Here we identify a few of the “bogus” promotions that are going on in penny stocks today.
If you don’t know how these scams work, be sure to check out this free report that exposes the whole thing.
Without further ado, here are today’s “disasters waiting to happen”:
Dig-it Underground (DIGX)
Dig-It Underground specializes in open and limited edition prints, apparel, and licensing. DIGX offers a range of posters, prints, and art reproductions. We highlighted DIGX earlier last month for being promoted by Stock Mister. At the time, shares were trading at $0.23.
This penny stock trades lower now, around $0.19.
The Stock Analyzer was paid $15,000 to hype shares of DIGX.
Apps Genius (APGS)
Apps Genius is a development stage company that develops, markets, and distributes social games and software applications. We highlighted a previous promotion of APGS back on December 19, 2011. Now, the pumpers are promoting a connection to the Jersey Shore and Snooki.
When we first covered APGS, shares traded at $0.50. Now shares trade near $0.39… a loss of 22%.
Penny Stock Finder was previously paid $35,000 to promote APGS. This time Penny Stock Finder expects to receive $25,000 from Emerging Equity Advisors for their current promotion.
A final word (and warning).
These are just a few of the current inglorious “pump and dumps”.
Remember, there’s a lot more of this going on than we can highlight here.
For more in-depth coverage of penny stock pump and dumps, be sure to sign up for our free newsletter, Penny Stock Research.
As you know, penny stocks are a great place to invest your money. You just have to do your due diligence to stay away from all the scams out there these days!
Until next time,