Not to be overshadowed by the obvious promotional activity on VuMee Inc. (VUME), many traders are opting to catch a cheaper alternative to playing the market. The alternative: Todays Alternative Energy Corp. (OTC: TAEC), a dead penny stock that is set to surge on Wednesday after announcing absolutely nothing. Not a PR release, not a new contract, not even a resigning of a failed member of management — just some magic dust which turns into a bag at 4PM. TAEC stock is on the pump and traders riding the intraday swell could see themselves in a good position to make $100 or more.
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TAEC Stock Chart
Market Cap: 590.77K
Last: 0.021 ▲ 0.0085 (68.00%)
Dollar Volume: $180,019
Issued and Outstanding: 28,132,026
14-Day Rel Strength: 56.94%
14-Day Stochastic: 65.38%
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Trading on old data is one thing, but considering that Todays Alternative Energy Corporation has one billion shares authorized and, although they aren’t late, has not filed anything with the SEC since the period ended July 31, 2012. It’s kinda like taking a dump in the dark in a campground called Crystal Lake.
The likelihood of the Company’s cash on hand as of July 31, 2012 being just $324 is probably the reason why they haven’t issued any PR. Actually, unless something dramatically occurred which no documentation has been filed to supported, all the assets the Company had was the $324 6 months ago. It’s highly unlikely that they sold a bunch of stock put themselves in the position whereby they can produce, sell or even purchase some biodiesel.
With over $1.5 million in convertible notes current as per the last Q filing, the best chance any of the unfortunate shareholders of TAEC stock had to pass it along would have been to sprinkle some Magic dust on it and let the subscribers who received TAEC alerts file in an organized, single file line at the desk of the complaint department.
About TAEC Stock
Todays Alternative Energy Corporation is a development stage company. Our business has two primary opportunities that we are developing. We have a green cleaning products business that is organized to use our own scientific formulations to manufacture and sell a new line of industrial strength environmentally friendly biodegradable cleaning products that contain natural non-toxic ingredients. Click here to view the SEC filings for TAEC.
Last 5 Trading Sessions:
Bottom Line: TAEC looks like a “bagger” alright, a teabagger. If you got into this penny stock from an alert this morning, take the profits and forget about holding shares at the close. Much better offers are out there for stronger, more liquid runs like ECAU or VUME for example.
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