Dr Key notes on paid promo's:
BDP has a new pick out tomorrow at 9:33 AM. Could be an interesting ticker if it survives Day 1. Their promos have done well recently, and I will watch this one closely. With PCWT getting halted, tough to say whether traders are down on promo tickers right now. Second APS ticker to get halted in a row is a big deal in promo world. I am not worried about the SEC in the first couple weeks of a promo - everyone knew PCWT was being investigated by the SEC on promo Day 1 and they took 4 weeks to process the halt. The halt came after the fact also, as the ticker had already crashed and APS had already taken down the promo banner. I would not advocate holding any future APS ticker over night to be safe however as they appear to be an SEC target now. For other promos, I would at least limit any overnight holdings after promo week 3. Note that BIZM, POLR and NORX also got halted around promo week 4. Number of days listed on pumpsanddumps.com is an easy way to speculate how long a promo has been running - just be careful though as they often drop the ball and report promos weeks after everyone else knows about them.
