Struggling to find a high-risk penny stock to gamble on at the start of the week? Have a look at e-Rewards Network Inc. (ERNI), aka Rewards Nexus Inc. Having been shuffled around for a little more than 2 weeks now, the teaming up of their Earn IQ Inc. subsidiary with Baruch College to help them enhance their corporate value, ERNI stock looks like a perfect play to help you move from Wall Street to Sesame Street in less than 2 trading sessions.
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ERNI Stock Quote
Market Cap: 9.06M
Last: 0.12 ▼ -0.02 (-14.29%)
Dollar Volume: $24,632
Issued and Outstanding: 75,523,440
14-Day Rel Strength: 35.56%
1st Resistance Point: 0.1583
1st Support Level: 0.0833
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For more than 2 years the Cypriots over at e-Rewards Network have been trying to get their Rewards Nexus, customer loyalty and rewards program up off the ground in and around the New York metropolitan area. Focused on the online food ordering market there, the company’s Earn IQ and Alpha Card Technology have crated enough of a revenue buzz that a single homeless person could easily satisfy their appetite cravings for an entire month from the gross profits generated during the first 6 months of 2013.
Just over $20,000 is how much revenue e-Rewards Networks booked for the first half of 2013. Not that it matters much since ERNI will be a long forgotten ticker before you order lunch on Tuesday, but with 35,368,277 shares in the reported float, any entry point above 0.05 today is as risky as buying into APS’ most recent suspended pick, PVEN, when it returns on the grey market in a few days.
There is a whole lot of money riding on ERNI Stock trading some big dollar volume at the open which, anyone who has been witnessing the lack of activity on the OTC over the entire month of October will tell you, ain’t going to happen. There are much better ways to risk one’s precious money on penny stocks than to get tapped in the gap at the open today on ERNI.
About ERNI Stock
e-Rewards Network Inc., operating as Rewards Nexus, is a pinsksheet listed, development stage company focused on creating a strong, sustainable, high performing network of retailers from different sectors within the U.S. that distributes products and services to a wide consumer base while offering discounts, promotions and rewards.
Click here to view the financial filings for ERNI on OTCMarkets.
Click here to view the website for Rewards Nexus.
Last 5 Trading Sessions:
The confidence level is very low for ERNI to be a top performing penny stock this week. Be that as it may, ERNI stock is going to get its limited amount of action today with the real chance of gains coming of the bounce after only $30,000 trades in the first hour.
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