May 7, 2013
Yesterday, May 6, 2013, I published an article on this blog exposing the latest pump and dump scam making the rounds. The scam involves a true "Penny Stock" that is only worth 1 to 1.5 cents US. Despite there being no news from the company, GTRL, scammers have been pumping the hell out of it since the middle of last week.
While there has been no news from the company itself, other than a warning about the pump and dump scam using their symbol, there has been a flurry of fake news coming via the botnet used to send out this spam blast. This news and reports about the trading value increases in GTRL are all phony. I will expose this below.
In the spam messages I intercepted last night and this morning, the scammers claim, with poor spelling and grammar, that the stock is rising in value quickly and will soon reach a certain extraordinary high. Take a look at their (false) claims, after which I will show you what the actual trading charts reveal to be the facts.
Pertinent headers:
Subject: This Company Opens with GREAT BUY Opportunity!
Date: Tue, 7 May 2013 09:00:50 +0400
[BODY]
G_T_R L made me two times my investment today! G_T_R L climbed up 2 cents
and its hiting to 5 cents now! We signaled you it would climb to 12 cent
soon!
And this one...
Subject: This Stock featured on CBS News
Date: Tue, 7 May 2013 14:18:21 +0700
GT_RL brought me double my portfolio on Monday... GT_RL hit up two cent and
its soaring to 14 cent shortly. We alerted you it must rise to 13 cents
soon!
The reality
If you go to the Nasdaq stock quote page for GTRL, you can see how much it has been and is currently trading for, over any period from intraday, to 10 years. If you set the time period to 1 month, you'll see that until the middle of April this year, it was trading for about $.006; 6/10ths of one cent. Then, around April 20 something caused the value to increase sharply and suddenly. There was no news out of the company itself, so the only logical conclusion one can reach is that some people decided to buy large blocks of shares in this stagnant company. These are the speculators who later employed Eastern European spammers to run the current pump and dump scheme.
If you look at the Intraday chart for GTRL, you can plainly see that the stock opened at 1.50 cents, never reached more than 1.51 cents, then began to drop to its current value of 1.41 cents per share. This represents not a gain, but a loss of 5.37%. This stock never hit 5 cents, or even 2 cents. It has been and still is a "Penny Stock." Despite the claims in the spammed email blast, it is not going up to 13 or 14 cents, It may bounce between 1 and 1.5 cents or so, then tank, as do all pump and dump stocks.
Don't allow yourself to be tempted by anything that arrives via spammed email messages. If you wish to invest in the stock market, either use a broker, or study the ins and outs until you fully understand how it works. If you jump in blindly, due to the excitement created by scammers, you will lose big time. Remember, a fool and his money soon will part.
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