| Symbol | Sector | Return | Exposure | Trades | Last Trade | Status |
|---|---|---|---|---|---|---|
| FPP | Exploration and Production | -2.70% | n/a | 13 | 22-May-08 | Prior Holding |
17-Jun-08
Why I Bought Probable Fraud Hydrogen Hybrid Tech Inc (HYHY) & Think Its Headed Higher
Holding Rationale for FPP.
Out of all the low priced stocks breaking out in all the world—and there were several BMB Munai Inc. (KAZ), Fieldpoint Petroleum Corporation (FPP), Capstone Turbine Corporation (CPST) and Beacon Power Corp. (BCON)—why oh why would I ignore all those real companies and buy 2,500 shares at $2.26 of this now $275 million probable fraud HYHY right before the market close? And then decide to write truthfully about it even as I hold shares overnight! (Suck on that people who say I pump or bash for my own interests)
Especially when we know this “company” had $68,000 in revenue last quarter—okay, okay, I’ll give it to them, they were profitable, but only because their expenses amounted to $9,000!!!!! Especially when they put out utter fantasies like THIS press release touting their technology which is “an add-on to diesel and gasoline engines where it significantly reduces a wide variety of emissions (CO, PM, HC, CO2 and NOx) while simultaneously reducing fuel consumption”
Especially when their magic box looks like a high school science project: … [visit site to read more]
Posted at 16:30 in Holding Rationales | Permalink | Comments () | Top
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