After setting foot on the $0.16 support, Avix Technologies, Inc. (PINK:AVIX) has apparently realized it is time for another promotion of its stock. In fact, not even a week has passed since the last time the company was promoted that another bunch of newsletters on AVIX started to arrive in our database.
While it was not clear who stood behind the previous promotion of the company, this time the name of the third party was not concealed. The entity who paid for the advertising program is called Argolis Advisor.
This time, much more money has been poured into the campaign. On one hand, we have a $35 thousand promotion led by Stock Psycho, and on the other hand we have a $15 thousand one led by Liquid Tycoon. The newsletters issued by these promoters appeared yesterday after the end of the session, so the effect of the program will unfold in the coming session.[BANNER]
Meanwhile, at the end of last week AVIX announced yet another letter of intent. The letter outlined the intention of AVIX to acquire Digital Holdings inc. The announcement, however, didn’t produce any effect on the market.
In the last session AVIX surged 12% to $0.18 on a volume of 136 thousand, which is above the daily average. Thus ABIX managed to retain the line at $0.16 as a support. The next session, however, will be affected by the promotion. That may bring more volume into the trade, but also more volatility.
