3D Eye Solutions, Inc. (OTCMKTS:TDEY) Continues To Rise Rapidly
3D Eye Solutions, Inc. (OTCMKTS:TDEY)’s stock has been climbing the charts since September 13 despite the lack of news coming from the company. Even though the climb was slowed in the days around September 20 the ticker has started gathering momentum in an upward direction with increasing speed.
We last covered them a few days ago, noting the good sessions they had last Friday and this Monday, when the ticker registered gains above 30%. As it turns out TDEY‘s stock packed more punch than we imagined and continued its ascent with positive feedback from the company on September 24, when it added another 31% to its value.
Yesterday’s session went even better with a massive 91% gain attributed to the good news contained in the company’s latest press release. The price moved from $0.0046 to $0.0088 on a volume 3 times the ticker’s average, with 152 million shares switching hands.
The intraday chart shows that most of the trading took place in the early hours of the session. Strangely, less and less shares were traded as the price started to go up faster. Even though trading got slower in the second half, however, combining the massive amount of traded shares and the increase in price helped TDEY breach the $1 million dollar value barrier.
There is the possibility that the ticker will continue its rise until the end of the week, due to the promising news contained in the September 24 press release. The statement announced the company’s re-domicile from Florida to Wyoming, but the news of main interest were about their App 3DTV that has just been launched and has already recorded downloads from the USA, Canada and Europe.
What rings the alarm about this statement, however, is that it comes a bit late and we wouldn’t know the reason for TDEY to not brag about this development earlier. The app was uploaded on August 16, so why wait more than a month to announce news that will have a good outcome for the company’s stock. Another thing that puts their success to question is the fact that the app isn’t getting booming attention as it is in the 10-50 downloads section.
All in all the stock remains risky and having in mind that it has registered a 1366% gain in a little over 10 days a relapse is expected and the correction might be bigger than you expect. This is why we suggest that you stay away from this one, or do a lot of due diligence and be prepared to take on a great risk if you have any thoughts of takeing the shot.
Other hot stocks that generated big investor interest and had registered large amounts in dollar volume yesterday were Alkaline Water Company, Inc. (OTCBB:WTER) and North American Oil & Gas Corp. (OTCBB:NAMG), who added 19.85% and 12.98% in value respectively.
