3D Eye Solutions, Inc. (OTCMKTS:TDEY) Grows Over a Penny
Finally, 3D Eye Solutions, Inc. (OTCMKTS:TDEY) has broken through the ground at 1 cent, and we have to see how far it sprouts. TDEY continued to grow robustly two days in a row, adding a further 36% to the price, on dollar volumes above $935,000.
The stock reached $0.0132. TDEY is not having a new promotion since October 21st, but the high expectations and enthusiasm, the volumes more than doubled since yesterday, created the good run. The latest climb also followed a press release on a partnership with a movie content company.
But in the case of TDEY, the price is low enough to suspect that a reversal is highly probable in the next few days or weeks. TDEY started trading at around 10 cents, had a brief run up in 2012, to 4 cents, but slid back down below a penny. Now, the upward trend is happening on much higher volumes, and may chart a different story. Part of the volumes are based on promotions, but TDEY has an active enough base of investors.
TDEY is not in paid promotion, but several newsletters such as Stock Aviator and HotPennyPicks mention it, spreading the enthusiasm and an expectation for a run up to a few cents.
Other double-zero tickers behave quite differently. Itonis, Inc. (OTCMKTS:ITNS) showed huge day swings up and down, until record selling wiped out 25% of its value in a day.
For TDEY, the great promise is related to the company’s potential to gain influence in media and reach consumers with a widely distributed application. That, of course, is an uphill battle in a world overcrowded with attention-grabbing software.
Investors’ forums are optimistic about a future where consuming TV and cinema production would happen through an application. Yet the stock’s movement would almost certainly outrun such a development.
TDEY is still accessible, though 10 times higher since the beginning of October. Still, past performance is no guarantee of future events, so avoid TDEY unless you can afford a slide back to lower positions