At the end of last week, TGI Solar Power Group, Inc. (PINK:TSPG) stock managed to bounce off the deep bottom hit on Tuesday. Today, the stock will get pumped again by a stock promoter and by one more press release from the company. 
Friday’s session closed with a share price of $0.0014 for the stock and a trading volume of 5.26 million share. That last closing price represents a 7.69% jump from the previous close, yet it is interesting that it came shortly before the end of the session, exactly as TSPG issued a new press release. That created a good starting point for today, with the RSI reversing and pointing upwards and the MACD also forming a possible bullish cross.
Shortly before market close on Friday, TGI Solar Power Group published something that started like an update, but actually contained only the information that the company is working closely with its major shareholders on the recent volatility and the forming downtrend of the stock on the market. Further, the PR provided an overview on TSPG recent business which might have been valuable for some traders that heard of the stock for the very first time.
All the others, however, probably know already that TGI Solar Power Group is not filing financial reports with the SEC since 2007, and that it is highly questionable if the entity has any business at all. Founded in 1967, the company claims now in its latest available report that it is pursuing the acquisition, development and distribution of next generation green energy products.
With $12 in cash and $15,000 in property and equipment as of end-January 2011, it looks like that new business might not commence soon. The stock promoter have completely ignored that, however, and have sent on Saturday new promotional e-mails to recommend TSPG as a “super bounce” for today’s session, compensation for the mails being $100,000.
