After the market witnessed the natural post promotional correction on the chart of Bizrocket.com Inc (PINK:BZRT), it seems that another promotional wave is coming again. This time it was only a short trade alert, but still worth paying attention to
.
This time BZRT have apparently changed their choice of promoters and have hired Wise Alerts to carry out the campaign. In this respect, a trade alert arrived yesterday after BZRT closed the session with a sharp dip down. The promoter, however, saw an opportunity in the decline instead of disappointment.
Actually, Wise Alerts promoted the company on Sunday and implied that the stock rose 35% after the alert. The interesting part, though, comes at the bottom of the newsletter where the promoter admits to have received $10 thousand as compensation without disclosing the paying party.
Yesterday, BZRT filed its financial report, which reveals a balance sheet with zero assets and $2 million liabilities. It is obvious that the company didn’t spend much time to compile the report as there is an obvious mistake in the financial statement which indicates an additional $164 thousand that are not further calculated in the net loss. [BANNER]
For now, the stock appears to be headed to the oversold area, which may give some support to the promotional back up of the company. In addition, as I predicted a couple of weeks ago, the stock found support at the 200-day MA and now it should be observed if BZRT will manage to make a strong penetration of the line.
At this point, the market must monitor if BZRT will justify the statement of the promoter, or it will succumb to the diminishing market interest. The true scenario can be revealed only by the market in the future.
