PZOO, LGHS – Pump And Dump Alerts – August 29, 2012

| August 29, 2012 | 0 Comments

Pump and DumpWelcome to today’s Pump and Dump Alerts, where we will be exposing these two companies:  Pazoo (PZOO) and Longhai Steel (LGHS).

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”:

Pazoo (PZOO)

Pazoo is an online health and wellness social community for people and their pets.   PZOO’s site sells products for nutrition, fitness, and pet wellness.  In the quarter ending June 30, 2012, the company lost $61,598.  In addition, outstanding common shares grew from 46 million in June of 2011 to 54.8 million a year later.

Currently shares of this penny stock trade near $0.31.

Stock Exploder was paid $10,000 by Equities Awareness Group, LLC to tout shares of PZOO.   

Longhai Steel (LGHS)

Longhai Steel is a high-speed manufacturer of steel wire. The Company’s products are further processed by third party refiners into end products including nails, screws, and wire mesh. Longhai Steel was formerly known as Action Industries, Inc.

Unlike most companies targeted by the stock touting pros, LGHS has revenue and generates income… making the paid promotion of these shares even more interesting.

Right now this penny stock is trading near $1.16.

Stock Appeal was paid $25,000 by Mission IR to promote LGHS.

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

Tags: , , , , , ,

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.