Anastas Gegov

E-Waste Systems, Inc. (OTCMKTS:EWSI) Finally Starts to Rise

by Anastas Gegov October 29, 2013

The ticker was barely moving until around noon, when the ascent became more visible and the stock's price continued to rise during the whole day. Trades were equally scattered throughout the session as the company went on to close with a 27% gain in price.

While the price was moving from $0.05 to $0.013 we saw 4.2 million shares switching hands, that helped generate a trade value of $232 thousand, the highest in over a month of trading.

We haven't heard any news from the company itself in more than half a month, apart from a 8-K filing 13 days ago. This creates the possibility for the ticker to sway in both directions and it wont be a surprise if it changes course with the lack of information.

This is why we would advise you to do your due diligence and weigh out the risks if you have any thoughts of investing in EWSI.

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