Davis Freeberg

Comment Stream » GZGT.OB (2)

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    • Beware of Stock Spam Promotion in Major Financial Publications
      I've always felt that IBD was a great publication. The research that they do is really amazing. Given how much money they spend protecting their credibility, I find it shocking that they would allow this penny stock ad to run, without at least doing some due diligence on the company. When publishing an ad in your publication can move the stock price, editors need to think about the ethical implications behind that. Even more importantly, they need to research the company and make sure it's a quality company. IBD should be ashamed of themselves. Still no public apology from them. They have lost a lot of credibility in my mind.
      Jun 12 13:09 pm |Rating: 0 0 |Link to Comment |View article
    • Guangzhou Global Telecom: Spam Stock Tips Go Postal
      Nope Kerry, I have no financial interest in seeing the company succeed or fail. I don't actually like shorting stocks, too much bad karma and I don't like taking unlimited risk. Feel free to look through my past posts and you'll see that I've never thought very highly of stock spam. If I was going to short something, you can bet that it would be a large cap or a midcap stock through. Too much downside risk in trying to bet against a microcap company. I could be right about the valuation and it could still go up because someone is pimping it. If you'd like to help me better understand why the fundamentals justify such a lofty valuation, I'm all ears, but even if GZGT was the real deal (which I don't think that it is), I would still question the wisdom of trying to buy during the middle (or end?) of a mass marketing campaign. People are playing a dangerous game of musical chairs right now. As long as new buyers keep coming in, people will keep playing, but once support for the stock falls, you'll hear a massive sucking sound as that money gets pulled off the table. If you want to gamble with your own money that's fine, but between the auditor issues, the pumping that is going on and the questions being raised by other journalists, I think that this is one opportunity that investors may be better off taking a pass on. I'm sorry if you disagree with my opinion, but I suspect that I'm a lot less biased on this issue than you might be.
      Jun 05 17:17 pm |Rating: 0 0 |Link to Comment |View article

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