Whoops I didn’t realize till finishing the last post that this segment was only five minutes long. Otherwise I would have just built them into one post, but oh well.
While short this chapter is very useful for new to intermediate traders. Basically it is centered around a mid day stock offering by EVOK. Many traders get confused about these offers and scream “PUMP AND DUMP” etc. Sykes does a very solid job of quickly explaining that while shady and disgusting these types of offerings happen every day in the land of shit penny stocks. Sooner you understand this and accept it the better. Always trade low priced stocks cautiously.
MUST WATCH chapter for new traders or current or former traders that have become “bagholders” at any time in their career.
EVOK Late date crack
3:15PM Friday afternoon ATM
Rodman and Renshaw
Good description of this type of financing.
Trade these stocks CAUTIOUSLY.