Thursday, October 27, 2011


Energy King Inc (PINK:ENKG) has waded into a correction period after the price jump from last week. As we already wrote, ENKG skyrocketed after it was promoted on Oct 18.

The stock price which ENKG reached then was $0.0035. One week later, though, ENKG stock had lost half of the achieved value. On the last session the company closed at $0.0018 after more than 33 million shares were traded.

At that point the company's promoter, Bull in Advantage, once again entered the scene with a follow up newsletter. Through this letter the promoter stated that there was a chance for ENKG to recover some of the previous gains. Investors, however, should be remained that Bull in Advantage may trade with the stock as it was disclosed in the previous promotion.

ENKG been consolidating around $0.015 in the last couple of days. So seemingly investors' attention will be focused on this level in the next days.

1 comment: