NanoTech Entertainment, Inc. (OTCMKTS:NTEK) Gets Punished

[[tagnumber 0]][[tagnumber 1]]NanoTech Entertainment, Inc. (OTCMKTS:NTEK) is far from a safe bet, just like every other stock on the OTC market. Recently, we have seen some increased investor interest that is expressed in the form of volume increases.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Meanwhile, the stock is going up and down the charts. Well, mainly down. Apart from having some pretty good upward runs we see that [[tagnumber 6]]NTEK[[tagnumber 7]] is hitting 52–week low after 52–week low. The constant news coming from the company mainly concern new content for their 4K Ultra HD streaming network and rarely provide for positive movement of the ticker.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]And that’s where the pumpers come in. A paid promotion was initiated on June 11 and finally managed to provide for some positive movements. Last week ended with a 12.84% gain and [[tagnumber 6]]NTEK[[tagnumber 7]] climbed to $0.0123 per share.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This week also started well for the company stock and we saw the ticker rise 9.76% in Monday’s session without the aid of any press releases. Yesterday, however, was a different story.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]We saw [[tagnumber 6]]NTEK[[tagnumber 7]] lose 8.89% in yesterday’s session and the ticker closed the day at the price that it had before the weekend. A total of 11.9 million shares changed their owners and generated $157 thousand as the stock was sinking and people were trying to get out.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Today’s session hasn’t been very pleasant as well. Still, [[tagnumber 6]]NTEK[[tagnumber 7]] is only 2.44% down as of the writing of this article. It appears, however, that the company stock has returned to its downward course and might very well drop even further down, considering the most recent 52–week low of $0.0101 that it hit recently.[[tagnumber 2]]