24 cents to $1.02 in one month – NHURHi Guys,
I was going through this article about this teensy company in Oil and Gas industry – Northumberland Resources Inc (NHUR).
http://www.financiertimes.com/2013/04/22/how-can-passive-investors-exploit-the-kansas-oil-boom/?p=1674&form=1
Anyone has any idea how good the company is and is it a good bet? I do not have any knowledge about Oil and Gas industry and one of my recent gambles on HRTPY was a disaster. So, any help is appreciated.
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This is a stock that’s rising at least in large part because of “investor relations” PR campaigns. Don’t know anything about the company, haven’t looked at them at all, but it’s always good to be extremely cautious about microcap stocks that rise dramatically because of PR campaigns — those campaigns end eventually, and generally the stock collapses if it’s a pump and dump by outside investors or it’s a company that’s raising its profile in order to sell more stock at a higher price. Don’t know if this particular one meets those criteria because I haven’t researched it, but here’s an excerpt from the Billionairestocks.com disclaimer that should give any investor pause:
Always, always read disclaimers, particularly if someone sends you a “free” stock tip.
Thank you very much Travis. That piece of information is a really good advice for novice investors like me.