I’m sure you have heard of the Pre Promotion Stocks newsletter by now so i’ll give a quick overview of their unique value proposition and then we’ll talk about whether this trading strategy is a legitimate service or just another online hoax.

The concept of Pre Promotion Stocks is really, really simple. They send an email that tells you about penny stocks that are very likely candidates for near future stock promotions. For the penny stocks that do get promoted, Richard Appel’s subscribers have the opportunity to buy before the paid newsletters start pumping the stock. 

In other words, his subscribers buy the stock in the “Pre Promotion” phase (before the stock promotion starts) and then sell it during the “Pump” (when paid newsletters start their campaign).

It’s a very sound trading strategy… but does it work?

On the http://www.PrePromotionStocks.com website Richard Appel documents 5 trades that gained an average of 114.6% per trade:

ETEV gained 24% over one weekend in late 2009; ARTS bought on January 4th, 2010 for a 157% gain; GRPR bought on April 15, 2010 for a 57% gain; ZLUS bought on May 7, 2010 for a 31% gain; and BLGW bought on January 27th, 2010 for a 170% gain.

(Like I said earlier, these 5 trades were documented in a video on Richard Appel’s site).

But i’m a skeptic, and I wanted to go beyond these 5 trades so I invested $124 into a lifetime subscription of Pre Promotion Stocks (didn’t have anything to risk, they have an iron-clad, no questions asked 100% money back guarantee).

During the past 7 weeks from July 10th – August 30th Richard Appel alerted the following “Pre Promotion Gems” (his highest level of confidence):

SILA was alerted on July 12th at $0.77 and hit a high of $1.21 for a potential 57% gain; CRPZ was alerted on July 22nd at $0.28 and hit a low of $0.15 for a potential loss of 47%; HELI was alerted on August 16th at $0.062 and hit a high of $0.113 for a potential 82% gain; KHGT was alerted on August 23rd at $0.20 and hit a high of $0.40 for a potential 100% gain (then it collapsed back down to $0.20 for a break-even trade); MYNG was alerted on August 27th at $0.19 and it’s unchanged since then.

Out of these 5 “Pre Promotion Gems” I received over the course of 7 weeks, 3 were big winners, 1 was a big loser and 1 was unchanged.

Hypothetically, if I started this 7 week stretch with $5,000 and re-invested all proceeds it would have turned into $15,144.22 (keep in mind this does not account for trading commissions).

And to give Richard Appel a bit more credit, all 5 “Pre Promotion Gems” went on to be promoted by numerous stock newsletters. Apparently he does know how to find upcoming stock promotions after all.

So there’s my take on Richard Appel’s “Pre Promotion Stocks”. It’s not a flawless trading strategy but it’s far superior to James Connelly’s Penny Stock Prophet. I did make a hypothetical profit and I always felt like his intentions were in the right place (he doesn’t get compensated for picks, he doesn’t use hype and he tries to explain all his rationale in great detail).

Hope this helps anyone out there thinking about investing in Richard Appel’s www.PrePromotionStocks.com trading system.

- About the Author: Jenn Rayne was employed with the Boeing Company as an electrical engineer before getting laid off in 2009. Since then she has done consulting work as a freelance writer and has taken a keen interest in learning the finer details of stock trading using technical analysis. Article Source

Sierra Leone has been a major diamond producer for 70 years, but it has one of the lowest Gross National Products in the world. Civil war ravaged the country from 1991 to 2002, primarily over the distribution of wealth from the country’s diamond mines. Currently, the mining business in Sierra Leone includes about 2,500 small operations. In 2007, Sierra Leone officially exported over $175 million worth of diamonds, government records show. That is a vast improvement over the $24 million officially exported in 2001, before stringent new rules known as the Kimberly Process required diamond deals to be certified by the authorities. Diamond New World reported that Sierra Leone exported $35 million worth of diamonds in the first 5 months of 2010, indicating a 25% increase over the corresponding months in 2009. Dolat Ventures Inc. (OTCBB: DOLV), through its wholly owned subsidiary Dove Diamonds & Mining and Millennium Mining LLC, intends to mine, sell, market, cut and distribute its diamonds and gems from Sierra Leone. The company is currently trading at $.15, up $.05 or 50%.

On June 1st, Millenium Mining, located in the heart of the Sewa River in Sierra Leone, announced that its first tests of its washing plant have brought in 300 stones that are in total 187 Carats. The largest stone found was 6 carats and initial tests have averaged .40 carats per ton with over 80% gem quality. The stones found in these first tests were mostly white with a few smaller yellow and green stones with an estimated market value, after polishing, of $65,000. The average stone found in the 1st test averaged .62 carats.

“These initial tests have been very successful and with our finds averaging 0.40 carats per ton with the one- six carat stone found worth $ 40,000 after cutting. All of these stones were found over the course of a few days on a very minor test run. As we move our operating capacity up to 1500 tons of gravel per day we can expect by using these test numbers to average finding 600 carats of diamonds per day,” added Mr. Hauck. “At these numbers and with the cost per carat averaging around $250, we will expect to be doing close to $4 Million dollars in total sales per month. With the new equipment that we have already purchased and installed we expect that these numbers will become the average very quickly in the upcoming months for Dolat Ventures,” Mr Hauck declared.

To view this article at World Market Media click on the link below: http://www.worldmarketmedia.com/779/section.aspx/1914/post/dolat-ventures-inc-otcbb-dolv-trading-at-50

- About the Author:   About World Market Media:WorldMarketMedia.com (The Global Online Investment Community) is a high traffic stock market, news data website providing cutting edge new media products and services to publicly traded companies worldwide. Our Editor’s Desk authors insightful real-time coverage on the economy, the capital markets and their listed companies. Article Source