Cheap OTC Stocks to Day Trade: PeopleString (PLPE)

When it comes to finding cheap stocks to buy, the OTC is the place to search and compile a list of penny stocks to watch. One of those cheap stocks to watch is PeopleString Corp. (OTC: PLPE) whose penny stock has gained 78.95% YTD. Although the volume and trade size is incredibly small, around $1,000 worth according to the last trading session, PLPE was trading at $1.12 just over a year ago.

All those people holding those “Google pays me $3,876 a month” check advertisements is basically what People String offers. If you were to imagine a really simple business it would be difficult to dream up something easier than People String. However considering PLPE revenues fell roughly -73% in 2011 compared to 2010, it makes sense why the stock price has also fallen, down -90.12%.

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PLPE Stock Snap Shot:

Market Cap: 3.25M
Enterprise Value: 3.04M
Price/Sales (ttm): 4.92
Price/Book (mrq): 10.22
52-Week High
(Apr 27, 2011): 0.86
52-Week Low
(Dec 27, 2011): 0.03

Avg Vol (3 month): 534,508
Avg Vol (10 day): 535,343
Shares Outstanding: 38.22M
Float: 21.35M
% Held by Insiders: 20.33%

Support & Resistance:
1st Support Level: 0.0717
2nd Support Level: 0.0583
1st Resistance Point: 0.1067
2nd Resistance Point: 0.1283

5 Day Summary:
Percent Change: -5.56%
Moving Average: 0.0879
Average Volume: 799,223

On Friday of last week, PeopleString Corp. announced signing an LOI to buy 51% of gasoline and consumer goods discount club BiLo Media, Inc. According to the terms of the LOI, Scott Harkness, current Chief Executive Officer of BiLo Media, will be appointed CEO of PLPE upon closing of the transaction. BiLo Media offers pre-paid gasoline cards that allows cardholders to buy gas at some of the largest retailers in the U.S. for an average savings of around $0.12 to $0.18 cents per gallon.

About PeopleString:

PLPE‘s patent pending “Share It Up” technology uses the power of social media to create coupons that increase in value if shared and rewards loyal customers who share their favorite merchants with others. PeopleString also offers patent pending “Insta Portal” technology which lets users import parts of their favorite websites onto their own PeopleString homepage.

For more information, visit and/or and also

About BiLo Media:

BiLo Media operates a technology platform that powers its consumer goods and gasoline discount clubs. Their strategic marketing/distribution partnership together with their technology platform allows BiLo to offer discounts on consumable goods and retail stores through their pre-paid cards and discount programs.

To view the 10-K and other SEC filings for PLPE, click here.

Bottom Line: PLPE is on the pump which is about the best thing this penny stock has going for it at the moment. The news of their controlling interest LOI with BiLo did nothing to prompt momentum in the stock on Friday and Monday so perhaps a few circulated emails and write ups will help.

Add PLPE to your list of penny stocks to watch, but tighten up your stops on it and look at as a day trade. Plan your trade before you get in so that you already have your exit set since liquidity and pps are a major concern at its current stage. As a 2nd option, you could be safer betting on the Texas Rangers each time Yu Darvish pitches and come out a bigger winner after he just schooled the Yankees yesterday.


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