5 Biggest Stock Market Criminals of 2016

Biggest Stock Market Criminals   Stock Market Criminals of 2016 Samuel DelPresto:  Sam is our 1st stock market criminal, he teamed up with others to secretly obtain control of substantially all available stock in four micro-cap companies and to facilitate coordinated trading that created the appearance of liquidity and market demand for the stocks.  After unwitting investors were enticed through promotional campaigns to buy the stock at inflated prices, DelPresto dumped his shares on the market. Like most penny stock crooks, he thought the SEC would somehow not know what he was up to. Game over Sammy!     Martin Shkreli: according to the SEC’s complaint filed in federal district court in Brooklyn: Shkreli was portfolio manager for the hedge fund MSMB Capital Management LP from October 2009 to March 2014, and also served as portfolio manager of another hedge fund he founded and controlled named MSMB Healthcare LP Shkreli is a notorious stock market criminal, he misappropriated about $120,000 from MSMB Capital Management from October 2009 to July 2011 to unlawfully pay for food, clothing, medical expenses, clothing, office rent, and cash withdrawals. Shkreli misled investors and prospective investors in MSMB Capital Management about the fund’s size and performance, claiming for example in July 2010 to have “returned +35.77% since inception on 11/1/2009.”  In fact, the fund generated losses of about 18 percent. In another example, Shkreli falsely stated in December 2010 that the fund had $35 million in assets under management.  In fact, the fund had less than $1,000 in assets in its bank and brokerage accounts. Shkreli lied to one of MSMB Capital Management’s executing brokers in...

Best Penny Stocks to Buy.

Best Penny Stocks to Buy. Best Penny Stocks.  Penny Stocks is a business, and you need to develop a clear plan of attack. A “business plan” if you will.  The most important factor to consider before speculating in the Penny Stock market is that you must establish a trading plan and not deviate from it. Greed is the cause of deviation. If you are able to stay focused and follow your trading plan, the you will become a successful trader. Follow these 2 simple rules that are easy for anyone to remember and will help you lock in a profit. RULE 1. Learn to accept many small losses.  Money cannot consistently be made trading every day-week-month of the year.  Whenever you trade into a losing position, take the loss and move on.  NEVER add to a loosing position.  Wishful thinking will get you in deep sh*t and must be taken out of your mind. RULE 2. Lock in your profits.  Once you relize a capital gain and see the stock starting to loose some of its steam, or reach the HOD, then it’s time to sell.    Simple rule to rember when locking in profits always take half.   So if I’m up $2,000 on the day. I lock in half my profits by selling half of my position, and keep the other half to ride the wave.  Remember to set a stop loss on the remaining position to protect your profit. Penny Stocks are very volatile and you can see your profits evaporate in a matter of minutes if you are not careful.  If you are up, sell and move...