In Focus
October 25, 2004
he hottest stock tips come across my fax machine!
Recently I received an "Urgent News Alert", and I just had to read it. The alert began with a question, "When was the last time you phoned in a 500% gain to your broker?" Well, never, I thought. In fact, I never have "phoned in" any gain to my broker. I just had to read on.
Wallstreet 2004, the stock promoter (or generous conveyor of valuable information; which could it be?), next shared with me the really terrific news that, "When these stocks bounce, they usually do so in a big way". Indeed Wallstreet's "analyst" predicts that "possible trading bounce" is 500%. Wow! How can a mere mortal resist?
Best of all, Wallstreet kindly was sharing with me a "ground floor opportunity." Of course, with the stock's recent trading price of 14 cents, there is little room left on the downside, except maybe a "basement opportunity." But with a price target of $1.50 and a "STRONG" rating, how could I go wrong? Especially with revenues of nearly $10 million (unaudited, of course).
Then came the much buried footnote: "you could lose all of your money", as "Pink Sheet stocks are the riskiest investments, they do not have filings to report and information is hard to verify." Ah, the first truthful and accurate statement I read!
— James J. Eccleston
FinancialCounsel.com
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