PositiveID Corp (OTCMKTS:PSID) Finds A Way Further Up The Charts

[[tagnumber 0]][[tagnumber 1]]PositiveID Corp (OTCMKTS:PSID)’s stock wasn’t doing very good since the beginning of the year. In the middle of this month, however, things changed and we saw the ticker rise in both price and daily volumes.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]][[tagnumber 6]]PSID[[tagnumber 7]] experienced a bit of a tumble at one point, but quickly managed to stabilize. The actual reason for the uplift that the company stock saw was the fact that it has been promoted by several different outlets for quite some time now and there had to be a pay–off at some point. Looking at the numbers contained in the company’s report for the first quarter of the year we clearly see that it would be difficult for [[tagnumber 6]]PSID[[tagnumber 7]] to make such movements on its own.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 13]] [[tagnumber 14]]cash: $598 thousand[[tagnumber 15]] [[tagnumber 14]]current assets: $608 thousand[[tagnumber 15]] [[tagnumber 14]]current liabilities: $9.71 million[[tagnumber 15]] [[tagnumber 14]]quarterly revenues: $131 thousand[[tagnumber 15]] [[tagnumber 14]]quarterly net loss: $3.88 million[[tagnumber 15]] [[tagnumber 24]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Those numbers, however, don’t bother investors as it seems. Everyone is excited from all the artificial hype generated through paid outlets that it seems [[tagnumber 6]]PSID[[tagnumber 7]] can go even higher. Or can it? The paid promotion of the company stock is still ongoing and earlier today we saw the company itself aiding it.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This is no surprise, considering the fact that [[tagnumber 6]]PSID[[tagnumber 7]] itself was the paying party that was compensating The Wealthy Biotech Trader $25,000 a month for their efforts and also issued a $62,500 convertible note to the pump outlet.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]After the 19.21% gain that [[tagnumber 6]]PSID[[tagnumber 7]] experienced in Friday’s session, which left the company stock at $0.0422 at the end of the week, we see that the ticker is a bit hesitant in today’s trading. After gapping up at $0.0455 we saw [[tagnumber 6]]PSID[[tagnumber 7]] slip to a low of $0.039. The company stock is currently only 0.95% higher than Friday’s closing price and as it has already shown it can even slip below it.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Doing your due diligence and weighing out the risks before putting any money on the line is absolutely crucial as the stock is becoming more volatile under the promotional campaign pressure.[[tagnumber 2]]