Lets go GZPN!

[Livana]

IFLB is being pumped by http://www.thestockster.com/
I'm glad that this happened.  I am not liking this company anymore. They are getting themselves in debt, the release of the gaming system has been delayed. So I will be getting out today with hopefully what looks like a 75%+ profit.

[invol_inlf]

Hope you right. I sold too at a profit, was in it at  .021.
Will it break .035?

[DannyOhad]

Something is happenng... I believe it will break 0.1 soon.

[DannyOhad]

IFLB!!! Another 40% today... in case it breaks the 0.05 rate - i believe we will see 0.1 soon...

[Livana]

I was going to sell last Friday and then what? I got greedy... 
I also got lucky since IFLB has gone up today again. I ended up selling at 0.045 for a nice 117% profit (incl comm.). I don't want to stick around to see if it reaches the 0.05. Although I do wish it for everyone that is holding, as I mentioned it below, I am not a big fan of IFLB anymore, and am glab I could get out of it on such a good note.

[doyerdiligence]

livana nice nice
i'm glad you can be aware enough to take the profit when it becomes available to you

you know it was running on the stockers so if anyone wants to read a little more about them you can check out this link
http://www.antandsons.com/takesalook/thestockster/

[Livana]

Thanks Doyer - I actually found out pretty quickly why IFLB had gone up so much so fast on Friday.  Knowing that it was being pumped by thestockster made me want to get out even more: the price isn't going to stay up there very long and soon will go back to ~ 0.02

One thing that disturbs me in the article you just posted:

Keep in mind, however, that according to the Securities and Exchange Commission, pump and dump schemes often originate from "messages posted that urge readers to buy a stock quickly." In reality the promoters of these stocks sell their shares after the stock price is "pumped" up by the buying frenzy they create. Though once the hype stops, the stock price usually plummets and investors lose money. While TheStockster's recommendations may provide movement for traders to profit from, do not be left holding the bag.

Now from Investopedia (http://www.investopedia.com/terms/p/pumpanddump.asp):

Pump and Dump
What does it Mean?    A highly illegal practice occurring mainly on the Internet. A small group of informed people buy a stock before they recommend it to thousands of investors. The result is a quick spike in the price followed by an equally quick downfall. The people who have bought the stock early sell off when the price peaks.

Why aren't those guys shut down??
.. and thank you for the article

[Lucas Scott]

It is very hard to distinguish a pump and dump from a hidden gem. 98% of OTC stocks can be considered pump and dumps because most of them eventually give back all their gains and then some. Stockster is just one of hundreds of p&d sites. Sometimes a stock looks good technically and has some news coming and we think it's legit, but it's really being promoted by some site we don't know about. That could be the case with the latest EliteG pick NIHK. We may be unwitting participants in a p&d. Who knows? Time will tell. The only way to avoid the p&d's is to avoid all OTC stocks, or at least avoid any OTC stock whose financials are lacking. But what fun is that?

GO IFLB!!

[Livana]

Agreed Lucas, but as far as IFLB is concerned, they had a product that looked good at first (Phantom Game Service), but it just got delayed. They release a product in the meantime (Phantom Lapboard), which is really just a fancy keyboard.

Financially, the company has not had any revenues (not profit, just revenues) for the past 4 quarters, which mean they are not selling anything.

There also seem to have been quite big insider selling since the beginning of the year.
http://www.secform4.com/insider/showhistory.php?cik=IFLB

I know what you are saying about OTC being pump and dumps. But some are a little more 'reliable' than others, and IFLB just doesn't feel that way anymore for me...

[doyerdiligence]

yeah and iflb now has 5mill in convertable debentures they can take advantage of, so who knows how this will play out but i would surely be taking profits on the stockster pump, and like all other stockster pumps i would not want to be holding the bag when they leave.

All this pump and dump talk is really what gets investors shaken up and sometimes selling or buying at the wrong points. Thats why lately i ignore news or overzealous investors and look strickly at cashflow and liquidity, from there you can identify the trend and the rest becomes like clockwork. getting caught up in the pump and dump aspect of it will just make you an emotional wreck. Nothing to do but learn the ways as best as you can, even if they are P&D i guarantee there are still people making some huge coin playing the OTC.  Shoot, if you want, you can think of the entire market as pump and dump. It's  just the OTC is more fishy and volatile, less rules and restrictions.

[Lucas Scott]

Well, hopefully the IFLB pump will last long enough for me to catch a double or triple. I look at two other recent pump plays -- AXIGE and USXP -- that put a lot of coin in the early birds pockets and hope IFLB can do the same. When USXP hit .04 today it was a 40-bagger in 1 month I lost a little coin on USXP a few years back. I think I was in at .07 and out at .05. What a monster drop. From 7 cents to 7/100 of cent in two years - a 99% decline! That's a definite sign of a POS company. Now they're buying oil and gas companies? What a joke! 40-bagger, unbelievable. Anyway, no doubt a pump job kicked off that move. Hoping IFLB has a few bags in it. The nice thing though is I have some cushion, having bought at .035.  So that's a bit of a safety net.

[Livana]

Lucas - all the best of luck to you with IFLB 

[Lucas Scott]

I see the Stockpumpsters reco'd the stock on 2/24. When I look at the chart prior to that day though, it had a nice bullish setup. In fact it made my "OTC 10-Bagger Watchlist" on the weekend of Feb 18/19. I keep this watchlist as my public list at Stockcharts.com, and it's a collection of OTC stocks that look ready to rock: http://tinyurl.com/g9ka9

I am emboldened by the fact that IFLB had a bullish setup prior to the Stockster reco. Unless there was another pump & dump group promoting it in the months prior, IFLB was showing signs of strength on its own merits. 

[doyerdiligence]

oink oink
at least take SOME profit while it's good for the taking - you know 'stockster' is

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