Chancery Resources, Inc. (PINK:CCRY) Returns on Stock Hideout Mailing

One of our old acquaintances, Chancery Resources, Inc. (PINK:CCRY) has been rising steadily for a few days now, adding more than 40% on Friday. CCRY is still a double-zero risk at $0.0034, after several pumpers went silent. But in March, the ticker returned among many other accessible sub-penny stocks that offer a promise of dramatic daily returns, but also hold the danger of sharp correction.

Let’s try go glean what the next few days may hold for CCRY. The company holds little in terms of solid business foundations:

• $87 thousand in ‘checking’ assets

• $150 thousand current liabilities

• $181 thousand total income

• $8 thousand net loss

Recently, the stock broke the buying record, and so far has held up well with healthy volumes above $100 million, interspersed with intra-day selling. The company’s underlying business, selling ozone generators, seems to have little bearing on the stock’s movements.

But it seems the main reason behind the new spike in activity is a promotional email from March 8th. Indeed, in the past the biggest gains in CCRY followed a professional pump with a budget of $10,000. This time, the pumper is Stock Hideout, taking $6,000 for a single email that will supposedly take CCRY out of the slump.

Stock Hideout is a pumper with a long history, with a medium compensation of $5,000 to $7,500. This pumper took part in larger campaigns, blowing up stocks disproportionately. This pumper sent out several emails for Original Oil, Inc. (OTC:OOIL), but with only limited effect on the company’s general falling trend. In the case of CCRY, as always we warn the ticker is too volatile and it is best to have a good estimation of the losses you can afford and the time horizon to abandon a losing position.