Borislav Tonev

Pumpers Return to Nocopi Technologies, Inc. (OTCMKTS:NNUP)

by Borislav Tonev March 30, 2016

Nocopi Technologies, Inc. (OTCMKTS:NNUP, NNUP message board) can make some explosive runs up the chart. The stock proved this to us last month when a few no-compensation emails pushed it from less than a penny all the way to $0.05 in a matter of just two days. As you can see from the chart on the right, however, NNUP can also plummet back down as soon as the hype is gone.

On the very next session after hitting a $0.05 peak, the ticker lost more than a third of its value and thanks to a few more hits, it was soon struggling to keep its head above the $0.01 barrier. At the same time, like the promoters, investors fled the scene and NNUP was left to sink into obscurity.

In other words, the stock tends to react to the typical one-day pump campaigns that OTC traders are so painfully used to. Yesterday, the pattern was repeated again.

After a few weeks of silence, Epic Stock Picks and its affiliated outfits started touting NNUP and they presented it as their “redemption alert”. Like the February campaign, this one was done for free, and like the February campaign, it had an absolutely profound effect on the stock.

In a matter of six and a half hours, investors poured a whopping $473 thousand into the stock and they pushed the ticker to a close of just over $0.06 per share – a massive 433% above the value at the end of Monday's session.

Some people have already made a buck out of the vertical climb and they're now expressing their gratitude towards the pumpers for providing such a huge profit opportunity. Indeed, an early entrance and a well-timed exit gave a few savvy traders a chance to make some quick and easy money. But what about the people who reckon that holding on to the stock and waiting for a more sustained growth is the best call?

Well, the pumpers will eventually leave, and chances are, this will happen sooner rather than later. And we've already seen what happens when they're not around.

NNUP does have a business which is more than can be said about a vast portion of the companies that end up in the pumpers' sights, but as we mentioned last month, consistent revenues and profitability are still absent. Couple this with the lack of frequent press releases and you'll see that the threat of holding a stock that you might have problems selling in the future is very real.

Make sure you do your due diligence and act according to it rather than the pumpers' tweets and touts.

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