Lone Star Gold, Inc. (OTC:LSTG) has already provided ample opportunities for people to lose money, and it seems today will not be an exception. Of course, when someone loses, someone else makes money.
The stock of LSTG has hit prices as high as $1.35 per share. The main reason for that – tout mails. Compensated promoting is no crime, but sometimes promoters cross some decency lines.[BANNER]
When LSTG hit its high, promoters were spreading the idea that gold giant Goldcorp would buyout LSTG, a claim which was denied by Goldcorp in a timely fashion, but since a lot of traders chose to neglect the due diligence the hype sucked in a lot of people.
Today, the IO CIRCUIT issued an investment opinion. The title reads “Lone Star Gold, Inc. One Step Closer to Production”. This may very well be true, but before jumping for joy traders should take the time to check out the latest 8-K filed by the company, which clearly states that LSTG has no proven or probable reserves on the La Candelaria property. They should also keep in mind that IO Circuit was paid to issue that “investment opinion”.
If a trader can’t understand what that means, maybe it’s time to learn, or let someone else manage his or her investments.
