Just wanted to update on what’s become the most commented-on post I’ve ever done. I STILL get comments every so often on a post that’s 2 1/2 months old. I guess it comes up pretty high on the search engines for the phrase “junk faxes”.
Just for funsies, I’m updating the prices on these stocks while I do this. Prices on the original “p and d” stocks as of the close Friday were:
AGGI (Allied Energy Group) – 0.11 (0.53 when fax was received)
EVCC (Environmental Control Corporation) – 2.45 (1.19 when fax was received)
GBVS (Global Beverage Solutions) – 0.22 (0.89 when fax was received)
HSFI (Homeland Security International) – 0.05 (0.18 when fax was received)
HYBT (Hybrid Technologies, Inc.) – 4.31 (6.80 when fax was received)
SYNI (Syngas International Corp.) – 0.37 (0.40 when fax was received)
TAOL (TAO Minerals Ltd.) – 0.09 (0.15 when fax was received)
Doubling my money on EVCC would be cool, but the others have been stagnant to horrible over the 4-6 month period I’ve occasionally tracked them. It’s still easier for me to throw darts at a stock list and make money investing that way than to go by what these so-called experts suggest I purchase.
For whatever reason, the tidal wave of these faxes the company I work for got last fall has slowed way down; either that or someone’s beating me to the fax machine in the morning. Either way, I only have one new contender in the last 3 months, a company called Terra Nostra Resources Corporation (TNRO). This came as an “Asian Investment Alert!” on March 5th.
It’s an interesting case. On the fax, it quoted the price of $2.10 on February 16. By the time we got this fax, the stock had come off a late February peak at about $3.20 and was back in the $2.60 range. Put out this fax and voila! the next couple days the price shot back up over $3.00 again (on a volume of about 300,000 shares) before settling back to $2.88 as of Friday’s close. In looking at a 3-month chart of Terra Nostra it’s intriguing to note that it was lightly traded (no more than 100,000 shares daily and normally far less) before February 15 or so.
A classic case of pumpin’ and dumpin’. As it states on the document, Cyber Communications made $250,000 on the blast fax, and of course the people at Gemini Market News, Inc. who paid Cyber, intended to sell their shares and I’m sure they got their $250,000 back and then some.
Of course, we all know how I feel about Chinese firms to begin with, so having these junk faxes hit our office doesn’t help my attitude any.
I also did a quick THOMAS search to see if there was any legislation pending to amend or correct the Junk Fax Prevention Act of 2005, and right now nothing is sitting in the 110th Congress pertaining to junk faxes.
So there is your update on “Pumpin’ and dumpin'”. I’ll keep on this and occasionally update progress. As always, investigate before you invest. If we can stop being the people P.T. Barnum warned us about, the market for these junk faxes will eventually dry up on its own and a thousand forests will be saved.
As everyone else is frustrated with continued fax dumping from this company I also have been trying to get “OFF the FAX” list. But to no avail, the removal numbers they always give are “always busy” so you just give up. Why doesn’t the “green environment” people scream murder for all the trees that have to be killed so we can waste all the paper in our fax machines?