Michael Goode

Author's details

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

Latest posts

  1. Dan & Carol Get busted! — December 2, 2016
  2. Catalysts in the trading of bankrupt companies and why Republic Airways $RJETQ is going to zero — November 18, 2016
  3. My Trading computer — October 7, 2016
  4. Trading in promoted stock Preston Corp $PSNP suspended by SEC — September 6, 2016
  5. Trading in promoted stock MarilynJean Interactive $MJMI suspended by SEC — August 26, 2016

Most commented posts

  1. On Timothy Sykes becoming a stock promoter and promoting IRYS — 151 comments
  2. How to borrow shares to short — 53 comments
  3. Timothy Sykes is full of bullship — 51 comments
  4. Watchlist for Friday the 11th — 50 comments
  5. Silence in the library — 43 comments

Author's posts listings

Dec 02

Dan & Carol Get busted!

Here is a nice investigation into the former stock promoters Dan Ryan, Carol McKeown, Eric Van Nguyen, and money man Tony Papa. Keep in mind that Dan and Carol, while coming off as sympathetic figures, ran a stock promotion business and are alleged to have violated US laws. Before the SEC sued them I alleged …

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Nov 18

Catalysts in the trading of bankrupt companies and why Republic Airways $RJETQ is going to zero

The rule of thumb in bankruptcy is that 90% of the time shareholders get completely wiped out. Maybe 8% of the time shareholders get a tiny bit of equity in the new (post-bankruptcy) company or out of the money warrants to buy that equity. Only 2% of the time or less do shareholders get a …

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Oct 07

My Trading computer

I figured I might as well update an old blog post about my trading computer. Now, when it comes to trading, having a fast computer is a lot like having a big penis when it comes to sex: sure it is nice, but knowing how to use it matters much more, and the most important …

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Sep 06

Trading in promoted stock Preston Corp $PSNP suspended by SEC

Friday morning the SEC suspended trading in Preston Corporation (PSNP) which had just been promoted by OTCMagic.com the prior evening. The reason given by the SEC: The Commission temporarily suspended trading in the securities of PSNP because of questions regarding the adequacy and accuracy of available information about Preston Corp. in light of a false statement about …

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Aug 26

Trading in promoted stock MarilynJean Interactive $MJMI suspended by SEC

This morning the SEC suspended trading in MarilynJean Interactive (MJMI), which had recently been promoted by websites connected to the former Awesomepennystocks.com. The reason for the suspension was: The Commission temporarily suspended trading in the securities of MJMI because of recent, unusual and unexplained market activity in the company’s stock taking place during a suspicious …

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Aug 05

The market for penny stocks is rarely efficient: Jet.com vs Jetcom

With the news that Wal-Mart is looking to buy Jet.com coming out two days ago, some geniuses looked to buy Jet.com to profit from the potential buyout. The problem is that Jet.com is not publicly traded anywhere. However, they found Jetcom, which is publicly traded on the grey market OTC (so no bids or offers …

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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

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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