February 06, 2013 at 12:19 PM EST
USA Graphite Inc (OTC:USGT) Shareholders Looking at Huge Losses
We warned our readers about USA Graphite Inc ( OTC:USGT ) approximately two months ago, when the Stock Castle pump started. These days people can see what we meant. After closing down 31.09% yesterday. Today USGT is down another 7.6% with approximately 1 million shares traded. This brings the losses for those who bought in around the highs of pump to about 80%. Saying this is a significant drop doesn't even begin to describe the magnitude of situation. Still, the management of USGT has been silent since Jan. 15. By now even the most hardened believers should have realized USGT was just a pump scheme. Stock Castle and the other newsletters which were a part of the pump of USGT haven't come up with a new stock to tout. When they do, they will be looking at a track record of three stocks that are down more than 80% since their respective pump campaigns. The previous two stocks were Premier Brands Inc ( OTC:BRNDE ) and IDO Security, Inc. ( OTC:IDOI ). We covered those pumps when they started too. Despite, the fact that a lot of people have lost a lot of money on those three pump jobs, it's highly likely that the same newsletters will reaper at some point in the future. It's also likely there will be people who will believe their tout emails and get in the next scheme. If you decide you must play pump jobs, be sure you know what you're getting into.[BANNER]
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