Today could be an active trading day for Vidable, Inc. (PINK:VIBE). The company released some news after the close. Additionally, some paid promotions started and they can also affect trading today.
Yesterday VIBE had a relatively active session although neither the news, nor the pump campaigns had come out. VIBE closed up 72.67% at $0.0259 per share. The volume of approximately 430 thousand shares was significantly higher than the average.
Perhaps, the increased activity was due to the filing of VIBE’s 10-Q, although it didn’t reveal anything exciting. The company has limited assets, negative working capital, and recorded no revenues for Q1 of 2012.[BANNER]
The one things that paid pumps rarely fail to do is bring volume.The last time VIBE was pumped, the volume almost reached 6 million shares. Unfortunately for those who bought in, the price plummeted and so far there has been no opportunity to brake even.
Today VIBE is touted by at least two promoting companies. The one disclosing a bigger compensation is RDI. They were paid $40 thousand for a one day campaign by a third pary, BBC, Inc. The other promoter was paid $10 thousand by RDI.
The other factor that could have some effect on today’s trading is the press release issued by VIBE. It says the company launched a new marketing campaign. VIBE is offering incentive credits, or coupons, which can be used to pay for some services on the Vidable website.
How these things may affect the market will be seen in a couple of hours. If the scenario from March 20 repeats itself, it could still present traders with an opportunity for some profit, if they play it right.
