Suffer (PINK:SUFF) delivered a surprising stock action last Friday when nearly 6.4 million shares changed hands. The stock surged up and finished above the previously established support at $0.01.
Backed by this increased trading activity, SUFF stock surged 17% to $0.0105. Yet again, the shorting volume was also on the increase. Approximately 3 million shares were part of the shorting transactions for the day, which is 47% of the total volume.
The increased trading was apparently the result of the press release that came out on Friday. It announced that SUFF had received an order from Gold’s Gym Fitness Alliance to purchase its new line of fight gear.
It appears, though, that for some third parties this stock performance was not enough. For, a promotional campaign on SUFF was started yesterday. It was sponsored by SC LLC and was led by the Hot Otc group. The whole sum invested in the campaign was $45 thousand. [BANNER]
Now that SUFF has received a promotional spark, the forthcoming stock performance of SUFF will be a point of peculiar interest. For some time now SUFF hasn’t been able to break above the 50-MA line, which has been acting as a resistance line since the end of May this year.
In a more general view, it is visible that SUFF stock is slowly and steadily losing value. This happened despite the fact that SUFF has been regularly promoted since February this year. So, will the new promotion for the company actually manage to convince investors that SUFF will face a higher market value anytime soon?
