Vapor Corp. (OTCMKTS:VPCO) Rises Ahead of Wells Fargo Forum Presentation
Vapor Corp. (OTCBB:VPCO), the bellwether of electronic cigarette companies, is becoming more and more attractive, even without an official promotion. The ticker added more than 19% on Tuesday, reaching $1.24, on dollar volumes above $1.5 million, very robust a second day in a row. For VPCO, it seems the breaking through the dollar levels brought new momentum.
VPCO drew attention to itself as it is preparing a presentation to an investors’ forum on November 21st. The event, targeted at the sector, is titled the Wells Fargo Securities Inaugural E-Cig Forum. For many tickers, an investors’ forum is a doorway to more active trading and a loyal investor base, especially if the company shows potential.
Surrounding VPCO is talk of a reverse split and an uplisting to NASDAQ, where higher exposure and credibility would invite more investors. The company wants to differentiate itself from the OTC label, where electronic cigarettes are a business taken up by riskier companies.
One such bid is Victory Electronic Cigarettes, Corp. (OTCMTS:ECIG), which is scheduled to present on the same investors’ forum. The company posted its first revenues of $1.5 million in June, though it still has to update its filings. The ticker initially traded around $50, but was depressed by selling, to reach $10. The big drop caused ECIG to be viewed with suspicion, and VPCO to be seen as the more reliable e-cig company. But time will show which stock survives better.
Alternative smoking products also boost the trading for 22nd Century Group, Inc. (OTCBB:XXII). Recently, the shares broke out of a valley and above the dollar levels. On Tuesday, XXII grew to $1.20, adding 9% on dollar volumes above $1.05 million.
There three tickers may see a strong week as investors’ interest cascades, especially after Thursday’s conference. For VPCO, a price of a few dollars is seen within reach at investors’ forums. Yet the fast climb may not come without its glitches, as profit-realizing drags the ticker down.
VPCO has the added benefit of e-cigarettes being recognized in Europe. Also, the stock is among the very few small cap tickers in the sector, so scarcity is an upside factor. This pure-play company has no name changes and focuses on its own portfolio of products.
Even a higher price is no guarantee for a stock’s solidity. If you want to take VPCO on board, it is best to estimate your own preferred time frame, to avoid being caught by time stretches where the shares stagnate or correct