China Teletech Holding, Inc. (OTCMKTS:CNCT) Again Mends Record for Stock Psycho
Volumes and promotions go hand in hand- and for China Teletech Holding, Inc. (OTCMKTS:CNCT) this is a habitual move. The company was immediately responsive to the May promotions, and boosted its volumes to record levels with a new campaign landing on August 12th. The Stock Psycho sent away three no-compensation emails to boost this otherwise inactive ticker, and now the next few days will show if the volumes keep or go back to baseline as in the past.
We have not visited this company since February, when an older pump brought it to life. At that time, we deemed it a pump that has the main aim of boosting records, and that explains why Stock Psycho keeps returning to this ticker without a compensation, and there is no third party that could potentially hold shares and dump them on the market.
Third time’s a charm, so we can pretty well predict that CNCT would continue with disorganized movements, and hardly do anything on its own that would be worth mentioning. We can easily leave this ticker to its fate, but keep in mind how dangerous Darth Trader promotions may be- the alias of Stock Psycho, operated by Focus Media.
No wonder the Stock Psycho is taking up a more solid, old-acquaintance ticker, given where it was a few days back, touting Xumanii International Holdings, Corp. (OTCMKTS:XUII). And now American Soil Technologies, Inc. (OTCMKTS:SOYL) is rearing its head, threatening to make a similar rise and crash move. The average compensation for Stock Psycho is $90,000, a reasonable amount that could send many tickers flying to heights otherwise unachievable.
Otherwise, CNCT is not a talkative company, only sharing the bare minimum of financial results and internal affairs. Recently, the company’s director Yau Kwong Lee resigned, and a new name for the head of the board has not been appointed.
This time around, CNCT does not bear the skull and bones warning for too high promotional activity. But it has happened in the past, and is a good lesson if you feel like CNCT is just the right company that could develop in the longer term.