What Created $CYNK The Biggest Penny Stock Pump Of 2014 …
Major financial media is confused by CYNK’s extreme runup:
Don’t be confused all you cute investor-types, just recognize that your rules/valuations don’t apply to penny stock pump and dumps and that it’s up to veterans like me who have far too much experience with these kinds of plays to inform people of what’s going on.
See this video I just made on CYNK, the world’s most popular penny stock pump & dump right now:
Unlike Bloomberg, CNBC, Pando Daily, Business Insider, NY Magazine which have all written/done videos focusing on CYNK’s budding “social media business”, or lack thereof, and their multi-billion dollar marketcap (which probly isn’t even right as I’m guessing they screwed up the SEC filing meaning to put a 1-75 reverse split instead of a 75-1 split which would decrease the # of shares outstanding, not increase them, thus wiping away their multi-billion market cap), I am not surprised that a company with no cash, no revenues, no business and not more than one employee is spiking exponentially.
Because I’ve seen it happen hundreds and hundreds of times in the past, the alleged market cap of $6 billion on this one being the sole differentiator as to why this pump has gotten so much press while financial media uniformly ignores me and my crazy penny stocks at all other times.
Wide distribution for my teachings or not, I have exposed a few of these plays in my day, read:
$75 million penny stock pump & dump
$150 million penny stock based in a barn
$455 in sales company worth 1/3 of a billion
Marijuana pump which late crashed 99%
The penny stock pump that put out an SEC filing telling people not to listen to me…before they crashed 99%
Remember that over the past 15 years I’ve seen, shorted and catalogued the largest list of penny stock pump and dumps with crazy charts like these:
This video which applies specifically to CYNK with regards to the fact that thee are NO shares to short also shows this penny stock pump & dump pattern again & again:
And my top trading challenge students and I have used these pump and dumps to make millions of dollars…by simply, and legally, trading the same pattern, more or less, over and over again:
So why then did CYNK spike so much all the way to the $20s that got the major financial media interested for once:
Was it these promotional tweets/emails from wannabe penny stock promoters a few weeks back highlighted in this Seeking Alpha expose written when the stock wasn’t even $3/share by a short seller who was wayyyyyyyyy too early on his shorts?
Is CYNK some great scheme masterminded by Javier Romero who is listed as president, secretary, treasurer and director since February 20, 2014?
More likely some early short sellers, some of whom probly were naked shorts, got caught in a short squeeze as they shorted 50,000-200,000 shares in the $2-6/share range mistakenly believing shorting pumped up penny stocks that are fundamentally worthless for the longterm is a valid and low risk strategy.
Very much like the early shorts on this penny stock pump & dump which actually made an entire market making firm go out of business due to their losses.
Many people think the strategy which I teach in these free video lessons is so simple they don’t need my guidance…most of those people come crawling back with accounts 30-70% lower after a few weeks and months, not realizing there are subtleties to short selling penny stock pump and dumps and if you ignore those, you can lose big.
See what one of my trading challenge students wrote me yesterday with the stock trading at roughly $10/share:
Tim,
I am one of your challenge students. Seeking alpha states that $CYNK has $ 39.00 cash and no assets, yet it hit a high of $ 10.75 today. Is this a good time to short?
Thanks!
Timothy Sykes 10:05 AM
Good find, but its breaking out…let it go for now it could keep going…definite potential short!
CYNK, defying all the “experts”, many of whom had written negative articles overnight, then proceeded to spike from the morning low of $10 to nearly hit $22/share today.
So while “expert” commentators like Herbie Hancock say CYNK is “garbage”
…and imply that anyone trading it should be ashamed, in the video lesson HERE I made for newsletter subscribers early this morning, which protected them from shorting too soon given the stock’s 100% spike from the morning low today, I say “I trade garbage like CYNK and its made me a FUCKIN millionaire”!
There’s no shame in buying pumps like this, if you’re early or spot a breakout like I did for subscribers today at $16/share, just recognize the dangers that this is likely to go to zero, in time, or be halted by the SEC/FINRA as early as later today, but more likely tomorrow or Monday.
But my top students and I have made millions trading these pumps, long and short so you can call me the garbage man if you like…
I’m the richest fucken garbage man in the world…ignore my teachings at your own risk, rely on clueless value investors and see how well you do (like those who did short this “worthless” company between $2-6/share
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What Created $CYNK The Biggest Penny Stock Pump Of 2014 …
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