Can Agrieuro Corp. (OTCBB:EURI) Bounce?
Agrieuro Corp. (OTCBB:EURI) suffered another spectacular crash yesterday but looks like it is making a recovery today. How long can this go on?
As is the norm with the OTC Markets, there is no easy answer to that question. More than 2.4 million shares of EURI stock changed hands yesterday, which means that investors still hope to make money from trading the ticker.
Another round of paid pumps hit inboxes before the start of today’s session, and as a direct result the ticker has gone 10% in the green in early trading today – so it is not impossible for said traders to succeed in their ambition.
However, no matter how bold and opportunistic they consider themselves, traders should always be wary and keep in mind that that this particular game is rigged.
How so?
The fact that an Design Holdings has paid half a million dollars to promoters touting EURI should ring a bell.
The fact that someone bought a total of 2.1 million shares at a price of $0.01 per share last year is another dead giveaway as to what is currently going on with EURI.
Do we really need to say more on the matter? Playing pumps is always risky. Let the buyer be ware.