Sigma Labs, Inc. (OTCMKTS:SGLB) Down Again After a Good Day
Just as it hopefully added a day of buying to the long streak, Sigma Labs, Inc. (OTCMKTS:SGLB) wiped out the gains at the end of last week, losing more than 18% to stand at $0.039. Without the support of promotions, SGLB could go even lower, burrowing into the risky layer of sub-penny stocks.
SGLB fights with a short-term correction, while there are statements that the company holds true longer-term potential. In the next few months, SGLB will gather the funds from its $1.2 million private placement, and this will have effect both on the financial data and probably on the company’s activity. Still, 3D printing commercial success is still only a hypothetical outcome.
Sentiment around the company changed in investor chatter, from a vague hope that the company’s operations will pick up, to disappointment that selling and locking in profits happened so soon.
On August 1st, SGLB tried to recover its image with a press release on a new MOU with the Technology Transfer Division at Los Alamos National Laboratory concerning a possibility for 3D printing of metal details. The message had some effect on Thursday, August 1st, but as we already know, not for long.
TechnoConcepts, Inc. (OTCMKTS:TCPS) is yet another ticker that created high hope around itself, currently hovering a bit below 3 cents. This stock, however, seems to be in a sideways drift, and may take some time before it repeats the rising trend of the past months. In general, technological concepts do a lot for penny stock companies, creating a believable hype and a sense of true potential to take over the world. Needless to say, this potential rarely materializes.
In the case of SGLB, 3D printing may be in fashion for a long while, although there are doubts as to its true applications. But the next few days will show if this stock finds a support level and rebounces, or if it would sink into oblivion.
Petron Energy, Inc. (OTCBB:PEII), a heavily promoted stock, managed to produce a similar graph, rising rapidly only to wipe out most of its value and stand at around 3 cents, awaiting buying to resume.
More press releases could enliven SGLB, at least temporarily. But keep in mind that the pessimism is prevailing for this stock, and a correction is always awaiting round the corner. Do your independent research and do not invest unaffordable sums, no matter how optimistic you are about the “new industrial revolution” of 3D printing.