3D Eye Solutions, Inc. (OTCMKTS:TDEY) Stopped the Run
The drama around 3D Eye Solutions, Inc. (OTCMKTS:TDEY) continues, though now it involves factions of a penny. The ticker slid more than 15% on Monday, on a lack of fresh press releases, reaching $0.013, as dollar volumes were a bit above $380,000. TDEY for now is left without promotional emails.
In the past weeks, TDEY was often posting its press releases, promising a development of the 3D television channel, an outreach to cable TV markets in Colombia, South America. Also, TDEY rose on news of the launch of its 3D mobile application.
But all of those news were consumed in the frame of a single day, and TDEY did not manage to achieve a greater climb to a price of a few cents. Just yesterday, TDEY was seen as destined for a wonderful week, but doubts are creeping in.
Another red flag for TDEY is that it became the target of notorious investor-activist, Mr. George Sharp, who habitually sues penny stock companies for misguiding promotions. In this case, TDEY settled with Mr. Sharp, yet the fact remains that the largest part of the TDEY climb was due to a series of PR messages and emails. Mr. Sharp spoke kindly of TDEY as of a company that would never see an artificial pump scheme of its own will, yet this did not stop a couple of promoters to take up the ticker for free. And TDEY itself is pushing stories of business success where there is little to prove that the company would become the king in 3D television any time soon.
We will keep tracking TDEY, to see if it can manage to hold onto the prices, and perhaps have another run. Yet penny stocks that break through to higher levels rarely keep them, without at least a temporary correction.
Now, TDEY may benefit from the Black Friday, and Christmas high-tech shopping, though it still has not launched an Apple product application. But even with tech sales, there is no guarantee that the stock bonanza will remain.
At the same time, a company that lagged for a while is back- ImageWare Systems, Inc. (OTCMKTS:IWSY) has returned, stopping easily at $2.06 this Monday. The company secures biometric solutions to individuals and businesses, and still has events to offer until the end of the year.
Recent mover SigmaLabs, Inc. (OTCMKTS:SGLB) stepped back a little, still remaining stuck around $0.17, after a few good days of buying.
If you still believe TDEY is at a bargain, it is best to invest without expectations of any immediate success- or any success at all.