NEWS TO COME - new breakout on promotions
Violeta Slavtchevska 0 Vote 0
Universal Detection Technology (OTC:UNDT) Facing a New Breakout on Promotions
By Violeta Slavtchevska
Date: Mar 14, 2011
Today Universal Detection Technology (OTC:UNDT, UNDT message board) will get its first promotion for this month. New promoting e-mails have been sent yesterday evening to make the share price surge again today. If the company sticks to its established PR strategy, maybe news is also to come out.42UNDT.png
UNDT closed Friday session within its usual trading channel at $0.0005 for a share.
The increase in the closing price was 25% and the volume of traded shares was about half the average with 34.85 million traded shares for the day. Today the stock might experience another breakout like that of the middle of last month, as a new promotion is taking place and the company might be ready with its next optimistic press release.
The new promotional program that started just yesterday evening and will run the whole week. It has been compensated with the modest amount of $5,000 in cash. The promoters promise huge volume in today's session that could easily send the stock price flying. For a sub-penny of that kind, such a scenario is a completely realistic one, though as the action from the middle of February shows it is short-lived as well. Moreover, as the promotions in February were worth at least $17.500, if an explosion happens today it might be of a much smaller scale.Universal_technology.jpg
On the day of its last stock promotion Universal Detection Technology issued also its latest press release. It reported that the company has entered into a distribution agreement with Ensoul Technology, which would act as exclusive distributor for UNDT biological and chemical weapons detection equipment in China. As previously reported, UNDT has often in the past promised a sales boost up for its business, but has yet not managed to build the fundamentals for its market valuation to leave the sub-penny levels.
