EFuel EFN Corp (EFLN)

[Tyromaniac]

Here's what happened according to me, and you see this wherever you go in otc for the most part. When there's momentum, everyone screams their head off and the day trader/flipper type capitalize on these small wins by selling what they bought earlier in the same day. They are not trying to marry any stock and scream how this stock has 500 million in assets when that really isn't the case.

This stock is definitely undervalued but just because someone now owns a lease on property that may or may not have 500 million in gold, it doesn't mean they actually own 500 million in gold yet. That is why they were able to get a 5 year lease for just over a million dollars. It's not really an asset until it is out of the ground.

I am of the belief and from my experience find that most traders come in, take a few up ticks, and leave. If there's an opportunity to double your money, or even just get a 25% return, that's fantastic for them and rightfully so.

You can see that volume has dwindled (obviously because the stock is more expensive), but the dollar volume amount has drastically gone down as well.

Penny stocks go up because more people hear about the good news or enough people are trying to pump the good news. In this case, it looks like the one-day risk vs reward for most otc flippers/traders is no longer there so they are off and onto other stocks that have uncapitalized momentum. I've also found that people who scream the unrealistic prices the stock will hit in the next few days are the most guilty of getting up and leaving (the pumpers of course). Just take a look through their post histories and you'll see which stocks they've gone onto.