Creative Edge Nutrition, Inc. (OTCMKTS:FITX) Crashes

Creative Edge Nutrition, Inc. (OTCMKTS:FITX) started creeping up in early October. The cumulative gain over the last three weeks was around 400%, and then yesterday it fell apart like a house of cards.

FITX started the session strong and a little after 12 p.m. It reached a high of $0.0064 per share. After that the price started going slightly down until about 3:15 p.m. when it just collapsed. In a matter of minutes FITX lost about 40% of its value. In the end it closed down 43.75% at $0.0027.

The volume reached 155 million shares, most of which generated in transactions in the afternoon when it crashed. FITX hadn’t seen such volume since the summer when there were numerous paid pumps.

The crash doesn’t seem to be caused by any particular event or some new information. The company hasn’t issued any press releases since last Thursday when FITX announced it was adding new products to an online retailer website, Bodybuilding.com.

There haven’t been any filings since August when the company published it’s financial report for the quarter ended June 30, 2013. The next report won’t be due for quite a while, because it will be an annual.

Since there haven’t been any pump campaigns after the ones in July, it would seem that the crash was the result from normal trading processes. An almost uninterrupted 400% run would be hard to support even if the company didn’t have a history of paid pumps and huge dilution, and FITX does have those.