Scamming You With Stock Picks...You'd Better Be Fast!
It is clear to me now. After six months of waiting for Micheal Cohen's next stock pick, he picked one and "released it to the masses" this morning, just before the opening bell.
UOMO is the ticker symbol. It's closing price the day before was .35. It opened at .48 and ran up to .78 within the first 10 minutes of trading (Volume was 10.3 million in the first 10 minutes). I hope you've got a better brokerage firm than me, I kept missing the bids as it ran up.
By 11:30 am, UOMO had topped out at .94 and then began a steady decline were it kinda stabilized around .75.
Is this a classic case of "picking a stock", telling hundreds (thousands?) of people to get in on it, driving the price higher so your "stock picker" can sell his shares at the top, and leaving his "subscribers" holding the bag in the end?This is definately what I suspect is going on with Doubling Stocks' newsletter. If you have a different view, please tell me!
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