Yesterday’s inclusion of Sauer Energy, Inc. (OTC:SENY) stock in a paid promotional newsletter led only to a twice the average number of shares changing hands during the session. Today does not seem much more promising as there is currently no news to raise traders’ interest.
One minute before 15 pm yesterday, an e-mail came into our database and it included SENY as a stock to watch due to the fact that it has been building volume stably over the past several sessions and has recently reversed the started short-term downtrend. The promoter even gives an upside target of $0.90, which could in his opinion come true if SENY keeps accumulating volume in the following few sessions.
That alert did not have much of effect on SENY performance, however. Yesterday, the closing price was only 1.96% higher than on Monday – $0.52 for a share. The only thing that indicates of some sort of promotion was the volume of 298,000 traded shares for the day, an amount around twice the average for the past three months.
Yesterday’s newsletter was paid with $10,000 by a third party, yet it is not the first promotion from that promoter that SENY has been subject to this month. Another e-mail covering SENY came in after market close on Thursday last week, and it raised the share price to $0.54 on the following day.
Fundamentally, SENY has not issued any new information recently that could suggest appreciation for the share price. The latest press release of the company came out on September 26 to inform investors that SENY had been invited to participate in a demonstration representing the wind power sector at a private educational event that had taken place two days before that.