Stock Pump of the Year

This is fun. Green Laser Reviews, the site dedicated to tracking huckster stock promos, is out with a "2010 Best of the Worst Awards" today to highlight the most shamefaced pumpjobs seen during the course of the year. Much to our pleasure, GLR has chosen Porter Stansberry's Nautilus (NUS.to) scam as winner of "Stock Pump of the Year", the very same BS job IKN noted earlier in the year when the whole sheep-shearing episode took place. Here's an extract:

“Stock Pump of the Year”

awarded to Stansberry & Ass. for

“Underwater Gold Sands”

The Green Laser Editorial Board unanimously decided to single out this well-orchestrated, exquisitely circumlocuted, letter-of-the-law promotion as the past year’s most ingenious example of copywriting telekinesis, which purely by accident CONTINUES

While we're in the mood to check up on zero-moral gold scammers and pump artists out there.......

....let's check on how Porter Stansberry and his ridiculous pump of Nautilus Minerals (NUS.to) is doing.

• In this post dated July 5th we gave the headsup on Porter's scam. The stock ran to over $2.50 that day before selling off sharply

• In this post dated July 12th we noted the sharp spike on the key day of Porter's Stansberry's bullshit scam and told it like it was as the stock broke through $2.65

"If you adhere to the view that it's only correct for intelligant people to take money away from stupid people then today's the day to short Nautilus Minerals (NUS.to). It's also the day that Porter Scamsberry unleashed his proletariat on this woefully bad pump job (it's up 10% at the bell...make that 15)."

So let's see how NUS.to has done since then:

What, $1.81? In the middle of a massive melt-up gold bull and your star stock pick is 31.6% down, Porter?  Cue owly:

Feeling stupid yet, Porter? Probably not, cos you're so pleased with yourself about ripping off thousands of sheep with your disgusting market tactics that you actually think you're clever, ain't that right you freakin' scumbag moron?

Annals of toldya so, Nautilus Mining (NUS.to) edition

The people behind this criminal activity should be thrown in jail. That includes all members of management as well as Porter Stansberry and his slimeball cohorts.


This is not "stock promotion", this is fraud. The only way to stop this bullshit from happening is to have regulatory bodies that aren't afraid to take a proactive stance.....but we have the OSC, the same bunch of whusses that managed to convict just one scamster in the last ten years, which is pretty amazing considering that the Canadian market is one of the world's most corrupt.

The above is the chart of people screwing innocents and taking their money. Vomitworthy, Porter you piece of shit.

If you adhere to the view that it's only correct for intelligent people to take money away from stupid people....

...then today's the day to short Nautilus Minerals (NUS.to). It's also the day that Porter Scamsberry unleashed his proletariat on this woefully bad pump job (it's up 10% at the bell...make that 15).

Guess who's coming to dinner

This morning brings an eminent visitor to our humble corner of cyberspace:

VISITOR ANALYSIS
Referrer	No referring link
Host Name	cog-158.osc.gov.on.ca
IP Address	38.112.100.158 [Label IP Address]
Country	Canada
Region	Ontario
City	Toronto
ISP	Ontario Securities Commission
Returning Visits	2

Visit Length 21 hours 41 mins 50 secs

And if you're wondering which post interested the OSC to come visit, it's this one on Nautilus (NUS) (NUS.to) and Porter Scamsberry yesterday. Even more joyously, our friends at the OSC who have managed to convict just one serious fraudster in the last ten years also hung around the blog (21 hours!!) and decided to check out IKN's coverage of ATW Gold (ATW.v). Better late than never, guys........

Porter Stansberry plays the investment analyst community like a bunch of patsies

Here above is the chart for Nautilus (NUS.to) (NUS) and you'll note a pretty impressive climb in the last couple of days, up as much as 70%. The reason is this pump job linked here, published by scamster Frank Porter Stansberry and his crew.

Look the guy is a total scumball that preys on investing sheep, but I have to give him credit for one thing; he's smarter than the average scumball. Y'see, when Stansberry published his "OH MY GOD YOU GOTTA BUY BUY BUY THIS THING" promo pump last week, promising to reveal all on July 12th in a ConfCall or on July 8th to "special" clients who paid up moolah, he left so many breadcrumbs in his teaser that anyone who knows the sector could work out it was Nautilus he was talking about (gold a mile under the Pacific, 5000km from his hometown etc etc...this is a natch).

So what happens? The investment players think they're all smart, think they're getting a run on Stansberry's promo and buy into the stock now. They don't see what StansberryScumball is up to:

He's already bought in and he's selling into this move right now.

Or in other words, the people who think they're clever are the ones getting played like violins. DYODD.

UPDATE, two hours after the opening bell: HAHAHAHAHAHAHAHAHAHAAAA!!!!!!!!

UPDATE 2: Reader 'B' sent in this mail and then allowed me to re-print here. I concur 100%.

You gotta almost feel sorry for the poor suckers that buy into such an obvious BS pump jobs--GOLD SANDS on the ocean floor, highest grade ever, worth billions of dollars and only Porter Stansberry can tell you about it--. The problem Stansberry faces is that each sucker is only good for one pump as anyone naive enough to believe this crap ain't got no money anyway. Now if Stansberry and Co. could really make 1,000 to 10,000% gains all the time and put $10,000 into one such GOLD SANDS each year, in five years they would be worth a billion dollars. Two more years they would be the richest men on earth. They obviously ain't and have to resort to pumps like NUS to scrape by a living bilking widows, orphans and tea-baggers.