After the press release pump, there are now promotions aiming at pumping VelaTel Global Communications, Inc. (PINK:VELA).
After three days of appreciation VELA dropped on Dec. 13. Yesterday, however, it managed to close up 11.38% at $0.093. The volume reached 3.8 million.
As mentioned, promotions are on the way. Research Driven Investor (RDI) disclosed a $50 thousand compensation. The other promoter disclosed $12.5 thousand paid by RDI.[BANNER]
$50 thousand is a mid-range compensation, and it could provoke some active trading. Often promotions for OTC stocks result in a gap up, which practically provide an opportunity for those who were already in.
How VELA will perform isn’t certain, but for savvy traders this could be an option for quick profits, they should, however, exercise caution.
