Stock Market Watch

LOTE Lot78 Inc Shares Continue To SkyRocket

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Afternoon Traders,

I am sure you all remember my recent post on LOTE a few days back, (LOTE Shares Continue To Rally) yeah the one when LOTE was trading at $1.50 or so. Now listen, I am not going to sit here and tell you that “I called this run” because I didn’t. Well, I did call the start of the run and we got in around $1.00 area but then I told people to sell the $1.30 to $1.50 range. Still, 30 to 50% gains on a penny stock pump and dump like LOTE is isn’t all that bad right?

LOTE Lot78 Inc is currently trading at $10.00 and I just got me a piece of it for a quick scalp trade. See what is happening here is a classic “short squeeze” very similar to LEXT if you all remember that trade 2 years ago to the week to be honest. That stock started at $.50 cents and ran to $10.68 range before finally being crushed by the promoters and traders all the way back down to its current $.18 cent trading price.

So, LOTE Lot78 and LEXG Lithium Exploration Group, Inc. (LEXG) are both very similar, both big hard mailer promotions and both being shorted to heck starting in the $3 range and then running wild for another 300 to 400% gain. Is LOTE a BUY at these levels…HELL NO, if I could find shares to short I would do so, but I can’t so I won’t.

Anyway, if you are looking for other penny stock or small cap stocks like LOTE then join my free newsletter. We have a chat room that is full of full and part time stock traders that are always discussing stocks like LOTE and LEXT or big time promotional plays, but our core is based on technical and fundamental analysis for stocks ranging from $.001 to $3.00 in price.

I hope to see you on the inside

Jeff

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Jeff Williams (Top Stock Picks)
Post Written By: Jeff Williams
My name is Jeff Williams of TopStockPicks.com. As a trader, I have spent the last 15 years navigating and scanning the penny stock markets. I don’t know anyone who has the breadth and depth of penny stock experience that I do. Through my proven methods I have consistently found some of the markets biggest and most profitable trades…and the great news is that I will share them with all of my subscribers. Signup for my newsletter at TopStockPicks.com

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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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