Penny stock chaser is a pump and dump website that gathers million of subcribers emails to promote stocks of companies that have no finances, no product, and no value. They partner with the company of which they are about to promote for free trading shares in the market so they can dump them on the public upon their mass email alerts to unsuspecting subscribers! This is a criminal act and I am awaiting an SEC criminal investigation! Always read their disclaimer in the small print under all their releases. They tell you not to invest unless you can afford to lose all your money. This is not the crime. The crime is trading on inside information of which they have negotiated with the companies they are pumping prior to releasing that information to the public. Their most recent release was Friday 5/14 pumping SWRS. PK! They sent out an email to all their subscribers at 3:15 P.M. Central time and the stock price was $. 137 per share. It immediately sold off to $. 092 per share for a major loss only to sell off again on Monday 5/17 to $. 045 per share! They dumped their shares to their subscribers causing the public to get taken by the penny stock chaser for about a 70% loss! The SEC needs to seriously put a stop to this fraud now!
0 comments