If you jumped on the Best Damn Penny Stocks bandwagon yesterday and got into Allerayde SAB, Inc. (ASAB), chances are you didn’t lose much money – yet. Highlighted weeks ago as a serious candidate to be the BDPS pick, ASAB stock didn’t actually trade so poorly once they dipped it at the open to 0.25. With expectations of some huge shorting to come today, tomorrow and Friday, buckle up and prepare to take the red pill since even the first PR about their anaphylaxis pen product may not be enough to push it over 0.50.
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ASAB Stock Quote
Market Cap: 37.38M
Last: 0.42 ▼ -0.085 (-16.83%)
Dollar Volume: $1,180,352
Issued and Outstanding: 89,005,250
14-Day Rel Strength: 58.77%
1st Resistance Point: 0.5767
1st Support Level: 0.2567
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Despite the alerts calling Allerayde SAB the pick of the year by all of the BDPS affiliates, the mere mention of Asher Enterprises anywhere within your 4 most recent Q filings is a combustible combination that rarely ever leads to retail buyers making any money. Within the alerts issued shortly after yesterday’s opening bell, a call for $1.50 and an 8-day time period were thrown in there, both of which are so far off target that it’s scary to think how many novice investors are going to get their pants ripped off them from ASAB stock.
No syndicated news source has yet to be linked to any announcements from the short-term pump, a scenario which is likely to change prior to today’s open. Having already been trading now for over 2 weeks, shares of ASAB are out there to short, just like they are for Awesome Penny Stocks’ Press Ventures (PVEN) pump making the shorts the only ones likely to see any sort of profits worth tweeting about before the weekend.
A couple of other penny stocks which seem to have taken flight are Stevia First Corp. (STVF) and CVSL Inc. (CVSL). STVF stock, a wicked-awesome promotion gainer from back in early 2012 saw some significant action yesterday trading $849,558 in dollar volume, 316 trades (the 21st most traded on the OTC Markets) before closing just shy of a half-dollar at 0.492.
CVSL stock, up over 825% since John P. Rochon took over the shell corp in late 2012, has caught fire this last month and yesterday caused a massive bottleneck on most penny stock message boards. The former CEO of Mary Kay Ash Cosmetics and multi-task specialist when it comes to firing on all cylinders to make a profit is heading up what looks like one of the most ridiculous money making start-up company’s we’ve ever seen.
Anticipating to be knocked off the chair when their Q3 filing comes out, CVSL had $18,447,053 in cash as of June 30, 2013 and revenues for the 3 months ended, their first true quarter, of $20,116,868. Having been cited by Bloomberg as having had preliminary discussions prior to yesterday’s hostile attempt, CVSL is apparently attempting to buy Blyth, Inc. (NYSE: BTH) in a $269 million cash deal.
Although the Company might not appear to have the cash on hand, Rochon and most of his sidekicks which also came from the Mary Kay Ash pink Cadillac dynasty have their fingers in a number of pots of water, including RealPage Inc. (Nasdaq: RP). Look for CVSL stock to pop its 500,000 share volume cherry before calling it on fire.
About ASAB Stock
Allerayde SAB, Inc. is a development stage company engaged in the business of developing and manufacturing allergy management products in the United Kingdom and other countries such as the U.S. and Canada.
Click here to view the SEC filings for ASAB.
Click here to view the website for Allerayde SAB.
Last 5 Trading Sessions:
Although ASAB stock is doomed, STVF and CVSL make for 2 decent penny stocks to watch closely today. Heading into Halloween, shorts are in charge when it comes to ASAB and PVEN which any noobie trader in either of the 2 should take note of and tighten up their shoelaces if they are thinking of holding out for an unlikely green exit.
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