Alex S. Gabor's  Instablog

Alex S. Gabor
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Alex S. Gabor is freelance investigative journalist, bank stock analyst, and financial consultant. He does not personally get paid from anyone for anything published here at Seeking Alpha.
My company:
Church of Infinitology
My blog:
You, Me and the SEC
My book:
Confessions of a Sex Crazed Money Man
  • MarketWatch Shows NO SEC Filings For Either HEMP Or MJNA-Short Advisory Letter From IBARC 0 comments
    Apr 4, 2013 1:46 PM | about stocks: MJNA, HEMP-OLD

    MarketWatch Shows No SEC Filings for Either HEMP or MJNA, but this is what you get when you try to drill into their site:

    Edited and Refried From MarketWatch:

    HEMP AND MJNA Stock tips are spilling in from everywhere: on CNBC television, at parties, in the gym. Email boxes are full of pitches for can't-miss moneymakers to buy right now. Even your own scouting can turn up stocks that look like solid-gold opportunities.

    Professional investors follow many different methods to hunt down stocks to recommend, from computerized screening programs to gumshoe field work.

    To see how these stock-screening programs work, check out the American Association of Individual Investors Web site. You'll find several dozen examples. See the AAII stock screeners.

    You can find much information about public companies at their own Web sites. Most publicly traded companies maintain an investor section that contains financial data and timely reports about business conditions, such as 10-Ks and 10Qs. The SEC Web site, www.sec.gov., is also a valuable resource.

    With stocks, though, it's often more important to know what to avoid.

    Here are key mistakes to avoid:

    • Overpriced goods: Be cautious about highfalutin stocks. They may be closer to the end of their run than the beginning, no matter how good the company is.

    • Hunches and headlines: Leave impulse buying for the supermarket. Have patience about selling. Time gives individuals a rare edge because longer horizons make losses less likely.

    • Pump-and-dump scams. Internet chat rooms, bulletin boards, unsolicited emails, newsletters -- even radio and TV ads -- can all be sources of stock touting. Don't take the bait.

    HEMP AND MN\JNA are Love-struck stocks. You may love a stock, but it won't love you back. If losses start to mount, you have to know when to break it off and sell. Best defense: Stay disciplined and diversified. Don't invest too much in penny stocks. Day traders and promoters are the only ones who make money in penny stocks and many of those are sheisters.

    HEMP AND MJNA are bandwagons: You'll almost always be too late. Instead buy into companies with a history of superior earnings, barriers to entry in their field and a track record of wise investment.

    "HEMP and MJNA can and should both cease trading before anyone else gets hurt financially", according to sources close to the International Bank Activities Reform Commission which is looking into naked shorting offshore shares of HEMP and MJNA in large quantities via Soros Fund Management in the Cayman Islands.

    Disclosure: I have no positions in any stocks mentioned, but may initiate a short position in OTCPK:HEMP, OTCPK:MJNA over the next 72 hours.

    Additional disclosure: Any short position entertained would be done offshore, not falling under the jurisdiction of the United States SEC. Calling Tracy Tirey and Julie Lutz of the Colorado Office of the United States Securities and Exchange Commission.

    Stocks: MJNA, HEMP-OLD
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