Chancery Resources, Inc. (PINK:CCRY) Comes Back for More, Possible New Ticker
Albert Einstein once said that doing the same thing and expecting different results is a definition of madness. This same sort of madness yet again brought the stock of Chancery Resources, Inc. (PINK:CCRY) to respectable levels, and just when investors were marking a decent streak, the ticker went back down. CCRY is a long-term pet of professional pumpers, reappearing with amazing daily gains only to cost investors everything. 
While the recent trend looked appealing, looking at the graph in perspective shows it is no more than a regular dead-cat bounce, which indeed doubled the extremely underpriced ticker for a while, on high volume sales. On Tuesday, CCRY added 60% to $0.002, still a very far cry from the high days of its promotion. At this position, the stock is open to fast and furious daily bids, with sharp turns up and down. 
As we recall, CCRY is a company with very little solid reserves, per its financial filings:
- $87 thousand in ‘checking’ assets
- $150 thousand current liabilities
- $181 thousand total income
- $8 thousand net loss
The last email for CCRY came on March 11th, followed by a long series of sales and a drop in price until Tuesday’s return of investors. This only underlines how dangerous a bid the company remains. But the ticker is eager to abandon its dark past- by changing its name and its ticker. CCRY will take up the name of its subsidiary, Airtrona International, Inc., to signify that the company’s technologies are central to its business.
The ticker may remain active until April, when we expect a yearly financial filing. This may be a stronger drive for investor interest, since the pump from Wall Street Buzz seems to be over and the promoter moved on to other projects. In March, CCRY received a $10,500 budget for six promotional emails, but the effect was limited.
Wall Street Buzz already caused disproportionate movements in the stock of Night Culture, Inc. (OTC:NGHT), with emails coming in the past two days causing net selling for the day. In the case of heavily promoted stocks, it is best to stay away unless you are certain you could afford the loss.
