolicited tender offer. SEC trading suspension (PDF) SEC trading suspension order (PDF) When I first saw …

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May 11

Get SMART: Customizing Interactive Brokers’ smart routing

SMART

Interactive Brokers has been one of my main brokers since 2007. Yet I didn’t realize until today that you can customize the smart routing of orders. I was trying to figure out how to set a hotkey to set a market/ECN destination (route) and stumbled across the smart routing configuration which is even better than …

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May 09

Code Rebel $CDRB SEC suspension: Only 2nd ever SEC suspension of listed stock

cdrb

On May 5th the SEC suspended trading in Code Rebel (CDRB) for two weeks. The stock will resume trading on May 20th on the grey market. Code Rebel had been promoted multiple times by stock promoters and was most recently promoted on May 2nd. The reason for the trading suspension as given by the SEC: The …

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