Dragni Dragnev

Electronic Cigarettes Intl Group Ltd. (OTCMKTS:ECIG) Rises To A Dime

by Dragni Dragnev February 26, 2015

Electronic Cigarettes Intl Group Ltd. (OTCMKTS:ECIG, ECIG message board)'s climb yesterday took it all the way up to $0.11 on a dollar volume of 2.3 MILLION.

This latest push is the culmination of the climb that began two weeks ago and represents a return to a high that ECIG dropped out of more than two months ago. Unsurprisingly, the company's supporters are cheering the ticker's ascent on and are currently celebrating its return to prominence. But do they really have all that much reason for joy?

Yes, ECIG stock prices are clearly on the rise in spite of the fact that, as far as due diligence can reveal, there is no discernible reason behind said climb.

The company doesn't have any new filings that could convince investors to commit, or PR announcements of its positive achievements. It is, in all honesty, eerily quiet.

Moreover, the latest filings that hit the web were a couple of proxy statements, urging investors to vote in favor of an increase in the company's authorized share count AND a reverse split.

As we've said before, currently ECIG's charts look good and it appears that it is gathering even more upward momentum. Today's rapid climb proof of that. Still, there is just no way to predict when the company will slip up, as it tends to, form time to time. And if it does, overhyped as it is, and with nothing else to keep it afloat, the results could be disastrous.

This is why investors will do well to approach ECIG carefully.

 

Comments 10

1. Guest
March 04, 2015, 09:26AM

Quotes Where are Dragni's pearls ????? More please .

2. Guest
February 26, 2015, 08:39PM

Quotes hmmm he's correct that not much has been said lately, but that doesn't mean something well has happened behind the curtains! .1415 is cheap for the valuation of $ECIG this could potentially reach .50 pre-split if an R/S is voted upon. When the good news comes out it will jump higher, good thing i'm already in.

3. Guest
February 26, 2015, 04:38PM

Quotes Due Diligence Alert...

PIERCING THE VEIL (PART I): ANSON FUND
ansonfundconspiracy.wordpress.com/2015/01/01/piercing-the-veil-anson-fund

PIERCING THE VEIL (PART II): WHO IS JONATHAN DAWS?
ansonfundconspiracy.wordpress.com/2015/02/20/piercing-the-veil-part-ii-who-is-jonathan-daws

4. Guest
February 26, 2015, 04:05PM

Quotes Fewer players now ecig may present greater value going forward.

altria-offers-atlantic-vapor-seven-figure-deal-for-ecig-predicate-product

5. Guest
February 26, 2015, 03:43PM

Quotes Two bits..................................................Two bits.... coming up ..... tomorrow ?????????????????

6. Guest
February 26, 2015, 12:11PM

Quotes Thanks Dragni, your Free Advice is worth exactly what I paid for it

7. Guest
February 26, 2015, 12:10PM

Quotes Hah hah, I gave you reasons yesterday and you ignore them. I am now triple my money by ignoring you. Seriously undervalued stock with a real business.

8. Guest
February 26, 2015, 11:32AM

Quotes Correction:
"you get what you pay for"

9. Guest
February 26, 2015, 11:31AM

Quotes As they say "you get what you pay"

As for what is "eerily" (really) driving things might just be short covering before March 10. Now why would that be Dragni. hmmm.

10. Guest
February 26, 2015, 10:31AM

Quotes Keep talking Dragni ...... i love you. You are not long and have been wrong. Very accurate indicator.

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