NXTH | Pump and Dump of the Year
NXTH Pump and Dump
I have been watching NXT Nutritionals Holdings, Inc. (NXTH) for quite a while. It has been perfectly pumped up 5 cents or so every single day for a month. I knew it would eventually crash so I was always looking for shares and found some a few weeks ago at around 2.50 to short. Well the NXTH continued to rise and at $2.69 so I covered the short and took a small loss and watched it go up.
Today I decided that if I can’t beat them I would join them and I would buy a bunch a shares at 3.44 and hold for a day or two and sell in the 3.60 range. The stock was so steady; I figured the risk of the crash over the next two days was very low. I put in a buy order for 5,000 shares with Ameritrade but the order was rejected and I got a message that trades with NHTX needed to be placed over the phone. I looked for the phone number but then noticed the stock price starting to jumping around a bit instead of the slow steady climb I was accustom to seeing and held off on my purchase.
Then no more than 5 minutes later the stock started to plummet. I always joke that I have a knack for buying a stock at the exact turning point but this would have been ridiculous (and expensive)
How did this NXTH go up for 30 days straight then plummet 60% out of the blue? The prevailing theory is a group of investors and promoters kept buying this stock each day, sucking other people in along the way because of the nice steady uptrend. Then today they decided to start taking profits. Then with the first 2 cent down tick the panic started and stock spiraled into a crash. If you look at the monthly chart, it is the cleanest uptrend chart I have seen until the inevitable crash.
I had an alert set to notify me the second the stock dropped two points. I immediately tried to short at $3.10 but of course no shares were available. I was not able to make money on the crash, but at least I did not lose like many traders out there did today.
The moral of the story is with every pump there is a dump – eventually…
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About the Author: I have plenty of sites that talk about making money on the web. I figured it's time to start a site that talks about saving money on the web. After all, a dollar saved is pretty much the same as a dollar earned.
what do you think of AMLM and AMNP are both the same category as NXTH. They look like genuine companies.
Your joking right? These two penny stocks are promoted by the same people. Go to http://bit.ly/4k4aXd – AMLM Promo – scroll to the bottom read the fine print. Then go here: http://bit.ly/49jOao – AMNP Promo – and also go to the bottom and read the fine print. They make the disclaimers very small font and an image so it can’t be indexed by the search engines and you can’t easily make the font bigger so you can actually read it.
NXTH was less blatant about their pump. But still a pump is still a pump.
I own NXTH and cannot believe whats going on. Their board of directors is the dream team of big business. Recvd their product sample and its good. Why all the slam? Someone tell me whats the deal here. Pump/dump only ?
hotrodder,
Please do yourself a favor and read the NXTH public SEC filings. Then decide for yourself.
pp
THanks for the quick response and good advise. Can you tell me anything about Sykes?? See his name all over NXTH to dump ?? for reasons I can’t understand.I have personally called the company because I am in for some serious money for me and was concerned. Their response..”they are not responsible and they are aware that there are short sellers working the stock” Is he an insider ?? Someone is trying to destroy them ???
Don’t know but think I will have to sell soon ?? unless I can get some real HONEST answers. I do like their product, what it represents and the health benefits..thats my problem!
You can find plenty of info on Tim Sykes here and his website. He just reads the public documents on stocks as we all should.
Read the SEC files if you want the truth. It may take a few hours but all the information is there, free.