Have you heard of the notorious technique called pump-and-dump? If not, be sure to do your research on the subject, especially if you intend to invest your money in Pick-Ups Plus, Inc.
(PINK:PUPS). Why? Because, this is what usually happens when an army of promoters starts flooding investors’ mailboxes with trade alerts. As it seems, PUPS stock is now their main focus of interest.
The scenario suggested above would not look so obvious had it not been for the lack of any corporate updates whatsoever. Indeed, company-related announcements are nowhere to be seen, implying that PUPS might have sunk into oblivion. Yet, its stock has somehow managed not to lose a single pip for seven sessions in row. What is more, it put on a stellar performance yesterday, both in terms of price and volume. The trade with PUPS stock closed at $0.0014, up 16.7% from the day before. As far as the turnover is concerned, it hit an astonishing 25.6 million, setting a 52-week record.
The promotional wave of alerts comes in an attempt to capitalize on the current surge of PUPS stock, aiming to push the positive trend to the limits. However, the last two times a similar price surge took place (Sep. 2010 and Feb. 2011), it was immediately followed by an abrupt slump back to the 0001 stock tier. Will history repeat itself this time? Most probably, unless PUPS steps into the spotlight and issues some earth-shattering news.
Pick-Ups Plus, Inc. pretends to be specialized in offering a wide range of accessories for both trucks and sports utility vehicles. The company was incorporated 18 years ago. Yet, one can only guess how well its products are doing on the market, because the last time PUPS filed a financial report was back in 2006.
Although PUPS appears to be in idle mode, one can never be sure about that. On the contrary, the company might be in the process of developing a couple of revolutionary products and is keeping silent until it has brought everything to a successful end. In case this turns out to be the real situation, PUPS stockholders will definitely be in for great days ahead of them.
Anyway, PUPS management has very little time to prove sceptics wrong about its current condition. Official news, accompanied by an up-do-date balance sheet will set a suitable background for such an initiative. At least for the immediate term.
