A newsletter containing an extensive profile of MC Endeavors Inc (PINK:MSMY) and its management arrived in the promotional database of Hotstocked yesterday after the session. The company was profiled by Hot Shot Stocks who was compensated $5,000 for the service.
The campaign, which would last 90 days according to the newsletter’s disclaimer, was not order by MSMY itself but by a third party whose identity was not revealed by the promoter.
MSMY stock is currently in a period when there has been no news or reports or even gossips to keep the speculative fire going. The stock has been let to free float in its current trading range.
Since last week. MSMY has been steadily declining after it hit a resistance at the 50-MA. The stock weakness was additionally underlined by its inability to penetrate the four-day moving average.
However, for the same reason market speculators may be expecting some sort of rebound especially now that MSMY has reach the support at $0.08.
On the last session MSMY shares dropped 2.28% to $0.089 on a volume of 239 thousand shares. This activity was much lower than the daily average but started promotional coverage may bring more trading for a while.
