America Resources Exploration Inc. (OTCBB:AREN) Crashes And Burns
America Resources Exploration Inc. (OTCBB:AREN) started blazing a trail down to the bottom of the charts yesterday, and judging by today’s early trading this session may do even uglier things to its market cap.
The 22.59% crash on Tuesday was a tough pill to swallow. Today’s crash has already taken AREN down more than 40% – but that was to be expected.
Truth be told, it was an astounding miracle that AREN managed to maintain the gains it had made while under the barrage of the pumping campaigns that have bathed it in attention for more than a month. However, it was clear to everyone involved that there was nothing of real substance holding the ticker up – there had never been, in spite of all that the pumpers had to say on the matter.
This being the case, it was only a matter of time before things went south, and it was obvious for investors that kept an eye on the whole ordeal that when AREN finally started falling, it would go down fast and hard.
Now, it appears that the time for AREN‘s downfall has finally come. The only question now is – how much will AREN stock be worth when it is done sliding? A dime? A nickel? A penny?
If investors have finally stopped playing the pump, the ticker may well end up even lower than that. The only way to know how the whole ordeal will turn out is, of course wait and see. However, judging by the way OTC Markets pumps usually work, the odds appear good that AREN stock could be worth next to nothing and illiquid before very long.