Never Fall For This Nonsense
Below is a MRR and PLR article in category Finance -> subcategory Wealth Building.
Never Fall for This Scam!
Beware of Risky Investments
Summary:
It's important to be wary of scam emails that attempt to lure you into investing in risky stocks with the promise of quick profits. More often than not, these investments lead to significant financial losses.
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On June 5, 2006, I received an email promising a lucrative investment opportunity:
Trade Date: June 6, 2006
Company: BioElectronics Corporation
Symbol: BIEL
Price: $0.25
The email claimed momentum was building for this stock, suggesting the potential for fast profits.
Upon reviewing the stock's performance over time, BIEL's price dropped from $0.25 in June to $0.15 in October. Despite being advertised as a great investment, it failed to rise above its initial value.
The three-year chart was even more dismal, showing BIEL never surpassed $1.50 and consistently lost value. As of October 5, 2006, it was trading at just $0.09, leading to severe losses for investors.
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A similar email came on June 7, 2006:
Trade Date: June 7, 2006
Company: AbsoluteSky Inc
Ticker: ABSY
Price: $0.95
This email boasted potential profits of 200-400%, predicting the price would double to $2 within two days. However, ABSY, which traded at $30 in March, had plummeted to $0.95. By October, it was trading at $0.635, nowhere near the predicted $2 target.
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Then, on July 11, I received another enticing stock alert:
Company: America Asia Petroleum
Symbol: AAPM
Price: $0.105
The email highlighted impressive first-quarter revenue. However, the earnings per share (EPS) of $0.005 was incredibly low. By October 5, 2006, the stock was trading at a minuscule $0.0012.
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These examples underline the risks of such investments. Always be cautious if someone tries to persuade you to invest in stocks of this nature. They offer nothing more than a gamble, not a sound investment.
Invest wisely!
Yours in careful and successful trading,
Ricky Schmidt
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