Stock Psycho aka Focus Media runs the following sites
This morning they sent out an email on $SOLS (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.
Stock Psycho was compensated three hundred thousand dollars cash via bank wire to conduct investor relations advertising and marketing for SOLS by a third party, David Schatz.
You can see out of the gate this morning it did well because everyone on the email list rushed to buy. The insiders were cashing out by selling their shares to suckers and it came right back down.
$SOLS in our 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 have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.