TheDirectory.com, Inc. (OTCMKTS:SEEK) Climbs on Optimistic Expectations
The stock of TheDirectory.com, Inc. (OTCMKTS:SEEK) had an awful Tuesday session, when it dropped 20% in price. Yesterday’s session, however, brought some optimism and managed to make up for part of the loss.
Subsequently to SEEK announcing that they will be filing their unaudited financial report for Q3 of this year after Friday’s session things quickly turned around and the price started going up. The main reason for the climb, however, was that they mentioned some $250 thousand in sales for October.
This led to a 12% climb yesterday, on a volume that was below the average of 115 million shares. The total amount of shares that switched hands was estimated at 37 million and generated $204 thousand in dollar volume.
Today’s session also started well for SEEK‘s stock, which climbed as high as $0.0068, but the massive amount of traded shares took its toll and the price of the ticker is currently 8.93% down at $0.0051.
Considering that the Q3 financial statement of SEEK is still being expected, the stock might prove to be quite volatile. What is contained in it, however, will determine where things will go next week. Considering the possibility that the $250 thousand in sales that SEEK featured in the press release might be there in order to cushion a blow from bad results in the financial report we think that at this moment SEEK is one of the riskiest investment choices.
In any case, be sure to do a lot of due diligence and weigh out the risks if you have any thoughts of investing in SEEK.
Pan Global Corp (OTCMKTS:PGLO) on the other hand, managed to obliterate the whole gain in price that it obtained in the past 2 weeks after a third session in the red. American Community Development Group, Inc. (OTCMKTS:ACYD) also registered a third session in the red and closed at $0.0056 per share.