ELEV, LUVU – Pump And Dump Alerts – May 09, 2012

| May 9, 2012 | 0 Comments

Pump and DumpWelcome to today’s Pump and Dump Alerts, where we will be exposing these two companies: Elevate (ELEV) and Liberator (LUVU).

Here we identify a couple of the potentially “bogus” promotions going on in penny stocks today.

If you don’t know how these schemes work, be sure to check out this free report that exposes the whole thing.

Without further ado, here are today’s “disasters waiting to happen”:

Elevate (ELEV)

Elevate operates as a digital services provider offering a number of services including voice, video, and data.  Target customers include residential, small to medium businesses, and enterprise applications. ELEV offers wireless residential internet service with up to 10 mbps service.

Currently, shares of this penny stock trade near $0.62.

Penny Stock Rumors was paid $7,500 by Actual Investments, LLC to hype shares of ELEV. 

Liberator (LUVU)

Liberator is a vertically integrated company capitalizing on the emerging sexual wellness revolution.  The company has created and manufactures intimacy and sexual accessory products.  LUVU makes Liberator Bedroom Adventure Gear.  At the end of 2011, Liberator has an accumulated deficient of $7.1 million.

Shares of LUVU are trading at $0.32.

BlueWave Advisors was paid $35,000 to hype shares of LUVU.

A final word (and warning).

These are just a few of the potential “pump and dumps” we’ve seen lately.

Remember, there’s a lot more of this going on than we can highlight here.

For more in-depth coverage of potential penny stock pump and dumps, be sure to sign up for our free newsletter, Penny Stock Research.

As you know, penny stocks are a great place to invest your money.  You just have to do your due diligence to stay away from all the schemes and scams out there these days!

Until next time,

Brian Walker

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Category: Pump & Dump Alerts, Pump & Dump Daily

About the Author ()

Brian joins the Penny Stock Research team as a seasoned independent trader and financial analyst. Brian graduated with a B.S. from the University of North Florida and now resides in Scottsdale, Arizona. With a background in economics and statistics, he has a keen ability to uncover profitable and growth-focused companies. He has years of real life know-how in analyzing fundamental and technical data that gives him an edge drilling down on companies and financial results. With over 15 years trading experience, Brian has become an expert in the ever-changing equities markets. Today, he scours the markets hunting for penny stocks that offer low risk and high reward.