IDOI, OOIL – Pump And Dump Alerts – July 19, 2012

| July 19, 2012 | 0 Comments

Pump and DumpWelcome to today’s Pump and Dump Alerts, where we will be exposing these two companies:  IDO Security (IDOI) and OriginOil (OOIL).

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”:

IDO Security (IDOI)

IDO Security Inc. engages in the design, development, and marketing of devices for the homeland security and loss prevention markets. It offers a shoe scanning device (SSD) that is used in security screening procedures to detect metallic objects concealed on or in footwear, ankles, and feet through the use of electro-magnetic fields.

Back in late March we exposed a pump and dump scheme being run on IDOI.  Back then, shares traded at $0.53.  Currently shares of this penny stock trade unchanged at $0.53.

Over the life of the promotion, Obscure Stocks was paid $800,000 to pump shares of IDOI.   

OriginOil (OOIL)

OriginOil helps algae growers extract oil from algae for commercial fuels, chemicals, and foods. OOIL’s technology dewaters and breaks down algae for its products.  For first quarter of 2012, the company lost $1.78 million, or $0.25 a share.

Currently, shares of this penny stock trade around $1.25.

BlueWave Advisors is the parent company of StockRoach, one of the pumpers touting shares of OOIL.  BlueWave was paid $92,000 and recently received 45,000 shares of this penny stock for their latest promotion.

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.