HOTSTOCKED. The Solid Surge of Sino Agro Foods Inc (PINK:SIAF) Urges Third Party to Take Promotional Measures
by Martin Tsvetkov
Dec 29, 2011
In case Sino Agro Foods Inc (PINK:SIAF, SIAF message board) has caught your attention because of its most recent chart run, then you are not to give the brand-new promotion for SIAF a miss.
Last nigt, SIAF continued its course toward regaining what it had lost not long ago.
As a result, SIAF added 14% to its value closing at a six-week high of $0.615 per share. More than 860 thousand shares of common SIAF stock changed hands, which is more than twice as much as the daily average trading volume of 360 thousand.
Newswise, there has been nothing special about SIAF for the last 10 days or so. In fact, when the company published its latest press release on Dec. 19, its stock barely gained 1.3%. However, it is what SIAF stock has subsequently done on the charts that is of much greater importance, namely: five positive movements, one neutral, and an aggregate appreciation of 58%.
In the light thereof, it is no wonder that SIAF stock has now come under the promotional spotlight. According to our promotional database, a third party has approached a promoter to raise the hype about SIAF shortly after the end of yesterday's market session. For this purpose, the latter has received not only $40 thousand, but also 200 thousand shares of restricted stock. At least, the restricted nature of the compensation package will prevent the promoter from shorting these shares right away.
So far, SIAF has managed to regain much of its late-summer value. Yet, it is only halfway there. Whether the mission is possible or not will become evident within the next couple of weeks.
Related Articles
