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Sunday, September 25, 2022

Ecrypt Technologies Inc (OTCBB:ECRY) Statler Wants to Do it Again

Ecrypt Technologies Inc (OTCBB:ECRY) crashed off its $0.59 highs this morning as the shorts affected a successful bear raid on the latest pick from Godzilla of small caps; StockTips and friends.

While Statler is loudly pronouncing $1 before Christmas speculators are left wondering if $0.59 was the all-time high for ECRY or if we will see healthy consolidation here over the next few days before another leg up.

As I predicted in earlier articles, ECRY went parabolic went it broke through specific resistance levels referred to as ”magic tipping points” the first was $0.385 and the second was $0.508; in both cases the bulls took over when eclipsed. We will see something similar if ECRY can take out the new magic tipping point of $0.59

StockTips gained prominence with TGRO which ran from at $0.20 to a high of $1.59 after they announced it as their pick last year. The legend grew with the successful launch of WPWR and ALKM which ran from pennies to $0.50 a share.

StockTips one failure was PGFY which was halted shortly after they announced it as their pick; this caused significant losses for their following and hurt their ability to perform moving forward. Many have suggested TGRO was as good as StockTips would ever get while many more have suggested that ECRY will be their greatest work yet.

ECRY says they are at the forefront of data security, specializing in military-strength information security solutions for enterprise, government and military. According to the disclaimer on StockTips emails they ”expect to receive $5,100,000 as a marketing budget for production and distribution of ECRY marketing material from 3rd party Laluna Services, Inc. according to the disclaimer.”

The stock exploded on the alert from StockTips on November 19 running to a high of $0.385 before a press release from the Company distancing themselves from the multi-million dollar Laluna promotion killed the momentum and tanked the stock.

But ECRY came back strong and took out the $0.385 until a negative SA article appeared that once again killed the momentum and decimated the share price. ECRY came back again of course making a new high of $0.59.

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Statler has been busy emailing subscribers, today he said ”The buzz on the street is it sounds like the shorties are trapped and boxed in on ECRY! ECRY is poised for I believe could possibly be its BIGGEST day ever! As in EVER!

Could we see ECRY at 0.75 – 1.00 today? Could we see ECRY’s biggest Volume day ever? You tell me, watch ECRY like a hawk this morning! Pressure has mounted on ECRY! All bringing us to this glorious point for ECRY…I believe shorts are feeling the pressure in the worst way possible. In a way that they have never felt on one of my picks…”

He goes on to say ”I am re-writing the rulebook with ECRY. Together we are taking the small cap game to the next level…Stick around as we raise the bar! I would not be surprised if we see ECRY at 2.00 by Christmas! Not for a single second! So if you are not already in the ECRY game – time to get off the bench and get in the game!”

Currently trading at a $70 million market valuation it did not take OTCMarkets long to slap the dreaded caveat emptor designation on ECRY; the Company lacks any real fundamentals and would have no business trading anywhere near this kind of valuation if it was not for the StockTips promo. Short term the stock can sustain the valuation but long term, once the promo dollars are no longer propping this one up, ECRY will almost certainly drop significantly from current levels.

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Currently there is a war going on between StockTips and the short interest intent on destroying the stock. Short term ECRY could go much higher if the stock remains healthy and continues to hold itself on consolidation. The new magic tipping point is $0.59; a break over would mean shorts get squeezed, a huge win for shareholders and confirmation of another significant leg up

Disclosure: we hold no position in ECRY either long or short and we have not been compensated for this article.

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