Xinde Technology Co (OTC:WTFS) is the star of one of the most expensive promotions of the week. Last night, a whole bunch of newsletters arrived in the Hotstocked database, indicating that the promotional flame is still burning for the company.
However, if investors still remember the fiasco of the last promotion on the company, hardly will any one meet the news with a smile. The promotion of WTFS which took place on 20 June coincided with a devastating drop n the share price.
The decline continued further down until the stock was seriously wiped out. WTFS stock plunge didn’t stop until $0.1, where apparently a support was formed as a couple of days ago the stock bounced once again at this level.
In the last session, 2 million shares changed hands, while the stock price rose 12% to $0.129. 918 million shares were part of the shorting volume as indicated by FINRA.[BANNER]
After the session came to an end, a whole group of promotional sites showered investors with a newsletter especially dedicated on the company. The small font at the end of the letters indicated that $100 thousand were invested in the campaign and the money was provided by Phoenix Creation Ltd.
It is vital that investors who had come across the promotional newsletters ask themselves how many investors are still holding WTFS shares from the last promotion and are waiting for the suitable moment to get rid of them. The answer of this question more often than not determines how influential a following promotion can be.
