PennyStocks.com

MoneyJuggler

Thank you so much everyone, a lot of help and insight, really appreciated! :T:)

MoneyJuggler

PS , in case anyone is interested, I just checked at yahoo, and these shares hit 75 cents each just before midday, and then fell in 2 hours to 35 cents!

I know to a lot of you this will be a common occurrence, but having just started watching things like this, I am really surprised by the volatility!

black_taxi_2

viy say no more

puzzledinvestor

MoneyJuggler wrote: »

Again, apologies as a layman for posting this, but I've been watching these "penny shares" that have been pumped by lots of newsletters, in a company calle Xumanii, and in the last week they have nearly tripled in price. I can't find any information on why, either - are they just being hyped up, or am I missing a reason why they have shot up?

Other stocks I have watched have moved up and down in much narrower margins over a few months, but larger movement seem linked to publication of a report, or forecast, or something!

Thanks for any pointers, am just baffled!

http://seekingalpha.com/article/1563122-a-180-million-company-worth-less-than-0-short-xumanii?source=kizur

"It is unfortunate that all-too-often micro- and small-cap stock fraud occurs in our equity markets. It is all too easy for a thinly traded equity with roughly zero intrinsic value to be promoted to the unsuspecting retail investor. While small-cap stock fraud will never be eliminated, it is imperative that the innocent retail investor not be duped by these scams..."