Ecrypt Technologies Inc (OTCBB:ECRY) is starting the week off with a bang continuing the run it started at the end of last week. ECRY initially exploded on the 19th of November from illiquid at $0.125 to highs of $0.385 on record breaking volume after StockTips announced it as their new pick.
Currently moving off the bottom of its trading range ECRY needs to take out previous highs of $0.385 for confirmation of the next let up. After all this is StockTips we are talking about, responsible for such epic winners as TGRO which made a spectacular run from under $0.25 to over $1.50 per share in December 2013 after they announced it as their pick.
More recently StockTips promoted ALKM which ran from under a dime to over $0.50 on their promotion; if ECRY cannot surpass $0.385 this one will mark a significant set-back for StockTips and investor confidence in their ability to perform.
StockTips emailed subscribers this morning saying ”Good morning Kids! Statler here! ECRY is on fire! ECRY is already up over 20 percent in the first 20 minutes of the trading session! I told you to watch ECRY – I hope you listened, because this freight train is gaining steam and momentum and we all know what happens then! I believe this is just the beginning for ECRY!If you have not already done so, now is the time to consider getting in the ECRY game! ECRY – get off the bench and get in the game! Happy Trading,”
According to them Ecrypt Technologies Inc (OTCBB:ECRY) is at the forefront of data security, specializing in military-strength information security solutions for enterprise, government and military. Ecrypt empowers organizations with the freedom to communicate and collaborate without risk of liability, reputation damage, competitive threat and other negative outcomes. Ecrypt is the trusted first choice for those looking to keep their communications confidential.
The Company recently announced the addition of Cicada II to its Cicada line of data privacy technologies. According to Cicada Security Technology CEO, Ryk Edelstein, “the Cicada II extends the scope of the Cicada protective model to include coverage of Bluetooth enabled smart phone and tablet based devices”.
At the end of Last week ECRY issued a press release commenting on the recent trading and promotion of the stock. According to the Company they knew nothing about the promotion from Laluna. This seems hard to believe considering the flurry of press releases leading up to the promo launch and a number of other factors but one can’t blame the Company from trying to separate themselves from the StockTips promo.
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The PR said that ”they had ”been made aware of a significant increase in the share price and trading volume of the Company’s shares beginning Friday November 21, 2014 and continuing Monday November 24, 2014.”
They go on to say that ”the Company is the subject of a promotional campaign by at least one newsletter writer making unsupported, highly promotional, statements about the Company’s future share price (the “Promotion”). The promotional campaign coincides with and appears to have affected a significant increase in the share price and trading volume of the Company’s shares beginning Friday November 21, 2014.
The Company and its officers and directors did not authorize the Promotion in any way and do not endorse it. The Company and its officers and directors did not participate in, or benefit from, trading in the Company’s shares during the Promotion period.
Conclusion: is starting the week off with a bang continuing the run it started at the end of last week. The stock is still tryintg to regains its highs after the explosion on the 19th of November from illiquid at $0.125 to highs of $0.385 on record breaking volume after StockTips announced it as their new pick.
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ECRY continues to be amoungst the top 3 traded stocks on the bb’s. If the $5.1 million promotional budget is any indication of what’s to come ECRY deserves to be at the top of investors watch lists here. We are all waiting for another TGRO and rooting for StockTips to do it again.
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Disclosure: we hold no position in ECRY either long or short and we have not been compensated for this article