Are all of those "Hot Stock" junk mail item on penny stocks just pump 'n dump schemes?

I get so much junk mail, many of it investment related, and a lot of it is from guys with their own newsletters. Not sure if they're all pump 'n dump or not. Such as "Breaking Profit Alert" from the desk of Remo Sabene Jr., Editor in Chief, GroundFloor Stocks. He offers a bunch of books, monthly newsletter, reports, and Electronic Database, etc. Recently promoting a little-known company "Planktos," and pushing books with titles such as: "Retiring Rich," "The China Profit Bonanza," and "How to Grow Rich in Biotechnology Stocks," etc.

These guys who send out investment news letters are on an easy, sure, money spinning racket.

They buy a penny share they fancy, praise it to the heavens to millions of people. Thousands rush and buy it, the price goes up and those first guys sell next day and laugh all the way to the bank. I am thinking of starting such business my self actually.

Why would you want to monkey with a stock that lists for pennies??? Book by Jim Cramer "Mad Money" is what you should be reading. 6pm and 11 pm Cramer and the Mad Money TV show is on CNBC..... On line cramer.com.... Educate your self--- money is being made every day on the Stcok Market... CNBC the market runs all day --Pre and Post shows...

Yes.

If you want to make some money then I will email you for FREE a few stock tips for REAL COMPANIES like Yahoo! or Google.

Just AMEX, NYSE and NASDAQ.

I don't do penny stocks.

I am a Portfolio Manager with over a decade of experience in the Stock Markets.

YES.

Any "hot tip" you receive from someone else, even a well-meaning friend, was cold and dead long before it crossed your doorstep.

"Hot tips" you receive from unsolicited mail are almost certainly part of pump & dumps. Don't waste your time.

Typically, yes. Unsolicited spam and newsletters by stock promoters serves one purpose and that is to get naive and greedy investors to buy while the promoters and others behind the pump and dump are selling.

David Baines of the Vancouver Sun had 2 expose stories in the past year or so on 2 of Remo Sabene's "this one's going to the moon" promotions. The first was on EVCC.OB and the 2nd one was on PLKT.OB.

http://www.vancouversun.com

For more on unsolicited stock spam, please check out these websites:

http://www.sec.gov

http://www.finra.org