Viking Minerals, Inc (OTC: VKMD) stock is exploding today after TBX announced it as their new big pick. Investors have been buying up shares thinking that it may mirror the success of TBX previous pick AGRT which ran from around $0.20 to highs over $0.50 where it quickly ran out of steam before collapsing.
TheBullExchnage become famous with the long publicized feud with AwesomePennyStocks (APS) who according to the TBX stole their entire database. Whether this is true or not is debatable, in any case TBX deals have become increasingly successful in recent months and they are starting to develop the loyal following the catapulted APS to magnificent highs!
According to the email alert from TBX today "Viking Minerals, Inc. (OTC:VKMD) is engaged in the acquisition and development of near-term producing copper, gold and silver properties in the United States and Canada". They go on to say that "We are committed to covering this company for the long term and will keep our subscribers informed as developments continue to occur at VKMD. GET READY to start fall with what we expect will be the hottest stock pick - VKMD. Your Dedicated Team at TBX
Conclusion: Although TBX has continued to grow and their picks trade big volume they have failed to bring investors any gains past the 1st or 2nd day. I would use AGRT, TBX last pick as a guideline for how to trade VKMD. In other words; if it gets to the .40 to .50 range it's a sell.
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.