Investors most likely still remember the last time Next 1 Interactive, Inc. (OTC:NXOI) received a promotion. It happened on Aug. 23 and created a hype which ended with a 390% price jump NXOI stock.
Unfortunately, the stimulation of the promotional campaign, artificial as it is, was but an ephemeral one and the stock quickly dropped down to its previous level.
Thus, in the last session NXOI once again hit the $0.01 during the intraday trade and finished at $0.012 after nearly 3.8 million shares of the company’s stock changed hands. This is the same level from which NXOI was launched in the skies by the promotion back in August.
And guess what? Now that NXOI has corrected completely the huge gain from that period, another promotional campaign is knocking on the door.
The campaign apparently includes more promoters this time, because apart from the already known Sizzling Stock Picks this time the game has been joined by other names such as NYC Marketing Inc, 365 News Media and others.
The total compensation for the newsletters on NXOI exceeds $35 thousand, of which $10,000 were paid to NYC Marketing and $25 thousand to 365 News Media. Sizzling Stock Picks had been compensated $2,500 for their newsletter.[BANNER]
Some promoters disclosed the third parties in the promotion, while others didn’t specify who paid them. So, the known sponsors of the campaign were Wall Street Hustler and G6 Stocks.
A rule of thumb in the promotional field is that a consecutive promotion is less effective than the initial one, so it is unlikely that investors will witness the August scenario again. Moreover, promotions very often bring an unexpected havoc to the stock.
Anyway, NXOI will most likely bring enough speculative opportunities, both short and long, on the table after the campaign.