Avatar Ventures Corp. (OTC:AVVC) got stuck in a trading range recently, although the promotions keep running at full speed. The latest e-mails will try again to heat up the trading today, and AVVC also promised major news for tomorrow. 
Yesterday AVVC closed at $0.98 with a 4.37% increase from the previous day. Trading volume was 320,960 shares, a small part of the daily average of 1.51 million shares and suggesting that AVVC stock is losing more from its popularity. That could reduce its chances to make one more promotional breakup above the $1 level, though the promoters do not give up yet.
The promotions for AVVC have been countless and, as the chart would suggest, they started exactly on April, 19th. Our data shows 39 promoting e-mails this month only, the paying parties having spent almost $227,000 on advertising the stock of Avatar Ventures Corp. The last two alerts came up yesterday evening and they could possibly affect the trading session today.
One more thing will probably also hold traders’ attention over the next two days. Yesterday, Avatar Ventures announced that it has entered into an agreement with a private company to develop “an innovative interactive mobile SMS (short message service) platform targeted to small- and medium-sized business”. AVVC also said that the site should get initialized by Friday, May 20.
Positive announcements of that kind have been plenteous recently, though they look more likely to limit AVVC upside potential instead of extending due to their lack of credibility. Last month, the company said it has raised $500,000 through a private placement and that it expects to acquire an unknown privately held company engaged in the development of mobile software applications by end-June 2011.
All these statements remain as of today unconfirmed and there is no additional data about AVVC business that could move the share price substantially. So, it looks like the company will have to rely on the promotions to raise the value of its stock for a day or two since investors could hardly believe that the announced yesterday new project will finally bring solid returns.
