How High Can Spindle Inc (OTCMKTS:SPDL) Go?
From $0.65 to $2.40 in just over a month. This run was made by Spindle Inc (OTCMKTS:SPDL)’s stock and having seen it, quite a lot of investors are probably very impressed. Some of them are most likely a bit worried as well.
We last covered SPDL on October 9 when the stock had made an impressive run and was already challenging the $1.50 per share mark. Now, just twenty-seven days later, the ticker stands at $2.40. What’s more, the intense trading during yesterday’s session pushed the price to an intraday high of no less than $4 per share. It’s clear that the stock is put under tremendous buying pressure, it hasn’t registered a red close for almost two weeks and, although discussion boards are eerily quiet, especially considering the impressive run, we’re quite sure that some of the investors are expecting the ascend to continue. Will this happen though?
To find out, we have to look into the cause of the sudden rush towards the higher end of the charts. As we mentioned a month ago, a couple of Seeking Alpha (SA) articles hit the wire suggesting that Facebook Inc (NASDAQ:FB) should think about acquiring SPDL because of the small venture’s “massive growth potential”. Since then, one more SA review has been published and it pretty much goes along the same lines (this time, the author has included eBay Inc (NASDAQ:EBAY) and their latest acquisition, Braintree as an example of how profitable SPDL can turn out to be). This, along with a few optimistic announcements made by the company itself have certainly helped keep the fire going.
Once again, it’s up to you to decide whether you should trust the contributors on Seeking Alpha or not, but you can be sure of one thing – although many OTC companies are touted as potential buyout opportunities for the big boys, few actually make the grade. Examples really are plentiful and they are, more often than not, found in reports, landing pages and emails prepared by the paid pumpers. We’ve seen them use this particular argument during the promotions of companies like Arch Therapeutics Inc (OTCBB:ARTH), Petrosonic Energy Inc (OTCMKTS:PSON) and Nuvilex Inc (OTCMKTS:NVLX). Needless to say, none of the aforementioned acquisition has been closed so far which means that instead of cashing in on some healthy profits, the investors who put too much faith into the pumpers’ promises are forced to deal with heavy losses.
Fortunately, there seems to be no paid promotion for SPDL at the moment, but we must point out that traders are not out of the woods just yet. As we mentioned in our previous article, a landing page has been set up, but unlike the majority of other such websites that are full of promises of wealth and fortune, this one is aimed at revealing why “you should get out now before the SEC shuts this scam down”. Unfortunately, we can’t know why the people who have created the page are calling SPDL “a scam” since we have yet to receive their report. The problem is, they are obviously trying to tell investors that the ticker is not the best place to put their money and this could definitely influence the price.
That’s why, doing a lot of due diligence and being extremely careful is an absolute must when contemplating a potential investment in SPDL. Especially now, when the share price is well above the $2 mark.
