Ode to The Sideways Pump & Dump
We received a question yesterday from one of our readers yesterday that we thought was worth discussion. "Where's the dump on AURI", he asked? "You've had it on your watch list since July 12 but the stock has been trading in a tight range since then. He told us that he had also had a discussion about this with well followed tout for the PnDers, James Connelly.
We say precisely! The fact that AURI has been in a tight range (about 12 cents) proves that it is being sold off by the insiders. The only difference is that these insiders are selling in an orderly fashion.
Look at the trading. In the period since the previous, short Pump & Dump campaign in mid June until the current campaign (which looks like it may be coming to an end) started in mid July, AURI hardly traded. Then it during the current 3 week campaign, the stock did 3.3 million shares of volume. Get it? Over 3 million shares of buying comes in and the stock trades in a tight range. Why didn't the stock move up? Because the insiders are sitting on the offer. This is smart dumping as opposed to the bid whacking most Pump and Dump campaigns see. In this way, dupes are less likely to be concerned about a sell off when the next campaign gets underway. And guaranteed there will be a next campaign.
We think NYXO might be undergoing a style of Pump & Dump. This stock has also traded in a tight range since the campaign started. Not really going up overall but not getting whacked either.
Eventually though, the ability to start new campaigns stalls and the bid whacking begins with one final aggressive P & D campaign. This is exactly what happened with HPGS whose orderly dump was pointed out to our readers for several weeks. Then once the really aggressive campaign began on June 15, we told our readers to expect bid whacking to begin imminently. Sure enough, within a week the prognostication came true and the stock has dropped 70-80% since.
We expect this pattern to eventually repeat itself with AURI and NYXO. We don't know when, it could be several weeks away, but once the really aggressive Pump & Dump campaign beings, we'll let you know. In the meantime, do not expect these stocks to present a chance for big gains. The insiders need the money.
Since Our Last Alert on August 8, 2011
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