Avoid Penny Stock Recommendations!

Here's an interesting story I would like to share with you all:
   Amwest Imaging AMWI is your normal penny stock, trading at 5 cents per share, not much info, not much news, not much fluctuations, not qualified to be in the NYSE.
Last November, someone bought lots of AMWI, and then paid thirty thousand to an owner of a bogus penny stock newsletter, requesting him to PUMP the shares by writing a recommendation, and sending it to people who sign up for their bogus newsletter, or random email addresses.
   Soon, AMWI was soaring, 30 cents, 50 cents, 75 cents as people continued to buy it. On one fateful day, it soared to a high of $1.50 or maybe higher, then PLUNGED, without warning to a meager 25 cents, rebounded slightly then ended the day. Yes, the person sold most of his shares.
   Many lost money, I have heard of retirees losing up to 100K on these bogus recommendations.
   After the big plunge, these bogus newsletters gave some more excuses just to attract more people to buy some more for the last time. With one final thrust up in the stock price, the person sold all his shares, leaving more people devastated by their losses.

Moral of the story: Do not buy on recommendations, even if they seem extremely attractive.

I know because I received the bogus newsletter, watched the rise, the drop, and researched about penny stock pumping after that.