IJJ Corp. (PINK:IJJP) stock has been moving within a trading channel for quite some time now without any news or recent announcements from the company. Today, however, the stock is likely to break out if its first promotion exerts any positive effect on the market.
IJJP closed yesterday’s trading session with a 25% increase in the share price at $0.000r on a very low trading volume of 4.77 million traded shares, which is only a small part of the daily average volume of 23.7 million shares. Such an increase in IJJP value has been within the usual price range in which the stock moves right now. As there is no clear trend on the chart a promotion could have quite an effect on the market.
Another factor is that IJJ Corp. has not been promoted so far, thus the first promotional e-mails on the company that were detected by our newsletter system could actually move the market today by attracting attention to the unpopular stock. We have so far a total of 2 promotional e-mails by two different stock promoters. One received $5,000, the other one $1,000 as compensation.
Compensation is lower than third parties usually pay, which does not speak in favor of either the promotion itself or the company being promoted. Even if the share price surges up at market open today, it is likely to drop back down afterwards, causing severe losses to traders who did not manage to get out on time.
IJJ Corp. total assets as of end-October last year are even lower than its market cap of $311,442 as reported on OTC Markets page, thus it would be ridiculous to expect that any kind of promotions could have a sustainable positive effect on the stock.