3D Eye Solutions, Inc. (OTCMKTS:TDEY) Sets Sight on Two Cents
Just after vaulting the one-cent levels, 3D Eye Solutions, Inc. (OTCMKTS:TDEY) is on track to double the levels, as buying continued on Monday. TDEY added a further 24% to stand at $0.0186 on dollar volumes of $1.43 million. TDEY continues on pure momentum, as there are no new promotional emails, and the last press release is from Friday. But the new week promises further gains.
All of this almost takes TDEY to a total of 500% gained in October. But now, we have to see if the company is prepared to keep up the promotional efforts, or if there was enough of a climb to call it quits and let the shares manage on their own, possibly sinking back below the penny levels, as it usually happens with overhyped shares.
Strangely, investors’ forums remain very optimistic, with opinions to hold the stock and a potential 5 cent level at the end of the year. Yet there is also the risk of short interest, as the levels threaten to become unsustainable and trigger profit-taking or selling for other reasons.
Another recent breaker above one cent is the SK3 Group, Inc. (OTCMKTS:SKTO) stock, which started at half a cent, and in an even shorter period exploded to $0.019 as well. But the ticker has been widely promoted in the past and has shown a propensity to fall at the end of each promotional period. So beware and stay away from similar stories unless you can afford to lose the larger part of your investment.
And if you have the nerve for something brand-new, look no further than the graph of Swordfish Financial, Inc. (OTCMKTS:SWRF), which peaked on Friday at exactly $0.0099, on a series of dramatic buying days, despite the lack of direct help from promoters.
For TDEY, one of the major problems is the relative weakness of its product- an app for 3D viewing on mobile phones, sold through Amazon.com, and coming with a free pair of 3D glasses. Given the low price of a pair of glasses, this is not much. And as for 3D viewing, it has yet to prove itself as a viable mode of media consumption.
The other question is if new promoters would be ready to continue the trend with emails. Since TDEY answers quite well to PR, a new message or an alert could continue the optimism. Don’t fall too much for the optimism unless you are ready to face the reversal.