Can Clean Coal Technologies Inc. (OTCMKTS:CCTC) Bounce?
Clean Coal Technologies Inc. (OTCMKTS:CCTC) had a decent run, followed by an expected crash. The ticker has been relatively stable in the last two sessions – but where will it go now?
Sad to say, there is no easy way to answer that question. As we’ve said before, CCTC doesn’t really have a lot of merit pushing it upward. The company’s neglect of its obligation to file financial reports has effectively denied investors the ability to do real due diligence on it. Its lack of notable commercial achievements in the past, as well as this demonstrable reluctance or indifference are enough of a red flag in and of themselves.
However, if an investor is to judge CCTC by only its fundamentals, he would come to the conclusion that this stock has nowhere to go but down. One look at the company’s charts clearly shows that this is not the case. CCTC has had its share of jumps and as a result its current chart position is about three times higher than it was a month ago.
Paid promotions and unpaid touts, as well as multiple e-mails with unknown compensation have ensured that this would be the case. However, no pump jump lasts forever.
It is well known that playing pumps is a risky endeavor. Well, CCTC‘s risk factor is further increased by the fact that since investors have no means of researching the company, it is impossible to know how many discounted shares can find their way to the market at any given time, dragging the ticker to the bottom.
Investors are advised to take that into consideration and be doubly careful if they ever decide to commit to CCTC stock – even for a little while. Further, said investors should be on their toes at all times, because while CCTC well bounce on the way, ultimately it is an unwritten law of the OTC Markets that pumps inevitably come to an ugly crash.