The Pump For Tiger Oil and Energy, Inc. (OTCMKTS:TGRO) Shows A Strong Performance

After a couple of sessions that showed quite a hesitant performance from the stock of tiger Oil and Energy, Inc. (OTCMKTS:TGRO) yesterday it moved in only one direction and that was up. The stock jumped by exactly 20%, added 10 cents to its value and closed at $0.60. Curiously enough the surge happened despite the absence of the usual morning email alert sent by StockTips.

That however didn’t stop investors from trading more than 3.7 million shares and nearly tripling the amount from Tuesday’s session. The intraday high of $0.62 almost reached the 52-week high for the stock of $0.635.

In the last email from StockTips they announced that they expect TGRO to go as high as $2.50 per share. Well, even with a casual glance at the financial situation of the company you will see that such a number is quite disconnected from reality. Just a few months ago, at the end of September, TGRO had achieved the following financial results:

• $1527 cash
• $1727 total assets
• $117,442 total current liabilities
• No revenues
• $3.9 million accumulated deficit

Since then there have been no official filings or even PR articles announcing that a new source of funding has been secured. That is why more and more people are starting to realize that TGRO is nothing but a pump play and is being pushed upwards solely by the artificially created hype.

On Monday an article was published on SeekingAlpha that summarizes much of the more serious red flags around the company. As we have said numerous times in our own coverage on the stock the past involvement of their insiders with pumped stocks should prompt you to use extreme caution when dealing with TGRO. Especially when the increased activity of the SEC has resulted in a record number of suspended pumped stocks.

After three week of silence another big-budget pump became active this week. On Wednesday 900 Percent Stocks once again started touting the stock of Endeavor IP Inc (OTCBB:ENIP). On the first day the stock reacted positively making an impressive climb of nearly 18% but the hype was short-lived and yesterday it plunged by 9% back down closing at $0.65.