Yesterday, IC PLACES INC (PINK:ICPA) was included in the watch lists of two penny stock promoters. The promoters were Jumping penny Stocks and Smart Penny Invest.
The promotional newsletters contained a short trade alert pointing ICPA as a percentage gainer. The promoters didn’t specify if they had received money for the trade alerts.
The reason why ICPA has come across the eyes of the promoters was the share price surge of 150%. The jump happened on a trading volume of more than 6 million shares. This is five times higher than the daily average.
In fact, the trading volume has bulged up since the start of November when the stock hit a 52-week low. The $0.0025 line has tuned into a support from which ICPA bounced up yesterday.
Two days ago, ICPA announced that starting Friday, November 18th, movie fans would have the opportunity to watch interviews with the stars of “Happy Feet Two”.
Whether or not the company surged on this news, it had also received a promotional support for today. Therefore, ICPA may trade actively today as well.
