Kaloyan Gadzhev

A Typical Pump for MacroSolve, Inc. (PINK:MCVE)

by Kaloyan Gadzhev April 27, 2012
1MCVE_chart.pngYesterday traders had a chance to lose some money on MacroSolve, Inc. (PINK:MCVE, MCVE message board). A paid pump had the stock open with a gap, and there was no chance to make any profit if one had entered yesterday.

In the end MCVE closed down 20.38% at $0.0875. Approximately 1.2 million shares changed hands, most of those at about $0.12.

A third party paid $20 thousand for the pump of MCVE, which may continue today, although when promotions last more than a session, the effect tends to go away the very first day.

In addition to the pump, MCVE issued a press release. The company announced the launch of a T.G.I. Friday's app in collaboration with The Richards Group.

It seems shareholders will have to wait for a financial report to see whether this collaboration will do anything for the business performance of MCVE. The annual report showed MCVE is still losing a lot of money.

04MCVE_logo.pngThe market reaction shows that at this point investors are not convinced MCVE is worth more. Those who bought in the promotion may have to wait a long time before they can break even, if such an opportunity ever comes.

Comments 1

1. Guest
May 29, 2012, 01:38PM

Quotes Perfect analysis of the stock

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