Puget Technologies, Inc. (OTCBB:PUGE) Can’t Go Up Despite The Touting
Puget Technologies, Inc. (OTCBB:PUGE) is going through a tough period lately. The previous time that the ticker was touted was back in the beginning of October and caused the stock to crash hard on heavy volumes.
PUGE managed to regain some of its value over the couse of the month until it started to slide down again with the beginning of November. Stock Mister (SM) stepped in to tout the company stock on November 3, but the promotion didn’t work out as expected and the ticker continued its downward slide.
Despite the fact that SM didn’t receive any compensation for the promotion, it was mentioned that he has a relationsip with Entourage Media (a third party), who has interest in liquidating owned shares. We checked Entourage Media out and found that it is a one-man-company, which leads us to suspect that Rafael a/k/a Stock Mister might be touting PUGE in order to sell his own shares.
There were no further emails from SM and the stock continued its descent. On November 12 Information Solutions Group, LLC also promoted the stock, but the results didn’t differ much from SM’s effort and the ticker remained on a downward course.
The volume of traded stock is rising in the past 3 sessions and yesterday PUGE recorded the biggest percentile loss in almost a month. The ticker lost 12.50% of its value while over 351 thousand shares switched hands and generated $330 thousand in dollar volume.
The company is issuing press releases regularly, trying to aid the promotion, but the effort isn’t paying off. In any case, be sure to do a lot of due diligence and weigh out the risks if you have any thoughts of investing in PUGE.
Nano Labs, Corp. (OTCBB:CTLE) on the other hand is still continuing to climb and recorded another whopping gain of 65% in yesterday’s session. The volumes of traded stock are also increasing and a serious correction might come pretty soon. Nevada Gold Corp. (OTCBB:NVGC) also recorded a good 37% gain and managed to make up for the previous session’s drop.
