Alkame Holdings Inc (ALKM)

[nodummy]

I don't think there was a VIP alert for ALKM from Stock Tips.

I think some people mistook an alert Promotion Stock Secrets put out on Friday at $.10/share letting Promotion Stock Secret members know that we had found several clues that Stock Tips would be promoting ALKM. The following is just one example:

https://promotionstocksecrets.com/wp-content/uploads/2014/09/ALKM-disclaimer.png

The initial price movement from $.10 to $.29 was probably mostly Promotion Stock Secret members. The people buying in from $.29 to $.50 were probably just people that caught the earlier price action and jumped on board.

Since ALKM was already promoted two times in the past we considered Stock Tips to just be a promoter for hire on this one and warned that if people still wanted to play knowing that then it might be best to take profits really early and be more conservative on this play.

We already were warning about the possibility of a money grab before figuring out that ALKM was going to be the pick so knowing that ALKM was used for two very ugly past promotions and was not a fresh ticker only added to that concern.

It looks like Stock Tips being the unorganized morons that they are were unprepared for the late day surge in volume on Friday and that price action may have played a role in delaying the pick. They maybe didn't like the starting price or thought that less people would want to buy the ticker if they felt like they already missed out on a potential 400% in profits. Hard to know for sure.

It was easy to predict the gap down today and the nice bounce play which followed (from $.19 to $.30), but when $.19 failed to hold midday it became obvious pretty quickly that ALKM was turning into a dumpfest and a money grab. The same market makers rode the ask all the way down from $.18 to $.08 dumping millions of shares. This wasn't WPWR type action with some big blocks late in the day to take the price down. This looked like a money grab/dumpfest. Probably a good chance that the pick will be cancelled now. I'll be surprised if Stock Tips has any other ticker lined up any time soon for a replacement pick.

If they still do go with ALKM people would be smart to keep expectations low and be conservative with profit taking if they do decide to play it since the the retail float is so big and there are probably a good number of bag holders from today and past days price action.

We've seen other big name promoters pull the same sort of crap in the past and they are all out of the game now. There are pretty much no penny stock promoters left that are even worth following any more. People need to realize that there are a lot better/safer profit opportunities out there than just chasing penny stock promoters.