Yesterday, Double Eagle Holdings, Ltd. (PINK:DEGH) got into the newsletter of a stock promoter. The effect of the letter will spread on the stock today.
The letter came at a moment when GEDH was sucked into e negative technical break out. Since last Friday, DEGH has been declining. In the course of this period, DEGH has dropped down from $0.30 to $0.20.
In the last session, DEGH fell 5.70% on a volume of 650 thousand shares. The short volume consisted of 342 thousand shares as shown by the FINRA website.
As to the promotion on the company, the entity who had initiated the campaign was Insane Stock. The promoted explicitly said that there was no compensation for the newsletter but taking a second look on the disclaimer thing become different.[BANNER]
The owner of Insane Stocks, Our hot Stock Picks, admitted that he “may” be a buyer of DEGH in the open market. This means it is possible that there is still interest towards the manipulation of the stock price.
The impact of the promotional efforts towards DEGH should be taken into account by investors who plan to speculate with the stock.
