Further Pumps and Dumps morning update.
XUII spent the past two months stutter-stepping its way back towards the May highs and may have reached a psychological wall, now that it is almost there. We figure buyers to be thinning out and unless Awesome Penny Stocks continues its deceptive ways with its usual wash trades and phony big bids, we could see enormous profit taking hastened by APS' bid whacking. Experienced traders know, that it only takes minutes for the share price of an APS promotion to get cut in half and whether it will be today, tomorrow or next week, we are not far away from that. This promotion does not have long to go as XUII will have to release financials in the coming couple of weeks and if they follow the form of past APS promotions, the numbers will not be able to justify anything close to even half of the current market cap of the company.
Buyers Beware - P&D.com is seldom wrong.
