Get your ice cold stock alerts here...

If you follow a sell and hold strategy by taking the stocks that the promoters tell you to buy, and you sell them instead, you will make money. You will need to spread out your timing so that you are less vulnerable to some of the pops and pumps, but overall you will be in the black in the long run as most of these companies eventually trade to zero.

We are still working on the research for this portFAILio project, if you are interested in working, comment below.

http://pennystockalerts.com/  (why does this site have unclickable images from the WSJ etc.)

BLGW.ob

BLGW was being promoted heavily as it ran up towards $1. Subsequently, the stock has traded down to 23 cents losing more than 60% of it's value. It is always interesting to see stocks tank on "good news", especially while being unambiguously promoted. Maybe this one is just a coincidence... will have to look further.

The Goldman allegations... Bullish or Bullshit?

UPDATE: I was wrong about the call options, but the lawsuit is still bullshit! They may settle but they won't lose.

Here is a list of reasons why I think the allegations are BULLSHIT! The corresponding trade IMO is to buy the 170 JUNE call option for $5.55 10:30am/4.20.10

1. All of these deals were zero sum games. There was a buyer for every seller.  ABACUS was no different.
2. What duty did Goldman have to disclose "the seller" or the ultimate originator of the synthetic CDO.?...
3. Even if they did have a duty disclose who selected the securities in the portfolio or at least not to lie and say it was ACA when it wasn't... for the SEC to win they have to prove not only that GOLDMAN LIED but that these lies are what caused the damages. As far as I know (and I am no lawyer),  the buyers lost money because they didn't make the right bet, not because of WHOM selected the securities.