I’m starting to get unsolicited emails with free stock picks. The most notorious of them is Beacon Equity. I thought it may be fun to track what happens after they send out their alerts, and to see how much BS they are. I assume that 80-90% of them are pump and dumps and could make good shorts.
The aforementioned Bacon Eaters sent out an alert on Monday at 9:56am extolling the long potential of poker company WPTE….insider trading, great technicals, higher volume – buy, buy, buy! Then they sent an email today claiming it was still up 20% from their alert. Yeah right!
Let’s see if it makes a good shorting candidate over the next couple days.
