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Pump and Dumb According to Forbes
I'm sure you all are onto pump and dump schemes with the penny stocks we follow but it never hurts to review the basic signs of a classic pump and dump in play.
Here's a link to a Forbes article which expresses the author's tell tale clues for p & d's:
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Re: Pump and Dumb According to Forbes/STARGAZER/SRWY
Well I have had a few emails lately about SRWY and its performance to this point. There was a build up before any recent news I can only ponder if insiders or possibly new partners may have been loading up behind the scenes. Stocks don't usually raise up in value on their own. Drifting south seems to happen without any efforts as we have all seen. Well the news helped push them up even more and I am waiting to see whats next. I took a small position in this, nothing to brag about but i do have some friends who jumped in a bit deeper on my suggestion and they are very anxious to see how far the rabbit hole goes. The forward split did not have a time line and I suspect there may be a rush to get in for that perk.
Re: Pump and Dumb According to Forbes/STARGAZER/SRWY
Ed,
Sounds like you HAVE been pretty busy. I am happy for you that you get to take a few days with your lady and do something nice for her. you deserve it. I am sure she'll appreciate it as well. LOL.
Your team does sound great, and the company seems to be progressing well. What interests me the most is your last sentence......I assume the wine and cheese has yet to be served.
All the best to you, and please arrive home safely.
mowsmows
Re: Pump and Dumb According to Forbes/STARGAZER/SRWY
ED MINNEMA
Thanks mowsmows. I will arrive back to the stomping grounds tomorrow at midnight. Been to Reno,Elko,Vegas,Wikiep,Yuma,Lake Havasu,Quartzite, and am now in Jamaica to spend it with my wife on her birthday. My trip to Arizona,California,Nevada and Jamaica has been very productive. Had numerous meetings and as todays PR stated, had to sign documents that are very important for the companies existence, ie The Secretary of State of Nevada.
I just have to say, the team I have at my side to date is awesome. And my shareholders are very supportive, and I do appreciate that immensely. As they should know we are here for their benefit.
I have read some comments here and other boards, and iif I make a comment or to. The most important asset to any. Company are its people, because if you don't have the right people. Anything can go sour. Another important asset is you must know where every share of your company is, and who is selling stock they don't own. That is a huge asset, and not something the average investor take the time to due their DD. There are things that you can use to further your shareholders value. I keep things very very close to the vest.
WALK QUIETLY AND CARRY THE BIGGEST, IN YOUR BACK POCKET
ED MINNEMA
Re: Pump and Dumb According to Forbes/STARGAZER/SRWY
Ed,
Love your analogy here. Looking forward to the next several weeks. Hope you had a safe and successful trip to the west coast.
mowsmows
Re: Pump and Dumb According to Forbes
Well I don't know Ed but I have been following the hype and posts on other sites and when I saw this link on Stockhouse I decided to come over and look. You can never read up too much on something you are invested in. To be truthful my husband bought this stock on his friends advise and I am not sure how much he researched its value. I find myself doing it for him and although I am not fuly convinced this is the homerun he thinks it is, so far its doing well. My comments were more concerning the links on the markets like the OTC being mostly scams. I have seen a lot of people go broke on the big boards and on the OTC so its not fair to pre-judge anyone because of their listing status. I know a lot of people who will not touch this until its on the Venture or the Nasdaq or anywhere they feel safer. It all boils down to what your risk factor is. I have another stock on here but can't find any chatter about it so I am left to read through this long winded debate. If it means that much to you I can stop in from time to time and give you a good rating, I am sure it won't really help you out in life though. All the best in your discussions.
Re: Pump and Dumb According to Forbes/STARGAZER/SRWY
hi StarGazer
I re-read your posts on this blog and agreed with everything you said. I especially like your description of how to play the pink sheet "When I know a push is on a promoters stock I jump onboard for a ride and then jump off with a profit." What a neat way to summarise a great trading strategy. This sentenceIMO should be framed and highlighted by every pink sheet trader.
I cannot find a single reason why anyone would give you a negative stripe other than to warn you not to express your views. Which of course means only one thing - that your views are sufficiently valuable to be read.
Finally let's call a spade a spade. Achieving a 12-fold increase in price in a few weeks is no mean feat. The markets are clearly expecting GREAT things to come. Ed, you had a fantastic start. You would have a fabulous career if you can deliver against such high expectations.
As I opined in another post, building and growing a legitimate business requires considerable efforts, teamwork, time and good luck. It is at least a couple of order of magnitude more difficult than blowing hot air and selling a good story. Generally teams that are good at building companies are not good at blowing hot air, and vice versa. I wish you and your team the best of luck in turning SRWY into a great legitimate business.
Re: Pump and Dumb According to Forbes/STARGAZER/SRWY
Hi StarGazer,Regarding negative ratings,another blogger told me that if you never receive negative ratings you haven't earned your stripes on Pinnacle.Looks like you have certainly earned yours.
Re: Pump and Dumb According to Forbes/STARGAZER/SRWY
Good advice Seer - we all have to do our own homework & feel comfortable with our decisions. All of us have been burned by various brokers & we know while we lose they win - at least in the short term. In the end we can only congratulate or blame one person - ourselves. I also agree with your Greed comment - problem is when one is up, when does one sell? Better to take one's principle off the table & play with one's profits. Alternatively cash in all one's chips like Iowatrekker & laugh all the way to the bank - also do not look back! No one knows the top - with the exception of GOD & He isn't about to tell us.
Good luck to all.
Re: Pump and Dumb According to Forbes/STARGAZER/SRWY
Here you go a positive vote from me. LMAO
I don't care if the pope was pumping a stock. I would still do my own homework and decide what I believe I'm dealing with and play it accordingly. The pinks are a different type of game and very risky. For one's risk in the pinks the rewards can be fantastic. Where else can you get a 1 3 5 10 20 or more bagger. Greed is a killer and so is dreaming. Just be cautious and be patient in finding the right pink to play. There are a few different ways to play them.
GL to all who play them.
Re: Pump and Dumb According to Forbes/STARGAZER/SRWY
ED MINNEMA:
I had written a lengthly post on this blog and I lost it as I mentioned to you I was having computer problems, so who knows what happened. I am not going to rewrite what I said.
I enjoyed our conversation, I know more about you and you also know something about me.
Jerry-oh you who are new to this board and obviously a friend of Ed's, let me assure you my initial post was not caused by bad experiences investing in pink sheet or TSX venture stocks. As Ed now knows I know how this game is played and how share prices are manipulated by stock players and insiders. When I know a push is on a promoters stock I jump onboard for a ride and then jump off with a profit.
Ed said to me SRWY's share appreciation was because of a short squeeze, must being done by amateurs, because I know of some good companies with solid assets being taken down by short sellers ( specifically naked shorters ) and SRWY has no assets and may have a property in the near future. Very interesting.
I see that I received 4 negative votes since I posted on this blog, although my initial post does show a couple of postive ratings it was brought down by 4 negative ones. Ed all he has to say something about our phone call to receive a positive one.
If I had friends like jerry-oh perhaps I would receive the same approval rating.
Cheers and have a great Sunday.
Re: Pump and Dumb According to Forbes/STARGAZER/SRWY
ED MINNEMA
PPPPPPPS, i think we will maybe drink that wine
ED MINNEMA
Re: Pump and Dumb According to Forbes/STARGAZER/SRWY
ED MINNEMA
PS, i lied, one more post. STARGAZER, thanks for the chat, much obliged
ED MINNEMA
Re: Pump and Dumb According to Forbes/STARGAZER/SRWY
ED MINNEMA
well as it is a pink sheet company and not subject to reporting, i would sat that answer to be none, or at most in percentage amounts maybe .0031%, hmm, guess thats pretty close to none. There iis a sight where you can get daily short statistics, very interesting to look at re SRWY> I thought if someone sells, a stock goes down. PPPPPS, take a look at the chart, which know one has, all part of DD people, look at the stock high, i am sure many are looking at averaging down. There is a wealth of info out there that would answer anyones curiousity, but as you know I dont mind feeding the frenzy. This is my last post on this thread, my posts re SRWY are limited to its thread only from here on in. PPPPPPS, IF there was a drought and all thr grape vines died for a season, and u were dying for a bottle of wine, but none to be found. Then you heard there was 12 bottle of the cheapest darn wine money could buy found underneath a heap of old stock certificates. You jumped to go and buy that bottle, thinking you would get it cheap cause you got there first. When you got there, there were 500 others waiting around bidding on that bottle of wine and the price was up to $1000. Thenout of now where a few gentlemen started selling wine which people couldnt see, but these entrepenuers assured everyone that there was more wine, therefore trying to drive the price down, insinuating tht the person with the 12 bottles had way more than what he believed. To the dismay of the entrepenuers, the price of those discovered 12 bottles kept going up, why, because someone yelled from the back of the room and said,I CHECKED, AND YES, THATS ALL THE DARN WINE THERE IS. At that instance, the 3 entrepenuers started soiling their shorts, knowing they made a big booboo. They in turn try to do a deal with the owner of those 12 bottles, as the price kept steadily rose and rose. The 3 entrepenuers in haste bid up those bottles of wine for $2500 a piece, but they got hurt big time. Amazingly enough, because of the high price the bottles were bought for, 6 more entrepenuers emerged from the back corner, selling again bottles of whine they didnt own, and they too eventually had to settle on buying at higher prices than the original price. Said to say, people are still bidding on those bottles of wine, and a continuos scenario ensued, and continues till these day, who knows where the price of those bottles will end up, and if the weather is forcast as an another dry season, the price will continue to climb,untill those so called entrepenuers stop selling something they dont own. A little lesson in the whine and the cheese. Have a good one, its always easy to ask, it also more rewarding to find out on your own
cya on SRWY
ED MINNEMA
Re: Pump and Dumb According to Forbes/STARGAZER/SRWY
Hi Ed, I understand StarGazer's concerns and I am sure he is correct that your reputation alone on this board and other sites have motivatied people to buy the stock. I,as well question whether Pinnacle or Stockhouse or whoever should allow presidents in as members but to your credit, I have not seen any pie in the sky promisesor hot insider tips,just news releases after they have been made public, or thankyous to members comments and a promise to work hard.So far No forward looking statements and I am sure you will be careful to keep it that way or a lot of us including myself will be quick to point it out to the Pinnacle membership. I have no doubt that these sites have helped to build you a following and a reputation for having investment saavy in the juniors,and had you not been a member for a long time, I would suspect that was your initial plan. Hey, we all try to build a reputation that we have some smarts, otherwise we wouldn't post a thing.To get off the ground a company does need a person with your qualities to get people interested. Most Pinnacle members,but,not all trust you, and at times I have swung in both directions. Some of your contacts I like and some I don't. But as they say keep your friends close and your enemies even closer.As far as pumping and dumping is concerned,there really has not been any at this point. As for junior miners, there is less than one chance in five hundred of success and this holds true for SRWY as well.Years ago, I was trying to pick between two stocks Agnico Eagle and Madsen Red Lake both very small cap and I was leaning towards Agnico when my broker told me Paul Penna of Agnico was the golf pro at Sherry Hill Golf Club and didn't know mining from beans, just a promoter with a lucky small discovery so I went against the promoter and chose Madsen which closed up shop soon after and of course Agnico would have made me a lot of money.I should have bet the jockey. Ed, you have a lot more going for you than I thought. I was tempted to bet the Minnema jockey and buy at less than a cent,again at two cents and again at four waiting for a pullbackand missed a 12 bagger. Of course,I probably would have sold most at a triple profit.I have one question to ask regarding the run up if you can possibly answer. How much buying or selling was done by insiders? This would give some proof that the increase in price was not manipulated or staged
Re: Pump and Dumb According to Forbes
We are all aware of the risk on the pinks, however, I have made a lot of money by investigating the stocks I invest in and due to their position on the pinks I guard my position accordingly. Because a company is on the venture does not mean its risk free. A lot of investors on the bigger board stoicks have been taken for a nice ride look at The Golman-Sacks issue. By basing your opinion strictly on pinksheets seems to me more like your own bad experience being pushed on the rest of us. I have to say I am uncomfortable with an insider openly posting on any forums though but that does not stop my curiosity from investigating what SRWY may have to offer as far as substance and possibility for future growth for themselves and my money. It s a well known fact don't risk more than you are willing to lose, look at Enron, GM & Oilexco Inc, they had a huge following and looked safe, now just a bunch of bagholders. From where I come from you sentence after a guilty verdict.
Re: Pump and Dumb According to Forbes/STARGAZER/SRWY
ED MINNEMA
STRGAZER, guess you should tell ADIDAS to get off the pinksheets to. Narrowmindness is a sometimes a bad thing. You cannot just get off the pinks. I give you a personal invitation to go to the SRWY thread and posts and ask questions in respect to myself and SRWY, and please do post the comments you do not like over there so others can get into the conversation as well. I am being fully transparent, you are invited to do the same. Then call Pinnacle and ask them how many company officials of other companies have posted on threads here. I knowof Fred Fisherfrom HI HO SILVER resources, and then the gentleman from a Gold Company , cant remember the name.Thinking everything on Pinks is a scam is wrong. Check pinksheets and check the reputable companies listed there my friend, you may be shocked. Then, go to the TSX, THE TSXV,THE LONDON EXCHANG,THE AMEX,THE NASDAQ,THE NYSE, and find what you consider scams, bet you will find tons. In general you may be correct, in particular you may be very wrong.Have a great weekend
PS, call anytime, here is my personal number 647-746-7795, and be sure to leave a message and i will calll you back.
ED MINNEMA
Re: Pump and Dumb According to Forbes/STARGAZER/SRWY
ED MINNEMA:
I too am a very successful investor, and have been one for several years. This is the first time I have seen a discussion board where heads of companies talk openly about them. Companies are advised by their lawyers to only do so through press releases.
Is it not infact true you are only able to issue each year 10% of the number of outstanding shares of a company. Which would mean you could not give yourselfs 20 million shares as options. But of course perhaps with pink sheet conpanies you can, since anything seems to go with them.
I sure don't not agree that a shell company has a nominal value of 20 cents per share especially a pink sheet company such as yours for the reasons you stated. I once research the costs of listing a company on the TSX Venture exchange and it sure was no where near what you indicated.
So your statements do give me cause for concern for investors. Your company is in the wild west of the stock market, where insiders commonly lie, steal and give out false information and do not have to give out financial information.
So when it comes to any pink sheet stock investors should use extreme caution and DD before investing in their shares, ESPECIALLY mining companies such as yours in fact pink sheet mining companies should be avoided.
I have no reason to doubt your character, other then questioning statements you have made. I hope your company is a success for you and your shareholders. Just get off the pink sheets as soon as possible.
Re: Pump and Dumb According to Forbes/STARGAZER/SRWY
ED MINNEMA
I would like to point out a number of different points, but just a few. A shell company with this share structure has a nominal value in itself of about 20 cents a share, reflecting the total costs of filing a shell, time annd fees. SRWY has a property, has LOIs, has management that continually gets stronger, and has many more projects it is investigating. If in fact this was a pump and dump< ask yourself this question my friend, why would all management, advisors, directors agree to options at prices considerably higher than the share prices when announced. I am sure it is not to pump it up to 10 times that amount. Why didnt SRWY issue 20 million options at .01 cents for a five year period which it could of easily done, like most other companies do, and kill their shareholders in the process. Myself and I am sure many others would call that INTEGRITY and TRUST my friend.
ED MINNEMA
Re: Pump and Dump According to Forbes//STAR GAZER
ED MINNEMA
Interesting post, and likewise even more interesting taht you associate SRWY on this thread, which basically an insinuation. First off, many company executives post on message boards, unfortunately you do not know so in 99% of the time as they use aliases. I post under my name, and likewise, being number one on stockhouse.com I specifically instructed them to change my alias which was NTHENO, to ED MINNEMA, for the simple reason of total transparency. I have chosen Pinnacle as my medium in type to address shareholders questions, no pump or dump, unless you can point out otherwise. It is no different if someone calls me, but in this medium at least all get the same answer to the same question, which is neither a pump and dump. Before one tries to lump a specific company into a grey cloud area, one should spend a lot of their time doing thorough DD. It is my popularity, but more so my connections that will make this company a success, and I have no doubt about that. I have been in the stockmarket for many years, I have worked for many companies, and because of myself spending my own money to go to mining sites et al, people remember me as they become personal friends, whether they be bankers, the backhoe operator or the janitor. As you have never spoken to me personaly, nor even asked me or messaged me in any respect, i do to some etent take personal, with respect to myself and SRWY. When people are successful, people try to kick them down. This is where the stock market investing lesson comes in, and no matter how much someone thinks they know, they can always learn more. If you took a bit of time and even made a phone call, or read other threads, you would know to some extent the share structure of SRWY. It is as the press release say "a very favorable share structure". I will allow you to investigate that further> The next part of running a company is marketing and exposure which I have taken many years to accomplish, but whish I feel you feel is a negative. Next we have news. I do hope you take some time and visit the website and spend a few hours searching some people and properties. I strive to be transparent, not to gaze behind an alias, and I will continue to do so. Feel free to call me at 3 am., the phone is on and I will pick up, and thanks for the opportunity to respond. Have a great weekend.
PS, i will leave the opportunity for you to cut and paste you comments and response on the SRWY thread, which I am sure will remain. And thanks for the wishes on my and SRWYs successes.
ED MINNEMA
Re: Pump and Dumb According to Forbes
lol it is very appropriate and you are not alone. We've all been victim to one fo these in our life.
Re: Pump and Dumb According to Forbes
Dangelo,
You caught me. When I first typed the title I was thinking about how dumb I'd been to get caught in a couple of these schemes in the past. I guess that transferred to my typo and I thought it was appropriate, so I left it. Seems that no matter how long I'm at this trading game, I still get hammered once in awhile by somebody pumping up a stock that they have absolutely no long term nor ethical interest in. I guess it's true that the world has lots more horses'asses than it has horses.
Re: Pump and Dumb According to Forbes
Hey Hal is that a typo in your title or did you mean to type
Pump and Dumb
It's funny either way
Re: Pump and Dumb According to Forbes
It is a world full of sharks. Penny stock or blue chip, this shit goes on everywhere.
Re: Pump and Dump According to Forbes
HalW:
I am glad you brought pump and dump schemes to the attention of PD members. I am suspicious of a high ranking member of PD may be involved in such a thing. Using his reputation on this board to attract members of PD to invest in a company he is now President of. His stock more then double yesterday, highly suspect in my mind.
I request that PD no longer feature the blogs of the president of SRWY, regardless of the SRWY's president's integrity because I feel it is a conflect of interest.
If the individual is truly a reputable man he should have no problem with this.