Penny Stock Videos Present: the “Funny” Rise and Fall Story of Gold American Mining Corp. (OTC:SILA)

Posted by on Aug 06, 2010 | No comment

You can get good advice as to how to avoid getting burned in your penny stock investing, as penny stock videos can teach you technical analysis and can give you tips how to analyze stock charts profoundly. But unfortunately, not every video on penny stocks is a story of success. Videos can be found from people who lost all of their invested upon penny stock alerts money, and as the small caps market is, makers of penny stock videos have enough sources of inspiration.

Not without a reason under $5 stocks are associated with pumps and dumps and are the favorite stock picks of speculators. Recently, a Web site for penny stock videos presented in a funny way the latest moves of Gold American Mining Corp. (OTC:SILA) and other similar speculative stocks. Though, such videos can not only make you laugh, but also cry, if you just loaded some shares of that art.

Gold American Mining Corp. (OTC:SILA) was a hot pick for a cool video on penny stocks. Its price tanked another 4.21% to $0.91 yesterday. But as the chart depicts, that particular small cap stock got in action previously as soon as some promoting began. And the action resulted in an over 30,000 times market overvaluation. The “funny” story of SILA and its multi-talanted CEO, both famous for their empty promises in all penny stock forums, is only one of many. Further remarkable stories about companies printing unlimited number of new shares and about stocks rising on the latest press release and tanking a couple of days later are also available on the above mentioned site.

SILA’s main activity over the years was to change its name, accumulate debt and raise unfounded hopes for huge silver/gold gains among investors. The only thing SILA has is an option to acquire and develop some mining claims, but unfortunately no cash to do whatsoever about this option. So, the only affordable option left is to issue press releases and fuel further investor hype, being obviously the only way to secure the needed funds and be able to have some business to promote.

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