Lot 78, Inc. (OTCMKTS:LOTED) Slides Below a Dollar
Lot 78, Inc. (OTCMKTS:LOTED”>LOTED) is back to a dollar, tracking down to its pre-promotional levels. A dollar of LOTED”>LOTED, let us remind you, is equivalent to the $4 pre-split price. So, technically LOTED”>LOTED still hangs onto some of its gains, though it may not be long before it dives under the price at the beginning of the promotion. 
On Wednesday, LOTED”>LOTED slid more than 28% to $0.82, leaving behind previous stable ledges at $1.30, where it stayed for a couple of days. In the past three days, selling volumes were building up, reaching over $1 million. There is hardly any talk around LOTED”>LOTED, except for discussion group mentions. The wildest suggestion is that this ticker could take off again and reach $2.75. But whatever it does, it will most probably be a dead cat bounce. 
Post-promotional tickers have different fates, some crashing down to rock-bottom prices, others drift sideways longer, more easily offering an opportunity for another brief climb. It will be a long while before a pumper dares to touch LOTED”>LOTED, especially following the long and involved campaign combining a paper mailer, emailed messages and press releases.
The noticeable volumes mean the fate of LOTED”>LOTED will be clear in the next few days. The end of the week is already in sight, so this may cause some surprises. The company is silent about its future fate, no more press releases after the financial results a few weeks past. In the middle of a falling trend, a press release could even be dangerous, as it may heighten activity and offer a chance to dump even more depreciating shares onto the market.
Currently, Vapor Corp, Inc. (OTCMKTS:VPCO) is showing a similar discrepancy between an otherwise good business model and the logic of the small cap stock markets. The producer of electronic cigarettes rose strongly, but has been correcting in the past three days.
Another company we are tracking, heavily traded Western Graphite, Inc. (OTCBB:WSGP) has shown what it means to try and fail to rebounce. The latest movement of the ticker shows it is a struggle to recover lost ground, and any results are very temporary as sellers rush in to lock in even small profits.
From now on, LOTED”>LOTED will become more and more dangerous, and it is best not to be swayed by short-term hopes, unless you can also afford to see this ticker burrow even deeper.
