The resurgence of daily penny stocks pick from last week, Primco Management Inc. (PMCM), aka ESMG Inc., lacked the magic dust needed to put any real gains up on the board so far today. Coming off the heels of being acquired just one week ago by an pest extermination specialist, PMCM stock can’t seem to find any tune to groove to other than “Lady in Red” as shares continue to tumble from their 0.185 close on February 7. While the Company may have signed Urban cross-over singer Bruce E Bee, the only thing happening for Eat Sleep Media Group (ESMG) is Pump, Sell, Dilute.
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PMCM Stock Quote at 11:23:16 AM
Market Cap: 11.00M
Last: 0.0565 ▲ 0.0045 (8.65%)
Dollar Volume: $218,954
1st Support Level: 0.0448
2nd Support Level: 0.0375
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Bruce E Bee’s first release, “Let’s Ride” is an interpretation of the Isley Brothers’ song, “For the Love,” features the performance of Grammy Award winning artist Krayzie Bone of Bone Thugs-and-Harmony, and is expected to be released digitally worldwide in the next few weeks, according to the Feb. 13 press release. By that time, traders should be able to get shares of PMCM stock at around 0.02.
Primco Management was on target back on February 6th when traders noticed shares of PMCM stock suddenly began trading. Some were lucky enough to get in for as low as 0.1021 before closing at 0.15 on February 6, the first day the penny stock actually traded in 2013. Since then though, a botched promotion from daily penny stocks and a arge number of piggy backers looking for a stat padding alert added with today’s large group effort to pump some life into a nothing of a Company proved that there is no such thing as Magic on the OTC.
About PMCM Stock
Primco Management, Inc., operating as ESMG Inc., is an innovative, consumer driven interactive entertainment content provider whose mission is to acquire and develop new artists and strategic opportunities through their 5 operating units. Click here to view the SEC filings for PMCM.
Last 4 Trading Sessions:
Bottom Line: Failed promotions that get repumped like PMCM are nrmally only good penny stocks to trade if traders were forced to chase the tail for gains. Since most were smart enough to but their losses at the commissions only amount on PMCM stock on day one, the chances for seeing this show any real gains is unlikely until you get to under the .025 level.
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