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  • Is It Comeback Time For Great Wall Builders, Ltd (OTC: GWBU)?

    As expected, shares of GWBU have dropped significantly from the highs near $2 at the height of the AwesomePennyStocks (APS) promotion. If you look through my previous articles on GWBU I have been predicting the crash and drop to a nickel since the day that APS announced it.

    It is easy to predict where an APS pick will go; one only has to look as far as their previous 2 picks to GWBU; NSRS and SNPK (both trading under a nickel) to know where GWBU would end up.

    Yesterday GWBU hit an all time low of $0.052 in the morning and then quickly bounced and started moving up on fairly large volume. We suspect this could be the start of a decent intra-day bounce that could easily take the stock back over the $0.15 level.

    One has to keep in mind that GWBU dropped from near $2 to $0.05 in less than a Month; stocks that drop this quickly, even heavily promoted stocks tend to have significant bounces initiated by short covering and continued promotion.

    Both SNPK and NSRS had 100% + bounces from their all time lows long after their big runs and I suspect GWBU will do the same. It is being promoted here by a number of 3rd party websites all saying it's come back time for GWBU. This may give some hope to the unlucky investors who bought into GWBU at the height of the APS promotion over $1.50 who are now down big.

    Judging by the trading of previous APS picks I do not see the GWBU bounce lasting for long. In fact I see it as a short and quick exit opportunity to get at least some value out. Volume is excellent and there is a significant short position that needs to cover so the chances of continued intra-day upside are very good here. However I do not see it lasting for more than 1 or 2 days. It's not come back time for GWBU, it's the final cough before it drifts to under a nickel and slowly loses its liquidity.

    OTCMagic.com is quickly becoming the preeminent destination for up to date information on the hottest stocks in Penny stock World

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Jul 25 8:30 AM | Link | Comment!
  • The Rise And Fall Of IDO Security, Inc (OTC: IDOI)

    Anyone who has had an eye on Penny Stocks over the past 10 days has seen the meteoric rise of IDO Security, Inc (OTC: IDOI) from a starting point of around a quarter the stock rose to a high of $0.74 on massive volume (well over $10M in dollar volume the last few sessions) before collapsing this morning after the announcement that a private citizen was suing IDOI for violating codes 17529.5 (anti-spam)

    George Sharp filed the action in San Diego California:

    ""In his complaint, Mr. Sharp states that the Defendants deliberately hired offshore promoters and/or advertisers to disseminate unsolicited emails under the identities Stock Castle, Wall Street Penny Stock Advisors, Hottest Penny Stocks, Magic Penny Stocks, Obscure Stocks, and Ultimate Penny Stock, imploring him to buy IDOI, EMPIRE and MUSTANG stock; and, in spite of multiple attempts by the Plaintiff to opt out of these emails, the spam continued to be sent to his inbox. Under BPC Section 17529.5, violators are subject to pay damages of up to $1,000 for each spam email to each recipient. Mr. Sharp is also seeking a preliminary injunction against the defendants in order to prevent the practice from continuing.""

    Regardless of his intentions and they are suspect; Mr. Sharp effectively destroyed IDOI stock this morning sending it into a nose dive of epic proportions. In less than an hour the stock dropped from the mid $0.70 to lows of $0.38.

    IDO Security, Inc is Headquartered in New York with a subsidiary in Israel, IDO Security designs, develops and markets the patented MagShoe(NYSE:TM) shoe scanning device (NYSE:SSD), filling a critical void in today's detectors by extending screening to the lower body and feet. MagShoe(TM)'s "shoes-on" design maximizes security, thoroughness and accuracy while eliminating the need to remove shoes for increased convenience and safety; neither invasive nor harmful to the body as some of the other screening devices currently used in the marketplace. Ideal for security and loss prevention at virtually any facility, MagShoe(TM) is currently in use worldwide at international airports, cruise lines,

    There is little doubt that the IDOI is guilty of the charges levied by Mr. Sharp but it does not seem fair that one person should have the ability to so easily destroy so much in market value. Shareholders of IDOI lost millions this morning because of Mr. Sharp's lawsuit; maybe they should considering suing him?

    OTCMagic.com is quickly becoming the preeminent destination for up to date information on the hottest stocks in Penny stock World

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Tags: IDOI
    Jul 24 12:46 PM | Link | 2 Comments
  • Marine Drive Mobile Corp. (OTC: MDMC) Exploding The Last 2 Sessions!

    Shares of Marine Drive Mobile, Corp (OTC: MDMC) have exploded the last 2 sessions on massive volume. From lows of a dime, the stock has moved back up to a quarter and traded well over $10 million in dollar volume the last 2 days. While this one could still move much higher in the short term we do not see MDMC as a long term hold.

    Marine Drive Mobile Corp is a San Francisco-based technology company dedicated to bringing simplicity, innovation and disruption to the online coupon industry. Their mission is to transform the online coupon space by giving businesses a totally free online advertising platform that makes creating and promoting daily deals as simple as sending an email. Marine Drive Mobile connects merchants and consumers through our proprietary software platform and business systems. Their flagship product, eTeeoff was launched to introduce golf industry merchants to a zero-cost way to create deals and offer their own electronic coupons.

    This is a stock that we have reported on a lot over the past few months. This is a heavily promoted stock that made a run from $0.50 to a $1.25 earlier this year on the back of a multi -million dollar hard mailer and landing page promotion.

    While the stock has traded over $10M in dollar volume the last 2 sessions and is currently up well over 50% traders should remember that this is a short term swing trade. This is not the kind of stock one wants to hold over the longer term. Over the long term it will continue to drop. However, judging by the massive volume and the stocks prior history of successful promotion, MDMC could go much higher in the short term!

    OTCMagic.com is quickly becoming the preeminent destination for up to date information on the hottest stocks in Penny stock World.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Jul 23 1:05 PM | Link | Comment!
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