Georgi Kamburov

Alkame Holdings, Inc. (OTCMKTS:ALKM) Gets Cut In Half

by Georgi Kamburov September 25, 2014

After the end of Wednesday’s session the pump outfit StockTips issued another email alert in which they predicted that on the next day the stock of Alkame Holdings, Inc (OTCMKTS:ALKM, ALKM message board) would reach half a dollar per share. When trading resumed yesterday initially it seemed that the projection was correct – ALKM opened at $0.478 and quickly jumped to $0.513. What followed though was a total disaster.

With less than two hours before the end of the session ALKM crashed so hard that when the closing bell rang it had managed to wipe over 47% of its value and was sitting at $0.24 per share. During that period most of the 16 million traded shares for the day got dumped on the market.

Ever since StockTips announced that their new pick is ALKM we have been warning investors to be extremely careful when dealing with the stock. The artificial hype created by the pump may push the price up but there is always the inevitable crash and all those who missed the moment to cash in their holdings stand to lose a vast portion of their investment.

That is why you should always take what the pumpers say with a grain of salt. Today, right before the start of the session StockTIps sent an email calling yesterday’s bloodbath a “bump in the road” and “a bit of a loss” but what you would you expect when they are managing a disclosed budget of $4.6 million in order to hype the stock.

A few months back ALKM already suffered through the aftermath of a paid pump. When the promotion came to end the stock was decimated dropping from above a dollar to less than 10 cents in just three months.

Before you believe what the fictional character Mike Statler says in his emails you might want to take into consideration the fact that OTCMarkets have put the Caveat Emptor mark on ALKM’s profile.

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September 25, 2014, 10:14PM

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