Chancery Resources, Inc. (PINK:CCRY) Continues with Second Strong Day

An older pump, Chancery Resources, Inc. (PINK:CCRY) seems to be picking up speed in earnest, with a second day of even higher volumes and gains. The double-zero stock doubled its value in a week and we may see a trend forming in the next few days. In the past, the ticker has easily climbed to $0.007 and the possibility may entice investors as CCRY moved from $0.0012 to four times the price, with a promise for more.

This seller of ozone generators does not seem to be well-supported by a balance sheet: 

• $87 thousand in ‘checking’ assets

• $150 thousand current liabilities

• $181 thousand total income

• $8 thousand net loss

While ozone technologies are well-spread and CCRY may not expect to be unique or unusually profitable, its stock may fare much better, especially with the 2013 trend of buying up underpriced, but quickly jumping stocks.

There are no new mailings for CCRY, the last one is from March 8th from Stock Hideout, and we are yet to see if the campaign will still have after-effects in the following days. The Stock Hideout campaign had a $6,000 price tag, so it is no surprise it was a one-off event. But CCRY got a boost of more than 200 million shares bought in the past two days.

The new pick for Stock Hideout is Smack Sportswear, Inc. (OTC:SMAK), a heavily promoted stock trading around 10 cents, with daily corrections of 50% a usual thing. As with CCRY, the volumes of this ticker picked up significantly, more than 8 million shares being bought, a historical high for SMAK. In the case of much hyped tickers, you need to do your own due diligence and estimation of risk before committing to the advice coming from a pumper’s email.