The Pumpers and Promoters

By Travis Johnson, Stock Gumshoe, September 4, 2009


In this Friday File space I cover a variety of things — from my favorite personal stock holdings, to regular ‘ol teaser unravelings, to investigations of worthwhile investment themes.

Today I’m straying a little bit away from that … there is one thing that really sticks in my craw that I haven’t written about for a very long time: Stock promoters masquerading as stock pickers and/or legitimate newsletters.

And it seems like some of these folks have recently been emboldened by the recovering markets to redouble their efforts to pull the wool over our eyes, and many of you have been asking me about some of these clowns, so I thought I’d have a quick look at them and try to shed some light on a few of their techniques.

The one that more of my readers have sent me than any other is from a group that use