trading challenge students and PennyStocking Silver subscribers know I’ve profited roughly $10,000 betting against convicted penny stock manipulator Jonathan Lebed of the NIA’s pump and dump on BVSN and subscribers of my 4 newsletters have made over $160,000 in profits as you can see here…and the pump isn’t even over yet…not even close
As I exposed in the article “This Penny Stock Pump & Dump Has Lost $1.2 Billion But Is Up 450%+ In A Month” and as you can see from our tens of thousands of dollars in profits short selling Lebed’s previous pumps on OPTT and HKN, the game only gets fun when Lebed starts selling and stop hyping/lying since once he sells, he’ll have no reason to pump and risk another SEC investigation.
And today, the 1st day he’s allowed to sell after a truly impressive multi-month pumping campaign, you can clearly see Lebed and friends have begun selling their multi-million stake in BVSN directly into the artificially induced $30+/share pump and dump they created when the stock was trading at just $8/share via the sending of millions of emails filled with lies as I exposed…pump and dump.
Making nearly $30/share due to their lies, they just pocketed $700,000 in VERY questionable profits.
As usual this new broker for short sellers will likely have the best shot at finding shares to short this week as I expect a collapse over the next few days
This is the beginning of the end for the grand BVSN pump and dump of 2012.
2:10PM EST email disclaimer:
Disclaimer: NIA currently owns 151,000 shares of BVSN. NIA agreed to a 60 day holding period on its initial position of 122,000 shares starting from the date that NIA first suggested the company, but NIA intends to sell these 122,000 shares at some point in the future after the date of February 12th, 2012. NIA intends to sell its additional 29,000 shares of BVSN and can sell them at any time. NIA reserves the right to accumulate more shares of BVSN at any time. NIA’s co-founders have also been referred business in the past from somebody who has filed as a large BVSN shareholder. Past performance is not an indicator of future returns.
3:40PM EST email disclaimer:
Disclaimer: NIA currently owns 155,000 shares of BVSN. NIA intends to sell these shares at some point in the future and can sell them at any time. NIA reserves the right to accumulate more shares of BVSN at any time. NIA’s co-founders have also been referred business in the past from somebody who has filed as a large BVSN shareholder. Past performance is not an indicator of future returns.