Peter Hristov

Alliqua Inc (OTC:ALQA) Gets Even More Speculative After a Promotion

by Peter Hristov April 26, 2011

Why would anyone short a company which had received a speculative rating of 1 by Lebed, the highest level of confidence pick? Either people no longer believe the penny stock guru, or there is something else behind the curtain. In fact, the sinuous curve generated by promotions can provide ample opportunities for those who dare short penny stocks.

7ALQA_logo.jpgThat is why the action that took place yesterday on the market seems to be the result of highly speculative forces taking advantage of the expected promotion. Otherwise, there is no other explanation why ALQA erupted so much on volume yesterday. There were neither any publications nor any recent reports of the company that could have spurred investors to trade the stock.

In summary, it seems that the coming session of ALQA will be anything but boring to be watched at. The main question is who will get burned today - the longs or the shorts?

Type the characters that you see in the box (5 characters).