PetroTerra Corp. (OTCMKTS:PTRA) Can’t Be Stopped
PetroTerra Corp. (OTCMKTS:PTRA) almost reached the $1.5 mark yesterday, after its third consecutive session of rabid climbing. Today’s early trading is taking it even further up the charts – but how long can it keep this up?
By now, it should be pretty obvious to anyone that’s done even a modicum of due diligence on the matter that PTRA‘s only reason for rising is the massive $150 thousand pump campaign targeting it. Wall Street Report’s latest e-mail hit inboxes yesterday, inciting another wave of buying. Investors can’t seem to get enough of this pump – but they should probably be more careful.
A mere ten days ago, people were buying PTRA shares for a mere $0.4 a pop. Now those very same shares can be sold at a 350% profit. If that is to start happening en masse, it will be, as Carl Icahn says, “a bloodbath”.
The picture is grim enough even if you don’t take into account the shares that the company sold for $0.28 a pop this August.
Popular stock analyst site Seeking Alpha writer Hunter Straus seems to be of the same opinion. Although his articles are obviously biased – after all he’s short PTRA – his coverage in “PetroTerra Corp.: A Paid Promotion That Will Crash And Burn” makes most of the same points that we’ve made in our past articles.
All in all – PTRA‘s run may have taken it high and far, but it’s just a matter of time before the pump jump turns ugly.
Traders who don’t want to lose their money would do well to pay close attention to what is happening with PTRA, and be ready to cut and run at the first sign of trouble. Anyone holding the bag when the crash goes down will be in for a ton of grief.
