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Anatomy of an oil & gas pump & dump

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August 12, 2010 – Comments (4)

It's our old friends Mesa Energy (MSEH.OB), which we nailed as a pump and dump this past spring. Here's a Sharesleuth article with many fun details.

4 Comments – Post Your Own

#1) On August 12, 2010 at 9:05 PM, HarryCaraysGhost (84.39) wrote:

Hey Smashy,

Thanks for the heads up on mseh,ob.

Just got this E-mail from the Contrarion Press.

Sell Gushan Environmental Energy (GU)

12 August 2010; market open (The previous issue was broadcast on 8/4/10)

Preemptive Profit-Positioning:


Gushan Environmental Energy (GU NYSE): $0.75 X $0.77On 28 January 2010, I announced a preemptive buy-signal on Gushan Environmental Energy (GU) at the $1.28 per share range.Gushan Environmental is a leading producer of biodiesel in China. In recent months, the company has done a very poor job in keeping its shareholders up to date on current operating developments, which has resulted in a faltering share-price. Furthermore, the company is scheduled to release its second quarter financial results next week, and the current news vacuum gives us pause from a shareholder perspective. The company may also be in jeopardy of receiving a second delisting notice from the New York Stock Exchange as a result of a prolonged GU share-price below the NYSE-mandated $1.00 per share mark.In our opinion, it is prudent to step to the sidelines now rather than await the company’s Q2 results. If results come in below analyst expectations, the GU share-price will likely fall further with an even steeper uphill path to regaining sustainable upward momentum.We are recommending the immediate closeout of open GU share positions at current price levels. The most recent GU price was approximately $0.75 per share. This completes our strategic coverage of Gushan Environmental Energy.

Wow! can anyone say ass-covering ;) And how is this Preemptive Profit-Positioning:looks like a .53 cent loss to me. Keep up the good work my freind.

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#2) On August 12, 2010 at 11:23 PM, HarryCaraysGhost (84.39) wrote:

Can't believe how many Fools Green Thumbed  GU. I've never gone wrong Red Thumbing any stock that the Contrarion Press mentions.

So this could be a points bonanza ;)

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#3) On August 12, 2010 at 11:43 PM, HarryCaraysGhost (84.39) wrote:

Sorry man, not trying to hi-jack your post, just one more thought-

I suppose it's possible that the Contraion Press is shorting this stock,since this is the first sell rating I've ever seen. Given the amount of green thumbs there is obviously interest in this stock and they may be trying to keep the price low (avoid short covering).

Whatever, I still say the stock is garbage and if it takes a year to get to zero, so be it.

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#4) On September 26, 2010 at 5:20 PM, XMFSmashy (99.79) wrote:

Update on MSEH.OB:

Now being investigated by the SEC for improper sales of unregistered securities.

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