That Porter Stansberry is a fraudulent bullshit merchant of the highest order....

...has long been understood by those with half a brain, but it's been a great couple of days to see his get-rich-quick scheming (simply meaning that he gets rich on the cash of the naive) taken apart systematically over at Green Laser Reviews. Today saw part two of a three part series (we're promised part three tomorrow Jan 7th) and the methodical way in which the fraud runner Stansberry has been 'lazed' so far is an object lesson in what the bullshit copywriter and stock shyster does in order to part fools from their money. These next two links are highly recommended reading for anyone who wants to know more about how market shysters like Stansberry run their schemes.

Part One: "Y2K Revisted: "Is this the end of America?"

Part Two: "Apocalypse Now: Is it STILL the end for America?

So, dear kind and honourable IKN lector, kick back, pull up a chair, click through on those two links and get yourself much wiser about the games Porter et al want to play on you. Great reading material and I can't wait for Part Three, out tomorrow (and will link).

UPDATE: Part three of three now out and available right here.

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?