TechnoConcepts, Inc. (OTCMKTS:TCPS) Holds On with Another Friday Promotion
It seems a Friday promotion is a tradition for TechnoConcepts, Inc. (OTCMKTS:TCPS). Still, despite the reminder email of May 31st, TCPS fell down more than 21% on relatively large selling volumes of about 9 million shares, reaching $043.
The newest promotion comes from the same pumper, Blue Horseshoe Stocks, again joined with other tickers. Otherwise, TCPS is shy with press releases and other information, still relying mostly on trust and sentiment. TCPS burst forth from triple-zero positions, reaching a height of 5 cents before retreating a little.
According to the pumpers, the breakout has not reached its end, although the total climb is already 1600%. But intra-day movements may increase the total gains for fast investors who move out on time. Still, TCPS could easily wipe out most of the gains in a very short time.
Whether the trend will continue is still questionable, and we may expect bigger corrections on more serious profit taking. But another email may tide TCPS over, and continue the risky ride for a little more. Still, it’s good to remember that most pumps end unexpectedly and tickers deflate on lowered trading volumes.
As we mentioned before, TCPS is not sharing information with the public, so it is impossible to say what the company may offer in terms of real business. Whether the programming services it offers are unique or profitable is hard to say.
We could glean something about the possible fate of TCPS from other picks by Blue Horseshoe Stocks. One of the May selections, Renuen Corp. (OTCMKTS:RENU) is showing a mind-boggling diversity of movements, with a broad daily range all within the double-zero borders. TCPS may crash, but it may become a short-term speculative bet with even larger daily gains and losses.
With the new month looming, TCPS is also in danger of being forgotten, as new promotions flood the scene. Still, at 4 cents the ticker may achieve significant intra-day positions. But it is best to stay away unless you can afford the inevitable corrections.