A Bad End of The Week for TheDirectory.com, Inc. (OTCMKTS:SEEK)
After the initial upward run that TheDirectory.com, Inc. (OTCMKTS:SEEK) had in the first half of last week and the subsequent drop in price in Thursday, which we covered extensively, the stock remained on a downward course.
We thought that the press release that was posted by the company early in Friday’s morning had the possibility of turning the tides, however, the ticker recorded another session in the red on even lower volumes than the previous day’s.
SEEK lost another 12.50% in value as it went from $0.0032 to $0.0028. The amount of shares that switched hands showed a weaker interest, despite being above the average, with a total of 103 million shares, which helped generate $296 thousand in dollar volume.
It certainly can’t be compared to the previous sessions which recorded an excess of 200 million traded shares each and we take this as a sign that things around SEEK might get pretty quiet again.
This of course might not be the case, because we see an increase in price and there might be some dumping of stock from investors that are trying to get out at a profit, chased away by the 2 red session in the end of last week.
In any case be sure to to a lot of due diligence and weigh out the risks if you have any thoughts of investing in SEEK.
On the other hand, things around Globalstar, Inc. (OTCMKTS:GSAT) are as heated as ever and the ticker recorded a dollar volume of $6.5 million, while moving a mere 3.15% in Friday. BioLife Solutions, Inc. (OTCMKTS:BLFS) end of the week wasn’t rosy as the ticker dropped 22% on more than 10 times the average volume of traded shares.