Stock Castle and Co. Still Touting USA Graphite Inc (OTC:USGT)

It seems the pumpers at Stock Castle were just resting during the long weekend. They resumed the pump on USA Graphite Inc (OTC:USGT), but in early trading the stock is taking a beating.

This is not the first time USGT has had an abrupt crash. On January 10 it closed down nearly 23%, but then it recovered, although it didn’t reach the same highs. This time things may be different.

For those that cared, the warnings and the due diligence have been available since the very start of the pump. However, it’s not people who are interested in due diligence that provide the fuel for such pump jobs.

Still, as time passes more and more people realize what the real situation is. Some of the investors who were initially blinded by the promise of a quick profit and even bigger gains in the long run, wise up to the fact that USGT just doesn’t have anything tangible to support the current price levels.

Ultimately, USGT will join the list of pump jobs that turned out to be costly investments for inexperienced and trusting traders. Just like Premier Brands Inc (OTC:BRND) f.k.a. Tracksoft Systems Inc, USGT will be a valuable lesson for those traders.

USGT wasn’t the first pump of the group carrying out this campaign, nor will it be the last. When the next one comes out make sure you’re fully aware of what you’re getting into. At the time of this writing USGT is down 18.83%.