UsefulConcept

It is easy to look at sites like mine and say 'of course you wouldn't buy that penny stock'.  But we all know people do it.  Probably your cousin, secret invisible friend, or boss.  Maybe even you have been tempted.  I mean, you never know right?

I just got another email from a reader with his own story.  Buyer beware, and if you are one of the people who did buy, your not alone.  Just don't do it again.  That is, unless it is 'HOT' and ready to 'break' or perhaps a 'Micro Cap Miracle'.

Update: My spell checker recommends the stock symbol below (FPPL) as 'fool'. Too funny.

Hey, good website/blog.  I got directed to you via an article about spam OTC stock "tips".  The reason that it caught my eye is because I got sucked into one of these about two months ago.  I received the 'tip' on my earthlink email (since canceled) that indicated to me that FPPL (first petroleum and pipeline) was about to go 'big time'.  So I looked at the stock on my Ameritrade website, saw that it was indeed on the upswing, and bought 2000 shares at a total cost of 510.00 (not a HUGE investment...but hey, 500 skins can buy some cool stuff....mountain bike, stereo, etc.).  Well today that stock is worth about 12 bucks...a net change of -97%.

I'm pissed at myself, mostly...but more ticked off at the company itself and the email promoters, whoever they are/were.  I'm holding the stock now, because it would be foolish to sell it for 12 dollars, in the hope that i might get at least a few bucks back on it.  Thanks for your little 'experiment' however...although a little late for me, I hope it will resonate with some other would be suckers.

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