Coastal Intgrtd Svcs (OTCMKTS:COLV) Is the New StockTips Pick

Yesterday the infamous pumper StockTips announced that their new pick is going to be Coastal Intgrtd Svcs (OTCMKTS:COLV). In order to launch the pump for the stock a landing page featuring a new video from Mike Statler has been put online. The disclosed budget for the promotion is $4.5 million and as with all Stock Tips pumps the listed paying party is Laluna Services Inc.

During the entire first portion of the video Mike Statler brags about the millions of dollars he has made trading pennystocks and if you are dealing with StockTips for the first time it may all sound rather impressive. Don’t get too enthusiastic though as on the bottom of the very same page at the end of the disclaimer you can find the following: “Mike Statler is a fictional name. The actor writing and performing under this name was compensated solely on a contract basis for participating in this campaign, therefore is not an employee of either Amerada, Laluna or a shareholder in any of the securities mentioned in this video.”

But let’s move on to the four picks that were mentioned and that are supposed to give you an idea of how much money StockTips could make you if you follow their alerts. The four companies Mike Statler talks about are Ammarium Technologies Inc (AMMG), Pan Global Corp (OTCMKTS:PGLO), Tiger Oil and Energy (OTCMKTS:TGRO), and Well Power Inc (OTCMKTS:WPWR).

Thanks to the artificial hype created by StockTips AMMG reached a high of $0.59 per share but if you search for the company or the ticker you won’t find anything because AMMG is now operating as Calissio Resources Group, Inc. (OTCMKTS:CRGP) with a share price of $0.03. PGLO surged above $0.95 but at the moment the stock is trading at $0.005, or over 99.4% lower. TGRO isn’t faring much better and from a pump induced high of $1.59 lost 98.7% and is sitting at $0.02. WPWR lost the most though obliterating 99.8% of its pump high of $0.83. All of these companies at the moment are extremely thinly traded.

Although Mike Statler states that these are his four last picks but this is simply not true. Just two months ago, in March, StockTips pumped the stock of Teluplay International Inc (OTCMKITS:TLPY). The pump was rather disastrous as the stock began crashing down after just one day. From a high of $0.26 cents the company has currently fallen to $0.0074.

The track record of StockTips clearly shows that you should take everything they say with a grain of salt. There certainly are opportunities for some quick gains but if you miss the right moment to shed you holdings the losses could be devastating. The initial hype could push COLV to new chart heights but be extremely careful when setting the time horizons for you trades.