When it comes to penny stocks, the winner pretty much takes it all. Who managed to take advantage of the fantastic performance of Lattice, Incorporated (OTC:LTTC) yesterday, though? Was it you who loaded the boat waiting far too long for a successful short? Or was it you who did not take part at all? If you know what I mean, then you might have already known the answer: LTTC got pumped and it did bring huge gains which, however, all went to the wrong people – the pumpers themselves. If you do not believe us, look at the lines below.
Prior to yesterday’s session, during which LTTC shot up 67%, we got a couple of promotional emails designed to present the company as ‘uniquely positioned for growth and stability.’ Although both emails sound convincing enough to lure you into buying LTTC stock, the accuracy of the information contained therein remains subject to your own due dilligence. One fact that deserves your attention is the supposed news of the huge government contract with the U.S. Air Force. This raises concern in two aspects. First, the underlying press release popped up more than three weeks ago and can be therefore no longer considered fresh. Second, LTTC never backed it up with an accompanying 8-K disclosure statement within the 14-day deadline set by the law, which creates a sneaking suspicion that the way this piece of news has been presented might be a little too optimistic.
The first email came from a promoter known as ‘The Stock Psycho’. For the record, that same promoter pumped AXCG on May 16. Back then, AXCG traded at approx. $0.034 per share. AXCG has since gone down 87% as seen on the accompanying chart:
The second email we received was authored by ‘Fast Moving Stocks’. Similarly, when the latter raised awareness about PTSH on May 9, this stock went down 40% in the promotional session alone. If this were not enough, PTSH has so far sank by an additional 70%, thus having been relegated to the sub-penny echelon. See the chart for your reference:
The conclusion is clear and simple: even though LTTC went up 67% yesterday, it is very likely to tank sooner rather than later, especially considering the historical record of the promoters advertising it. Instead of wasting your money on a pumped stock, you would be better off opting for stocks traded on a premier exchange.