The problem is the most effective pumpers, if their pump is being front-run by speculators, will just delay the pump or even cancel it. Pennypic (Pudong LLC) canceled their pump of WTKN in January 2010. BestDamnPennystocks has delayed a couple pumps over the last year. Golden Dragon Media / Pudong LLC / Free Penny Alerts LLC delayed their pump of GGRI from June 6th of this year until June 27th after people started front-running it.
Everyone and their mother believes that EVGI will be the next BestDamnPennyStocks pump & dump … and that makes it more likely that those speculators trying to front-run that pump will get seriously burned. While BestDamnPennyStocks has previously pumped at least one stock (MDFI on April 19) despite a massive front-run, the risks if they pull the pump at the last minute are far greater than the potential gains. RAPT, pumped by BestDamnPennyStocks on February 9th of this year, was actually supposed to be pumped on January 11th. The problem is that lots of traders figured this out and started to front-run RAPT. The result? The pump was delayed and as a result RAPT dropped from .40 to .18 in one day.
Disclaimer: No position. 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.
so what do you think will happen with EVGI? will it steadily rise or do you think it will be a massive pump and dump! i would like it to rise steadily to become a long term stock. is that even possible?
WTKN oh man was that a bad loss lol ….
I’m still hoping they send EVGI down to .50 like I was originally hoping 🙂
Actually it’s funny … maybe they go with a back up plan and do SMCE – it has volume today hahahaha
Which one was the last BDPS pump where they repumped something rather than pump the thing that was front-ran? It was late spring/early summer iirc.
C’etait HPGS non?
@Jerome. No
CNWI they did a big reverse split too
@Reaper it was RAPT on 2.9.11 http://goo.gl/Q4Wpj and HPGS(previously NXPN) was the one being front-ran http://goo.gl/WQaTs and it tanked from 1.40 to 1.05 … it wasnt until 4 months later they pumped HPGS [well, technically re-pump as they pumped it when it was NDPN(D)].
And in January RAPT was the one being front-ran http://goo.gl/e1DZe and it tanked from .40 to .15 … as their pick ended up being a CWNR re-pump http://goo.gl/m1z9p
Thanks Pat!
Nice writeup Mike. And that’s coming from a victim of the GGRI cancellation. Apparently the only one accd. to profit.ly. 🙂 And I see Pat there living up to the nickname I gave him: Enpumplopedia Pattannica.
someone’s been keeping notes on bdps 🙂
catch ya all in Vegas this year, when pump season is finally back in full swing