Well, if you are a penny stock trader, then you must
be aware of yesterday’s mystery of VISION PLASMA SYSTEMS INC (PINK:VLNX). On
Thursday, VLNX popped up as much as 270% and at the time of closing the stock
tripled in a single day and that too on massive volume 308 million shares.
We all know, penny stocks usually are traded in big
quantities, but VLNX gained attention from penny traders without any news and
yesterday’s move was skeptical .
So here we go, this morning the stock is down 66%,
losing its entire gain in the prior session. What if any trader bought the
stock in yesterday’s session? He must have bought above $0.14 or may be $0.30.
$0.14 was its intraday low and the stock mostly traded above $0.30 throughout
the session. Moreover, yesterday, the
stock made a new high of $0.39.
Get More recent Updates on VLNX Here
However, yesterday after the market hours, the
company announced that an agreement from Cell Runner Inc. of Japan has been
signed for the purchase of two (2) Arc Master I Units. These initial units will
be used to remediate over 5,000 hazmat suits used daily by cleanup crews
working in the Fukushima Nuclear Facility, at a cost of $5.8 Million USD per
unit.
Although unlike yesterday’s volume is not that high,
but it’s reasonable with more than 38.15 million shares have changed hand
within first 90 minutes of session.
There were no news which could justify today’s
sudden rally, but seems like some large penny stock traders were pumping up the
stock in heavy quantity to gain attention.
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