If you’re engaged in the advertisement business, at some point someone will want you to advertise a product you know is no good. If you have some kind of code, perhaps you could turn them down, but if you’re only in it for the money the choice is clear.
$30 thousand is all it took for StockTamer to try to pump the price of Suspect Detection Systems, Inc. (PINK:SDSS); mind you, this will be the second attempt.[BANNER]
The first time was around July 16. Back then SDSS opened with a gap up and then dropped right back down. On Friday, SDSS closed down 12.5% at $0.0245 with just about 12 thousand shares changing hands.
Despite the disappointing performance of SDSS last time, StockTamer is touting it once again for today; then again, the performances of some of StockTamer’s previous picks make SDSS’s previous failure to perform look great.
One of the recent “smoking hot” plays of the pumper was VRNI. You can observe the spectacular crash on the chart, and just below is the chart of another stock touted by StockTamer – BYSD.
Some people are quite willing to disregard past performances of pumpers. They may want to take a closed look at SDSS. The company is engaged in the development of security technology. It’s main product is a machine which is supposedly able to detect hostile intent.
Nothing wrong with the security technology sector, except with SDSS you’re actually looking at a company which has had it’s product on the market for years and managed to turn a profit in the first quarter of last year, but has been recording losses since then. Another thing SDSS has managed to do is get from $0.20 per share in 2009 to $0.0245 on Friday.
Some may be fascinated by the fact that the product offered by SDSS has been mentioned on CNN and other media. Very exciting for a penny stock, except that was way back in 2009. For Q1 of 2012 SDSS reported $35 thousand in revenues and $379 thousand net loss.
However, as we mentioned $30 thousand is enough for some to omit the dismal performance and tout SDSS stock two times in less than a month.
