lowtrade

[lowtrade]

ELRA May be the next darkside play.

Interesting OTC game setup there. It looks like a scam ready to happen. Here's several things of interest.

1. It just did a 1 for 10 reverses split May 2014. That's how many darkside companies make retail think there's legitimacy/value where it isn't. It's now a penny stock, not sub or micro. Smoke and mirrors trick often seen pre run. There's your low float! Those new will probably think it's been an established functioning OTC company by looking at chart prices. And never research fundamentals. Over a penny adds legitimacy with pennylanders. phycology

2. Mar 10k to May 10Q 5 mil shares dilution pre split or 10% of OS could be for sale. OS was 50 mil not 5 mil. Low by any means.

3. Company went from no news or volume interest, to several PRs in May, now a strong hype PR. The story is setting up, with a 120% Price pop and feed the run positive volume.

4. Recent red day volume surges with NO price action. Signals insiders loading up and accumulating PRE manipulated run.

5. Major non trading price pull down since FEB 2014. Means they were in discussions with a VC for funding.

Yes ELRA is interesting.

Rule #1 for trading the OTC game;
Never believe the PR story. Trade retail re-action to it!