Tranzbyte, Corp. (PINK:ERBB) Continues to Log Good Days
A new month may be setting an optimistic buying streak for Tranzbyte, Corp. (PINK:ERBB), which has doubled its price since the beginning of February, on a mix of valley buying of accessible stocks and the after-effects of a promotional mailing campaign. 
ERBB comes with the warning that is is a day trade recommendation by The Stock Mister. With this in mind, we may expect investors to jump in and quickly try to grab onto the possibility of big daily gains. But this also means the risk of sharp corrections, and the fact that ERBB is hardly a dazzling star of business.
The company, taking up different business subsidiaries to give them exposure to the OTC market, has little reserves of its own, due to the fact that it lists only two of its ventures as successful. The financial filings show the following:
- $1,761 cash
- $3.7 million in current liabilities
- zero quarterly revenue
- $210 thousand in quarterly net loss
The latest development for Tranzbyte is Altitude Organic, an entity that aims to cut a chunk of the lucrative legal medical marijuana market, combining its business with the production of organic fertilizers. But even the promise of the highest yields in the industry can erase the general message of ERBB– that it is mostly an underpriced day play at $0.007, and the most remarkable thing is the doubling of the price in a few days, from $0.0035.
The current pump for the Stock Mister is Location Based Technologies, Inc. (OTC:LBAS), a producer of an in-demand personal tracking device. While the ticker holds some promise for longer-term business, it is still used as a day play, the latest record being of a sizable drop of 20% in a day on 2 million stocks sold. So before you take up on the fast and furious trading advise of The Stock Mister, it is best to research each company and make your own estimation of the acceptable level of risk.
