Endeavor IP, Inc. (OTCBB:ENIP) Inches Up on Stoppered Trading

Even though Thursday was a truncated day of trading, for Endeavor IP, Inc. (OTCBB:ENIP) there was indication that the upward trend would continue, as the company rises propped by the effect of a $21 million promotion. In the hour of trading, ENIP added 0.85% to $1.18, on dollar volumes above $404,000.

To add to the hype, Goldman Small Cap Research announced it would be preparing a report on the company, which is no more than an addition to the general hype and noise. Also, on November 6th ENIP received the second email, again from 900PercentStocks.

ENIP is touted as a patenting specialist that could provide great revenues from IP and other technology licensing. The pumpers, funded by C America Marketing, are now presenting ENIP for its power to rise almost every single day, gaining from 75 cents at the beginning of the period. Investors’ forums are generally optimistic, as it usually happens when a stock is upward-bound. So far the only critical opinion outlines the fact that ENIP has only one employee, and it grants patents to its own subsidiary.

In the past month, ENIP had a total of four days of selling- and weak selling at that. Buying has accumulated enough holdings- so that any reversal may be amplified by more selling. So far, technical analysis seems to be a leading topic among investors.

If you are looking for a more solid technology company, ImageWare Systems, Inc. (OTCMKTS:IWSY) has proven its ability to recover from periods of slacking down. IWSY is still around the $2 levels, though a bit lower.

SigmaLabs, Inc. (OTCMKTS:SGLB) is a recent mover with hopes for longer-term achievement, though on the short trading day the ticker stalled again around 17 cents.

ENIP will now have to show how it deals with end-of-the-week trading, and if the actions of Financial Industry Regulatory Authority, Inc. (FINRA) to halt OTC trading because of a lack of current quotation information.

If you still want to join the ride, keep in mind that the campaign is still rather new, and may invite more investors with new emails or publicity. Still, it is a matter of time before ENIP shows its red flags in full, and they become the leading factor for investors. Other companies have made even more impressive climbs, only to reverse as it becomes clear that the real performance lags the stock chart.