{"id":862,"date":"2013-01-10T09:36:00","date_gmt":"2013-01-10T09:36:00","guid":{"rendered":"\/?p=862"},"modified":"2013-03-25T20:14:45","modified_gmt":"2013-03-25T20:14:45","slug":"usa-graphite-inc-otcusgt-pulls-back","status":"publish","type":"post","link":"\/articles\/usa-graphite-inc-otcusgt-pulls-back\/","title":{"rendered":"USA Graphite Inc (OTC:USGT) Pulls Back"},"content":{"rendered":"

\"3USGT_chart.png\"USA Graphite Inc (OTC:USGT<\/a>) has proved that a company doesn’t need assets, revenues or any kind of proof it can make money to get to a market valuation above $100 million. All it needs is a massive pump campaign. <\/p>\n

The problem with pumps is that they eventually crash and leave believers holding the bags. Right now the question is has that time come for USGT<\/a>. Yesterday it closed down 5.7% at $0.894 on 2.3 million shares. Pre-market trading has been volatile and it’s not clear whether the USGT<\/a> pump is done.<\/p>\n

Stock Castle and the other newsletters behind the pump job are calling yesterday’s performance “healthy price action.” They are also saying USGT<\/a> will resume its journey up. While that’s a possibility, it may very well be the start of the end for USGT<\/a>.<\/p>\n

The company could back up the pumpers by issuing another optimistic press release. It has been silent since Jan. 4. The shadier part of the USGT<\/a> pump is still active too. We have received new spam emails touting USGT<\/a>.<\/p>\n

\"10spam.png\"<\/p>\n

Graphite and graphene may indeed be an integral part of future technological advances, but traders should keep in mind that at this time USGT<\/a> hasn’t mined any graphite. So far the only thing the company has to offer is shares of common stock.<\/p>\n

Since the pump began in December, we have warned our readers plenty of times of what is the reason for USGT<\/a> to go up. Pump jobs don’t last forever and you don’t want to get caught up in one.<\/p>\n

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

USA Graphite Inc (OTC:USGT) has proved that a company doesn’t need assets, revenues or any kind of proof it can make money to get to a market valuation above $100 million. All it needs...<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[72],"class_list":["post-862","post","type-post","status-publish","format-standard","hentry","category-news","tag-usgt"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/862","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=862"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/862\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}