3D Eye Solutions, Inc. (OTCMKTS:TDEY) Makes a Step Back

The stock of 3D Eye Solutions, Inc. (OTCMKTS:TDEY) has been moving up since the middle of the month. However, it slid down yesterday, which we reckon can be attributed to the lack of news from the company after the October 21 press release and the promoter that was trying to wash his hands from previous failed campaigns.

This is the biggest percentile loss in price since the optimistic press release from October 14 sparked the upward run for the ticker. Monday’s press release in which the company announced that the free subscription to their App3DTV managed to boost the price as the ticker gapped up, but barely moved until the end of the session.

Yesterday, however, TDEY lost 12% of their value on an extreme volume that we are used to seeing from this particular stock lately. The total amount of shares that switched hands while the stock was moving from $0.0085 to $0.0086 came at 44 million and generated $749 thousand in dollar volume.

On the positive side, the promoter that was trying to make up for previous failed campaigns and touted TDEY on Mondey stopped sending emails, but the fact that the stock was promoted by such an outlet is probably the biggest reason behind yesterday’s descent.

Let’s not forget that one of Penny Stock G’s previous picks, Southern ITS International, Inc. (OTCMKTS:SITS) was touted when it peaked on September 19 and is currently 59% below that price, being traded at $0.003.

All in all, TDEY‘s upward run was crushed and the stock can sway both ways, depending on the news. This is the exact reason for which we would advise you to proceed with caution, do your due diligence and weigh out the risks.

Another stock that had a bad session yesterday was Sigma Labs, Inc. (OTCMKTS:SLGB), which lost 14% of its value on twice their average volume, generating $1.69 million in trade value.