Anytime someone "hot money, asks a share of stock that is sure to be mentioned in conversation True Religion (TRLG) is. I agree that True Religion is a wonderful success story will be the first. It was a struggling textile maker when some Hollywood stars started wearing the line.
True Religion became a success almost overnight as the increased demand for its products and the big department stores began a large stock orders. Only about 18 months after the Hollywood stars were seen wearing clothing line, it's a lowly penny stock trading at $ 0.67/share from moving on to more prestigious NASDEQ and value to a whopping $ 24 / share growing in the left. In fact, it reached around $ 32/share. Wow! It was a fairy tale come true - a 4538% profit - every investor's dream!
But ... Here's the problem (and where lessons) begins:
True Religion hypsters amazing success story was the prime choice. They share the pink sheets or bulletin board and the fact that some Hollywood stars to wear the clothes were starting point for business with a hot, trendy clothing company will take. For use by people they believe were going about their companies to "Search" razzle dazzle potential investors and the stock was to blast off and become the next True Religion. Hot penny stocks he was billed as the hottest.
The formula was frequently used to fool investors.
There "fashionable" area that has been promoted using essentially the same message to many penny stocks were hyped up. These small fashion companies Inca (IDGI.PK) Design and lyrics Jeans (LYJN.PK) are included.
You probably know where this is going. Not to let their stock price as predicted by all self hypster "experts." In fact, they now subpennies the business - these are stocks that at least one cent per share over the business! Many a poor soul, your entire investment cost of these shares.
There was also Horiyoshi (HHWW) worldwide and sub-caste (SUUB) brand, which includes heavily promoted "Whiteboy Clothing." Both of these penny stocks were also heavily considered "the next true religion." They do not the campaign and today they share a dollar / (about half a dollar) at the business had to keep up. Hey, at least they did not leave subpennies!
And get this ... To promote the Worldwide Horiyoshi claim for benefits were going to be larger than true religion. He claimed that the said Horiyoshi Worldwide already a "proven track record, was" contrary to true religion before it took off. They are saying on the basis of the claim is "Horiyoshi tattoo inspired artwork is a very special, very successful multi-million dollar manufacturing giant apparel company Affliction T-shirt line was used to." In retrospect, it seems obvious that they apples and oranges comparison, but the way they were spun it, you might have thought that they move you to the evidence the stock was about to give was.
Stock Jeans promotion song's the language (and many poor souls who bought it now subpenny made of) was used for a closer look. Jeans song, but they were with a slight twist "as the next true religion" in many of the free newsletter hyped. Hypsters were claiming that a "major short position" that was going to create value "soar through the roof!" It was described as a "great deal of 3.5 cents!" Other hypster declared, "This is a golden opportunity to participate in a major run on to be!" Scamster Another said, "is worn by many celebrities already home to the true religion than to try to drive and 'LYJN supported fabrics include: Halle Berry, Brad Paisley, Miley Cyrus, Dennis Richards, Brooke Burke, Kelly Clarkson, Renée Zellweger and Fergie! "He claimed that this was why the stock was about to take off - it's really kind of religion.
In mind that I really believed that the language is free penny stock pick that was used in the paper'm quoting Place. I "supposedly" free the poor souls say that these "free" picks "ended on his shirt (pun intended!) Invested in losing.
So, what lessons that need drilled into your head?
Part 1 of the text here:
Just because a particular area penny stock incredibly well done, it is not in the same area means that other penny stocks equally well or less well to do will.
Part 2 of the text here:
Scamsters, hypsters, and fraudsters for all these types of success stories is a way to use what they say are more reliable voice love their propaganda spin.
Part 3 of the text here:
You must spin and develop a defense to this type of promotion because it will only get you into trouble. This type of hype penny stocks in the world at large runs of wild west. Than at any time you see (flawed logic) with this type of language being used hyped - Run away! What I care is not a story like that to avoid buying penny stocks! Now you have been adequately warned and you are still stupid enough to do so, just remember you lose a significant portion of your investments stand a very good chance - or is it all.
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Sunday, April 17, 2011
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