BBLKF.pk... What's Wrong With The CAPS Community?
Brittannia Bulk Shippers have suffered a severe decline this year, losing 99.96% of their value, as the stock fell from well north of $10 to 0.01 most recently. However, the CAPS community was overwhelming bullish on this stock... it still, even at 1 cent, maintains a 5 star rating. What a hidden gem indeed! There are still 85 outperforms including 8 all-stars on this thing--and not a single bear. While it makes sense that a bear would have cashed the points and left, the stock only accumulated 11 total red thumb picks in its entire sordid history (there are still 85 active green and a bunch of closed green thumbs to boot). The CAPS rating was 5 stars the whole way down the slope to 0.01. Unlike DRYS, which the CAPS community understood to be a bizarre hopeless bubble, this sinking stock failed to garner even a mild amount of skepticism from the CAPS community.
Disclosure: GMX never rated BBLKF.PK and thus is not a hero nor a villian in the Brittannia 5-star rating debacle.
It should be noted that some of the people playing this were clearly just in it for the adventure, CAPS finest penny stock gambler Bravobevo (who gambles on penny stocks to tout Jesus--odd combo; vile penny stocks for God!--but that's another topic for another day) ate it (and deservedly so) on this junk. But real 99+ rated all stars such as redfox18 and patelk10 fell for the Brittannia scam. I'm a bit concerned for CAPS when we give and maintain 5 star ratings on stocks that fall from double digits to a single penny within months--we may have a bit of soul-searching to do to see how we allow such trash to maintain our coveted stars. (While this stock is particularly gruesome, it is embarrasing how many complete piece of trash mining and oil companies that have prospects on paper only continue to have a lot of stars. Even with my faithful CAPS stalkers WilyInvestor, Semper77 and Sheepinvstr213 redthumbing Allied Nevada Gold, we only have it down to two stars (from a patently absurd 4 stars). ANV has about as good a chance of hitting it big in gold mining as I have getting a job as a rock star (I have a face for radio and a voice for magazines.) The fact that junk like BBLKF.pk and ANV are not universally red-thumbed show a disturbing lack of intelligence within the (hopefully) sophisticated CAPS community.