The markets biggest ongoing pump and dump, North Springs Resources (OTCBB:NSRS) stock continues to shine since I last wrote about it here on January 3rd, 2012 NSRS Stock Promotion; Just The Beginning Or The Beginning Of The End?. The NSRS promotion in comparison to the Powrtec (OTCBB:POWT) disaster last Friday looks like the golden child of stock promotions – for now anyway.
So what can we expect out of NSRS moving forward?
Well it’s been almost 2 full weeks since the campaign started and other than a 2 day pullback shaking out weak hands and trapping shorts there’s nothing that says this one is ready to come tumbling down. That’s just the problem with playing these types of stocks though, right when everything looks good is usually when the trap door opens and naive traders get slammed watching their joyful profits disappear and usually taking big losses while holding the bag.
Technically speaking, if NSRS gets above $.52 Monday it will be squeezing all shorts and that’s where momentum buyers might come back after NSRS sending it parabolic before it crashes similar to the AMWI bomb I caught on film live minute by minute.
Trust me when I say this, the NSRS promotion is nearing its end and if you weren’t aware this was a massive pump and dump then it’s time to brew some strong coffee and get with the program cause you don’t want to be caught in the flush. I have subscribers who found me after losing $100,000 trading stocks like NSRS so make sure you know what you’re doing, especially if you are new.
Is the flush coming today? Honestly nobody knows but one thing is for certain, NSRS will be trading at $.10 again or lower in the near future and short sellers are waiting for the first sign of weakness to pile in. Trust me, this isn’t my first rodeo when it comes to calling these crashes just days before they happen (Read more).