HotOTC (as well as many other pumpers) gapped and crapped MRGP today. I would have shorted this starting in the pre-market if I could have found shares. The key was that there was an aggressive seller in the premarket (whomever paid for the pump) keeping it from gapping. This would of course have been an aggressive entry. Averaging into a short is fine, but the risk on a HotOTC pump is that it will tank before a full position is reached.
Here are the pumpers:
Crown Equity Holdings: $10k cash “Crown Equity Holdings, Inc. (CRWE.OB) has received ten thousand dollars in cash from a third party (Stock Group AG) for (1) day of advertising for Mercer Gold Corporation, (MRGP.OB)”
Global Marketing Media (StockScout/PennyStockPros/PennyStockClub): $5K cash “Global Marketing Media has been compensated 5,000.00 by Five Star Consulting for the promotion of MRGP. An affiliate also owns 89,330 shares of MRGP bought on the open market.”
HotOTC: $50k cash; (StockEgg.com, HotOTC.com, StockRich.com) “Hototc.com has been compensated by a third party Stockgroup AG fifty thousand dollars for a one week MRGP adverting services contract. Hototc.com does not own any shares of MRGP.”
MonsterStockPicks.com / StockStars.net: $5k cash “MonsterStockPicks.com has been compensated by a third party Galaxy LLC five thousand dollars for a one week MRGP advertising services contract.”
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Disclosure: No positions in any stocks mentioned. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.