Tomorrow, the hottest penny stock from today, AvWorks Aviation Corp. (SPLI), officially becomes Vapor Group, Inc. (VPOR) after the eCig driven company announced today that it had received approval from FINRA for a change of its name and symbol. Once the best short on the OTC after shares peaked at 0.45 at the start of April, SPLI stock is continuing to take the shirt off the back of short sellers, jumping as much as .10 since it bottomed out on April 15th. With 2 very significant multi-session rallies under its belt over the last 2 weeks, the renewed attention to the new VPOR stock is a swing traders dream come true.
Our Next Pick Is Coming Soon!
Click HERE To Make Sure You Don’t Miss Any Of Our Hot Penny Stock Alerts!
VPOR Stock Quote
Market Cap: 47.15M
Last: 0.141 ▲ +0.049 (53.26%)
Dollar Volume: $4,902,433
14-Day RSI: 47.32%
1st Resistance Point: 0.1505
1st Support Level: 0.0981
52Wk High: 0.45
52Wk Low: 0.0005
The month of May is sure to be an exciting one for VPOR stock since the very first real look at what has happened financially since the eCig seller merged with AvWorks Aviation back on January 22, 2014. Although it’s unlikely to see 6-figure sales numbers when Vapor Group reports their first 10-Q for the 3 months ended March 31, 2014, last week’s news of the Food and Drug Administration avoiding a heavy-handed approach to regulating the fast-growing alternative to traditional smokes, not only helped to revive SPLI stock, but also helped to pave the way for even bigger investments into it.
Since no financial records are yet available to truly assess where Vapor Group’s VPOR stock should be, the last two weeks has been a price war between SPLI stock believers and market maker Delaney Equity Group LLC (DLNY). Each time longs go strong and build momentum, DLNY does everything it can in it’s power to regroup and return the assault by driving the price back down for what many believe to be covering short positions.
Nevertheless, the resurgence of what will be VPOR tomorrow comes with a heavy burden for those doing anything but trading the momentum swings. The risks are high for anything but momentum trading as U.S. e-cigarette sales approach $2 billion and big tobacco companies are diving into the fledgling category with both feet to compete with hundreds of upstart brands like Vapor Group. For example: Altria Group Inc. (NYSE:MO), the maker of top-selling Marlboro cigarettes, set a new 52 week high today at $40.15 after it announced last week plans to begin rolling out its MarkTen e-cigarette nationally in June.
It would be better than nice to see VPOR stock rally once Q1 revenue numbers are reported. To use a gauge for where they stand, one could consider Lorillard, Inc. (NYSE:LO) whose fractions of an inch away from setting a new 52 week high today and whose blu e-cigarette has nearly a 50% market share at convenience stores. Lorillard said last week that their e-cigarette sales dipped to $51 million in the first quarter from $57 million a year earlier due to mounting competition that is pushing prices lower. We can only guesstimate that Vapor Group took some of that $6 million.
Looking for the Best Penny Stocks to Buy?
Click HERE To Receive FREE Penny Stock Alerts
About VPOR Stock
Vapor Group, Inc., fka AvWorks Aviation Corp. (SPLI), is a development stage company in the business of designing, developing, manufacturing and marketing high quality, e-cigarette brands which use state-of-the-art electronic technology and specially formulated, “Made in the USA” e-liquids, which may or may not contain nicotine.
Issued and Outstanding: 334,381,399
Dror Svorai, CEO, President and Treasurer: 165,000,000
Last 5 Trading Sessions:
The penny stock love affair with SPLI has been better than any we’ve seen all month. After 3 months of watching marijuana stocks take over the OTC and see their most appreciated representatives get suspended by the SEC, not only have they taken a step back from the spotlights, but the e-ciggers like VPOR and TDEY are getting their chance – and market makers are eating it up.
[gravityform id=”6″ name=”Post” title=”false”]Share