JBI, Inc. (OTCMKTS:JBII) On Another Leg Up
JBI, Inc. (OTCMKTS:JBII) is getting a good workout, bouncing off with much energy from the latest valley in its graph. The ticker rounded off 60 cents, after adding 16.5% on Friday, awaiting the new week to show if the trend will continue or if it has run its course. 
We have not visited this ticker since the winter of 2011, when it was heavily promoted and easily surpassed $2. Briefly, JBII exploded to nearly $4, but has been falling ever since, and the brief spikes seem to be temporary events, leading to even sharper falls.
The latest thing for JBII to attract attention were the results from the first quarter of 2013, which show:
- $3.9 million cash
- $2 million current liabilities
- $5.3 million total current assets
- $2.7 million quarterly net loss
The clean energy company has relatively low revenues, less than $200,000 per quarter, but so far seems well-stocked with financial reserves and assets. The recycling company seems efficient enough, although still its expenses are quite high. While JBII is more solid than other penny stocks, the ticker seems ripe for another promotion. The pumps are far back in the past, and the price seems low enough for a relatively stable company.
JBII almost doubled its price in a week, and it could easily return to a higher price from the past few days, around 80 cents. The effect may be stronger if the company continues reminding investors through press releases that its business has all chances of thriving. JBII was much more active with the news in the past month and a half.
The last pumper for JBII was Stock Analyzer, a paid promoter with a long history of stock selections. In some of the emails, JBII was touted as a slow riser, possibly a less risky bet than usual. Currently, Stock Analyzer selects tickers that may yield intra-day gains, not worrying about longer-term campaigns. One of its picks, Cereplast, Inc. (OTCMKTS:CERP) shows a visible spike on the day of the email, but a sharp drop afterward. Knowing the red flags of a stock promoted too much, it is best to stay away unless you can afford the corrections.
