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5/6/10

Chart of the day is.....

...the six month price chart of Affinity Gold (AFYG.ob) (79F.f):



Back on December 16th, IKN ran the first of several posts on this stock. It was entitled "Identifying A Gold Stock Scam", it explained why Affinity Gold was wildly overpriced and the also the nasty future waiting for anyone stupid enough to have been suckered into the stock by bullboard chatter. Just after that post, Affinity Gold started its drop and now we find it trading at €0.066 (yup, six point six euro cents).

There are people who have made a lot of money from this scam company. Those people are called "thieves" and they are the insiders and the brokers that ran the stock. Meanwhile, the other 99.99% of people ever to have bought Affinity are now out of pocket.

So a message to the losers: Next time, don't be so freakin' stupid and learn about what your buying. DYODD dude, an acronym for "Do Your Own Due Diligence" which mean in turn that you should trust nobody nobody NOBODY except yourself. It also means that you need to get into the habit of going to the regulatory filings at places such as Canada's SEDAR and the USA's SEC (they're free, relatively easy and 100% necessary) to look at companies, because there you get to read the info the scumbags rip-off merchants have to publish by law but never want to include in their presentations and conference spiels.

In the end, it's your choice. Do you want to be a sucker all your life?