Steve Angelo! Warning for investors: Beware of pennystocks like GOLD X If you are thinking about investing in gold-silver or resource pennystocks, be careful. The vast majority of pink sheets and pennystocks with five letters in the ticker will never become commercial mines. Rather, these stocks are traded to generate money for the owners as well as to pull off a pump and dump for websites and initiated investors. There is a stock called GOLD X that is currently being touted. I would not buy this share even if I were given money to buy it. GOLD X, formerly known as Sandspring Resources, did an 8:1 reverse split (reverse stock split), driving its share price above $2 on the Canadian Stock Exchange. When a company changes its name and does an 8:1 reverse split, it means it is poised to screw over a new group of losers. And of course it will get a new group of losers to invest in, because every day a new loser is born. So if you want to throw your money down the drain for the chance to strike gold with a penny stock, GOLD X is an excellent candidate. However, you would be much better served buying physical gold and silver than wasting your time on worthless penny stocks. Steve St Angelo (SRSrocco)
What to make of this stock? Sandspring Resources | wallstreet-online.de - Full discussion at:
https://www.wallstreet-online.de/diskussion/1160993-341-350/was-soll-man-von-dieser-aktie-halten-sandspring-resources#beitrag_62322611
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