{"id":291,"date":"2013-03-18T11:22:00","date_gmt":"2013-03-18T11:22:00","guid":{"rendered":"\/?p=291"},"modified":"2013-03-25T19:35:14","modified_gmt":"2013-03-25T19:35:14","slug":"pumps-officially-over-for-red-giant-entertainment-inc-pinkredg","status":"publish","type":"post","link":"\/articles\/pumps-officially-over-for-red-giant-entertainment-inc-pinkredg\/","title":{"rendered":"Pumps Officially Over for Red Giant Entertainment, Inc. (PINK:REDG)"},"content":{"rendered":"

\"2REDG_chart.png\"The entire Internet trader population has pretty much figured out Red Giant Entertainment, Inc. (PINK:REDG<\/a>) is a pump job by now, if discussion boards are any indication of awareness. After closing at precisely $0.03 or 6% down on Friday, REDG<\/a> stock is once again sliding down a grease-slicked incline in early trading. <\/p>\n

Offshore promoters Victory Mark have officially abandoned ship and left REDG<\/a> all alone. After promotional emails from Victory Mark’s children, Select Penny Stocks and Penny Stock Heroes, stopped coming on March 12, REDG<\/a> went mostly silent as well. Now the promoters have a new best friend in the face of Goff Corp. (OTC:GOFF<\/a>), and it seems they will be engaged pumping this one for a while.<\/p>\n

The company’s last effort to spruce things up with a press release in the absence of promoters fell through as well. The announced publishing deal turned out to be REDG<\/a> hyping what could hardly be regarded as news, as the printer turned out to be a company founded by REDG<\/a>‘s CEO and one that has been partnering with Red Giant for quite some time.<\/p>\n

We monitored REDG<\/a> and the email pump campaign as it unfolded, and warned our readers while they still had a chance to hop on a lifeboat and avoid a nasty loss. Hopefully, some managed to see the red flags blowing in the wind on time.<\/p>\n

\"50REDG_logo.jpg\"What remains to be seen is how Victory Mark and its offspring intend to pump GOFF<\/a>, with a track record consisting of three pumps in a row that failed horribly, namely PubCrawl Holdings, Inc. (OTC:PBCW<\/a>), VuMee, Inc. (OTC:VUME<\/a>) and now REDG<\/a> added to the list. It seems, though, that the past performance of the pumpers makes no difference and they can push anything to the more gullible among traders, as REDG<\/a>‘s rise and fall showed once again.<\/p>\n

REDG<\/a> is currently another 8% down in early trading, at $0.027 per share, roughly 90% down from the $0.20 pump spike.<\/p>\n

Our only bit of advice remains the same – do your own research and don’t trade on hype and paid advertisements for any given stock.<\/p>\n

\"\" <\/p>\n","protected":false},"excerpt":{"rendered":"

The entire Internet trader population has pretty much figured out Red Giant Entertainment, Inc. (PINK:REDG) is a pump job by now, if discussion boards are any indication of awareness. After closing at precisely $0.03...<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[14,33,12,13],"class_list":["post-291","post","type-post","status-publish","format-standard","hentry","category-news","tag-goff","tag-pbcw","tag-redg","tag-vume"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=291"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/291\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}