Wrapmail Inc (PINK:WRAP) has entered thepromotional penny stocks list again as indicated by online promotional databases. The campaign has been initiated yesterday by Penny Stock General, who started touting WRAP as another member of the “awesome penny stocks” family.
So far, no press releases have been issued by the company to support the campaign. Therefore, the promoter may rely on its own strength to haul the stock.
What is most essential about the campaign is that the promoter has been compensated 1 million restricted shares for the service. It was not specified who had provided the compensation,though.
Investors may imagine the dilution effect these shares would have once they become eligible to trade on the pink exchange.
While promoters are aiming to bring more attention to WRAP stock on the pink exchange, the stock has dropped down below $0.04 per share. This was actually a new 52-week low for the company. At the same time no specific signal is coming from the MACD indicator, which is moving sideways at present.
On this ground, market speculators may build their trading strategy on the risky promotional play that the forthcoming session will offer. However, common investors may be better off if they wait for the promotional effect to pass before entering the stock.
I believe their are some chinese solar stocks that are really great values here. One such stock is sunergy symbol {csun] It currently trades around 1 dollar.
ReplyDeleteI haven't checked the company's fundamentals but I see a very nice upswing on the chart. There some signs of exhaustion suggested by the MACD but if fundamentals are good, it might be just the "breath taking" before the next move.
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