Stock Psycho aka Focus Media runs the following sites
This morning they sent out an email on $IWEB (Stock that has seen past stock promotion) as their new stock pick. Stocks that have seen past stock promotion that get promoted again tend to do very poorly. This usually means shareholders still have a bunch of free trading shares they would like to liquidate and dont mind selling at any price.
We have been compensated one hundred and sixty five thousand dollars cash via bank wire to conduct investor relations advertising and marketing for IWEB by a third party, StockMister LLC.
You can see out that every IWEB spike is followed by more dropping. IWEB has been pumped and dumped mutiple times. Stock Psycho has brought in a lot of volume today for insiders to sell into.
$IWEB in my opinion will continue to head lower in the upcoming days. It's the same story over and over again with these type of plays.
Disclosure: I am short OTCPK:IWEB.